Carnegie Hall Announces $10 Million Challenge Grant to Support Renovation Project

Carnegie Hall Announces $10 Million Challenge Grant to Support Renovation Project

Carnegie Hall, the world-famous performing arts venue in New York City, has announced a $10 million challenge grant from Joan and Sanford I. Weill and the Weill Family Foundation in support of the Studio Towers Renovation Project.

Scheduled to be completed in 2014, the project seeks to refurbish Carnegie Hall's backstage areas, upgrade its artist support spaces, and ensure that the venue continues to function as a destination for the world's greatest performers and ensembles. It includes construction of the new 61,000-square-foot Judith B. and Burton P. Resnick Education Wing on top of the venue's landmark building and a state-of-the-art home for Carnegie Hall's archives. If successful, the grant from the Weills, which must be matched on a 2:1 basis, will complete fundraising for the $230 million project.

Some $9 million of the funds needed to meet the challenge has already been raised. Among the pledges received toward the overall campaign are a previously announced $25 million lead gift from the Weills, a $10 million gift from Judith and Burton Resnick, and significant funding from both New York City and the New York state , as well as income totaling $56.5 million from bonds issued through the city's Trust for Cultural Resources.

"Joan and Sandy have shown such tremendous leadership with this campaign, and we thank them for their extraordinary generosity," said Carnegie Hall executive and artistic directorClive Gillinson. "Their passion for this project is clearly rooted in their longtime commitment to music education, their belief in the power that Carnegie Hall has to bring all kinds of people together through music, and their desire that Carnegie Hall remain at the center of the world's cultural stage through the twenty-first century."