Kravis Foundation Awards $10 Million to Performing Arts Center

Kravis Foundation Awards $10 Million to Performing Arts Center

The Raymond F. Kravis Center for the Performing Arts in West Palm Beach, Florida, has announced a $10 million gift from the Raymond and Bessie Kravis Foundation.

The gift to the center's capital campaign will help fund a renovation and expansion project that will increase the size of the Dreyfoos Hall Lobby, create a pedestrian-friendly plaza opening onto Okeechobee Boulevard, add a new valet parking garage, and improve overall traffic flow on and around the ten-acre campus. In recognition of the gift, the new plaza, which is expected to be completed by next summer, will be named the Kravis Family Plaza.

"We are extremely grateful to the Raymond and Bessie Kravis Foundation for making this extraordinary gift to support the center's expansion project," said Kravis Center board chair Jeffrey Stoops. "Throughout the years, the Kravis family has continued their parents' legacy of supporting the center through its foundation. Their steadfast commitment has played an important role in contributing to the cultural well-being of the community and in introducing us to artists who have not previously appeared in Florida."

"My family and I have always valued the transformational power of the arts and what they can inspire, greatly exemplified by the center's significant influence in the South Florida region," said Henry R. Kravis, a trustee of the foundation founded by his parents and co-founder, co-chair, and co-CEO of private equity firm Kohlberg Kravis Roberts. "It is our great pleasure to help the center continue to expand upon this work, furthering its mandate as a cultural center and educator in the community."

"The Raymond F. Kravis Center for the Performing Arts Receives $10 Million Gift." Raymond F. Kravis Center for the Performing Arts Press Release 12/04/2019.