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NEW MTC FOUNDATION TO HELP TRANSFORM LIVES MTC Establishes New Philanthropic Fund MELBOURNE, 22 JULY 2014— Melbourne Theatre Company today announced the establishment of a new foundation to assist the company in increasing its ability to attract major philanthropic support. The MTC Foundation has two purposes: to build an endowment fund that will provide an ongoing secure revenue stream for the company; and to provide a mechanism to receive, consolidate and distribute all donations to the MTC. The endowment fund will initially be seeded with $500,000 to encourage further endowed donations and bequests, and the five-year $2.5 million Sharing The Light initiative with Crown Resorts Foundation also announced today, will be the first major leadership gift to the MTC Foundation and will be expended over the next five years. Chairman Terry Moran AC said, “Our heavy reliance on ticket sales and relatively low level of government funding means that, more than ever, MTC must focus on seeking private sector support if we are to continue to transform lives with the power of live theatre now and into the future. The MTC Foundation will provide donors with the security, certainty and transparency they need to be able to support us.” The MTC Foundation will focus on four key areas of MTC’s business:
Innovation: Supporting local artists and writers to create ground-breaking works with stories that need to be heard Community: Making the magic of theatre accessible through family shows, ticket subsidies for underprivileged youth, and regional touring Education: Inspiring over 10,000 Victorian students each year with VCE-linked productions, scholarships, workshops and school tours Southbank Theatre: Preserving and ensuring a sustainable Southbank Theatre as a dynamic, contemporary iconic landmark in the Melbourne cultural landscape
Answerable to the MTC Board, the MTC Foundation will have up to 12 Trustees, including at least two MTC Board Members, whose sole obligations will be to encourage and manage development funds. A not-for-profit company, in 2013 MTC generated $23.2 million revenue, comprising 71.5% ticket sales, 9.3% net government grants, and other revenue. Having generated the highest box office in its 60 year history at $13.5 million net, MTC returned a net surplus of $37,232. All donations to the MTC Foundation over $2 are tax deductible. For enquiries about the MTC Foundation, please contact Tiffany Lucas, Development Director on (03) 8688 0950 or [email protected] Media Contacts: Rée Izett, PR and Communications Director Rosie Shepherdson-Cullen, Publicist
+61 3 8688 0944 +61 3 8688 0945
0418 101 399 [email protected] [email protected]
Innovation: Supporting local artists and writers to create ground-breaking works with stories that need to be heard Community: Making the magic of theatre accessible through family shows, ticket subsidies for underprivileged youth, and regional touring Education: Inspiring over 10,000 Victorian students each year with VCE-linked productions, scholarships, workshops and school tours Southbank Theatre: Preserving and ensuring a sustainable Southbank Theatre as a dynamic, contemporary iconic landmark in the Melbourne cultural landscape
Answerable to the MTC Board, the MTC Foundation will have up to 12 Trustees, including at least two MTC Board Members, whose sole obligations will be to encourage and manage development funds. A not-for-profit company, in 2013 MTC generated $23.2 million revenue, comprising 71.5% ticket sales, 9.3% net government grants, and other revenue. Having generated the highest box office in its 60 year history at $13.5 million net, MTC returned a net surplus of $37,232. All donations to the MTC Foundation over $2 are tax deductible. For enquiries about the MTC Foundation, please contact Tiffany Lucas, Development Director on (03) 8688 0950 or [email protected] Media Contacts: Rée Izett, PR and Communications Director Rosie Shepherdson-Cullen, Publicist
+61 3 8688 0944 +61 3 8688 0945
0418 101 399 [email protected] [email protected]
