Wichita Community Foundation, Orpheum set up fund for theater’s restoration
03/20/2014 6:11 PM
03/21/2014 7:00 AM
The Orpheum Theatre and the Wichita Community Foundation have signed an agreement establishing a fund with the foundation for the Orpheum’s multimillion-dollar campaign to restore, renovate and expand the historic downtown theater.
The foundation will act as the fiscal custodian of the campaign, the theater announced Thursday. The foundation will receive all donations, issue charitable contribution receipts and make distributions as needed to fund restoration and construction expenses.
The foundation also will make sure that the intents of donor funds are honored, if designated to specific phases of the theater’s master plan or endowments established for theater maintenance, operations or programming.
The Orpheum announced in December that it had launched a $30 million campaign to renovate the historic facility at First Street and Broadway, and turn it into a modern-day performing arts center. The work would be done in six phases, beginning in 2016 and ending in 2017.
“We are extremely proud of our partnership with the Wichita Community Foundation in furtherance of our fundraising goals and we are confident the foundation will lend a significant amount of expertise as we work to restore the Orpheum and upgrade the facilities to meet modern-day needs,” Orpheum Theatre President Jennifer Wright said in a statement.
“The Orpheum Theatre is a historic piece of our community,” foundation president and CEO Shelly Prichard said in the statement. “WCF is glad to be part of this project, as it will help further our mission of making Wichita a more vibrant community by creating lasting legacies through partnerships.”
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