ARTS CENTER GIFTS TOP $123 MILLION
The Orange County Performing Arts Center has raised $56.8 million for construction and $67 million for an operating endowment--a total of more than $123 million, according to the Center’s 1985 year-end campaign report.
The $56.8-million construction total puts the campaign $13.9 million short of the $70.7 million needed to build the Center’s 3,000-seat multipurpose theater and other opening-phase facilities.
The $67 million in gifts and “deferred pledges” for the operating endowment has far surpassed the original target of $20 million. Monies for this fund are usually derived from charitable trusts, life-estate agreements, will bequests and life insurance policies.
The main theater is scheduled to open Sept. 29 with an appearance by the Los Angeles Philharmonic under the direction of Zubin Mehta, the Center has announced. The Orange County Pacific Symphony is set to open a 14-concert series Oct. 2.
Also announced: the American Ballet Theatre for a one-week engagement in December and the New York City Opera for a two-week run in January, 1987.
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