Foundation Explains Denial Of Endowment Funds To Rep
Madison Repertory Theatre DissolvedMadison Community Foundation manages all kinds of funds, including the endowment funds for seven arts groups that reside at the Overture Center.
Foundation president Kathleen Woit said the Rep did not receive any endowment dollars this year from the Great Performance Fund because it did not have a "business plan," including a line of credit, for producing plays in 2009.
The Rep dissolved last month after canceling the last two shows of its 2008-09 season.
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