The grants and gifts were announced by the Foundation today. The $37.6 million figure tops last year’s record-setting $32.1 million by $5.5 million.
Established in 1945 by theater impresarios Lee and J.J. Shubert to honor their brother Sam, the Foundation today is the nation’s largest funder of unrestricted aid for not-for-profit theater and dance companies. Since the establishment of the Foundation’s grants program in 1977, the organization has awarded more than $575 million.
Chairman Robert E. Wankel said the Foundation Board approved the two $1 million endowments for scholarships at Spelman and Morehouse “to further expand opportunities for college students of color to gain broad experiences in the performing arts.”
Source: News Formal (newsformal.com)
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