Kravis Center in Palm Beach Raises $10 Million for Expansion

Kravis Center in Palm Beach Raises $10 Million for Expansion

The Raymond F. Kravis Center for the Performing Arts in West Palm Beach, Florida, has raised $10 million in the two weeks since it launched a campaign to raise $31 million to expand the Center's facilities, the South Florida Sun-Sentinel reports.

Just before the New Year, five couples donated $6 million to the Center to further the capital campaign, which began on December 18 with a head start of $4 million. A third of that — $2 million — was donated by Carl Shapiro, a member of the Kravis board and founder of clothing manufacturer Kay Windsor Inc., and his wife Ruth. The Shapiros are longtime supporters of the Kravis Center and the nearby Norton Museum of Art. Originally from the Boston area, the couple recently gave $22 million to Brandeis University in Waltham, Massachusetts, to build a student center.

Another Kravis board member, Jack Friedman, and his wife Lorraine contributed $1 million to the planned expansion of the Center's pavilion. Other couples donating $1 million were Herbert and Elaine Gimelstob, J. Ira and Nicki Harris, and Bernard and Chris Marden.

"There wasn't a moment's hesitation on [the donors'] parts," said Alexander Dreyfoos, Jr., chairman of the Kravis board of directors. "[The response] lets us know we are headed in the right direction."