Bob Pettee (left), Managing Director Pendragon Theatre and Rob Grant Pres. of Adirondacks.com

AN ENDOWMENT - HOW MUCH IS ENOUGH?
The need to attract contributions for an endowed fund is clearly related to the Board’s desire to insure the long range health, welfare and growth of Pendragon. The Fund is designed to supplement the operating budget, to take the “bumps out of the road” and insure a level of support for personnel, which includes some measure of health and other benefits. To date these amenities have been sorely lacking. Such a resource will also allow the organization to assemble the kind of year round company that will increase earned income, which presently accounts for about 64% of operations. That company would be composed of more full-time people and fewer people relying on a patchwork of part-time jobs. The existing fund (approximately $165,000.) was supplemented several months ago with the acquisition of an apartment building, which is helping to seriously reduce the costs associated with performer/staff accommodations. This is clearly a long- range asset as valuable as dollars in the Bank! The goal for the endowment is one million dollars. While one would never refuse increases to that goal(!), such a fund would insure the stability of a staff of five full-time and five part-time employees - a solid Pendragon Theatre for the future. If you are interested in helping with the Endowment please contact Bob Pettee, Managing Director, at the Theatre.

Pendragon Theatre is supported in part by public funds from the New York State Council on the Arts, a New York State agency.

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