The largest private gift in the organization's thirty-year history will be used to set up a capital reserve fund to support the continued production of new dance, music, and theater pieces. The funds will enable Harlem Stage to provide additional financial backing — in addition to practice and staging space — to individual artists and also support tours of commissioned works.
The amount of individual artist grants will depend on the project, Harlem Stage managing director James King told Crain's. Collecting a percentage of the revenues from shows that tour would be an additional revenue stream for the organization, which currently has a $500,000 budget deficit.
"It will be a huge directional shift for us," said King. "It will be a gradual transition that will happen over time."