Fort Myers Florida Weekly

Florida Rep creates endowment

The Florida Repertory Theatre’s board of directors has established a nonprofit agency endowment fund with the Southwest Florida Community Foundation.

Nonprofit Agency Endowment Funds are long-term funds that allow an agency to plan for the future needs of the organization. Because the funds are endowed, agencies such as Florida Rep can take advantage of the Community Foundation’s financial management, administrative resources and planned-giving expertise.

“Thanks to our wonderfully supportive community and incredible ensemble of artists, Florida Rep has proudly become the largest nonprofit arts organization in the history of Lee County with $4 million in budget, 51 full-time staff members and 87,000 people served annually,” said Robert Cacioppo, Florida Repertory Theatre’s founder and producing artistic director. “With no debt, it is exciting for people to know that when they donate to (Florida Rep), those donations go directly to new programs.”

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