Tuesday, September 14, 2010

Challenge Grant: You Can Help Lyric Get “Back in the Black”


Every now and then generous donors to nonprofit organizations will come up with what is known as a Challenge Grant. These grants are a promise to match donations – that is, for every dollar the organization raises, the donor will match it. If you’ve been considering making a donation, doing it as part of a Challenge Grant is a great opportunity to increase the value of your gift at no cost to you.

To kick off the Lyric season right, a special group of our board members has offered a Challenge Grant, above and beyond their normal contributions. They want to help raise enough money to let Lyric start getting back to where we were a few short years ago, when Jack Montgomery used to be able to announce in his pre-show introductions from the stage, “We're in the black.”

This is how it works: for every two dollars we raise, our board group will match it with one dollar up, to $50,000. For example, if you donate $50, the board will add $25 to your gift. Fulfilling this grant will provide us with an additional $150,000 toward the bottom line. While we rank among the most efficient of performing arts organizations, earning 66 percent of our costs through selling tickets, ticket sales simply don’t cover all our production costs, or the fixed costs of maintaining our beautiful building, the Birch North Park Theatre.

We’ve now been open at the Birch for five years. Did you know that we have hosted approximately 800 events during this time, nearly half of them sponsored by Lyric? Or that there are around 70 new businesses in North Park that weren’t there before the Theatre opened? Or that hundreds of people now have new jobs in North Park? And (nearest to our hearts) dozens of tweens and teens have had the opportunity to enhance their performing arts skills at our summer Academy?

Gifts from supporters like you have helped propel these achievements. Please help us get back to being “in the black,” so we can continue this work. The more generous you can be, the better off we will be in the end. Donating online is easy: just click here. If you prefer, you can send in a check or call the office to make a donation over the phone. Thanks in advance for your support!

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