The Kennedy Center For Performing Arts fundraising goal has far exceeded expectations. The performing art center’s initial goal was set at $50 million. Since the first round of fundraising was such an overwhelming success, the center decided to up its goal by an additional $50 million.
The Kennedy Center has already raised $139.5 million since it began its fundraising efforts in 2013. The approved project, which includes a complete overhaul with additional pavilions, educational rooms, dining space and offices. There will also be a pedestrian bridge linking the Kennedy Center with the main pavilion.
The largest donation to date comes from Carlisle Group founder David Rubenstein. His personal donation was $50 million. The money continues to pour in despite passing the initial goal.
“The expansion of the riverwalk area is a much needed upgrade that will serve as the Kennedy Center’s front door,” said Kennedy Center CEO Deborah Rutter. The donations are a testament to how much individuals love the arts.”
Since the Kennedy Center’s opening, more than 3 million customers pass through annually. The renovations are expected to be completed in 2018.
Aside from Rubenstein, the Kennedy Center received $20 million from Boeing Aircraft, $10 million from Jacqueline Mars and the Schwarzman family and $5 million from Suzanne Neidland, The Centene Charitable Foundation and $1 million from Dick and Betsy DeVos Foundation.
Dick DeVos is the son of Richard DeVos, founder of Amway Products. The family has a long history of philanthropy both domestically and internationally. The family is a huge proponent of education and school choice. They have given millions to local schools and have opened several charter schools.
After serving as CEO for Amway from 1993-2001, Dick served as CEO of the Orlando Magic, which is family purchased in 1994. In the Grand Rapids area, he has spearheaded a number of beautification initiatives. In 2006, he made an unsuccessful run as governor of the state of Michigan. He was defeated by Jennifer Granholm. DeVos is also a trained jet pilot and champion sailor.
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