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San Francisco Opera gets $35 million gift from longtime patron

San Francisco Opera gets $35 million gift from longtime patron

A longtime patron has pledged $35 million (euro27.59 million) to the San Francisco Opera in one of the largest donations ever to an American opera company by a single benefactor.
Jeannik Littlefield served on San Francisco Opera's board of directors from 1977 and 1992 and has been a longtime supporter of the company along with her late husband, industrialist Edmund Wattis Littlefield.
"I have always loved opera and am so very grateful to be able to participate now in contributing towards a brilliant future for San Francisco Opera," the Paris native said in a statement Tuesday.
The pledge comes without restrictions, and $10 million (euro7.88 million) would go into annual operating expenses, General Director David Gockley said. The rest would augment the company's endowment, which stands at around $90 million (euro70.96 million) , he said.
The gift is expected to keep the company in the black, after it recently emerged from multimillion-dollar budget deficits that had prompted cutbacks and a number of private donations to cover the shortfall.
San Francisco Opera said it was the single largest commitment by an individual ever received by the company, and to its knowledge, the largest by an individual to any American opera company.
In January, Mercedes and Sid Bass, who made a fortune in Texas oil, offered a $25 million (euro19.71 million) gift to the Metropolitan Opera House. It was the Met's biggest individual gift in its 123-year history. Last month, the Los Angeles Opera announced a $6 million (euro4.73 million) donation from philanthropists Eli and Edythe Broad.
Littlefield's husband was chief executive officer of Utah Construction Co., which merged with General Electric in 1976.
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On the Net:
http://www.sfopera.com


Updated : 2021-07-26 07:29 GMT+08:00