Asolo Rep Receives $1 Million Gift From the Charles & Margery Barancik Foundation

The Giving Coast

The Charles & Margery Barancik Foundation has gifted $1 million to Asolo Repertory Theatre in support of Asolo Rep’s Staging Our Future Capital and Endowment Campaign. The contribution will go toward a planned $5 million endowment fund that will help cover operating expenses for the new and expanded Koski Center facilities on Tallevast Road. Phase 1 of the project, which includes new construction on the Koski Center property, broke ground on April 27, 2021. The new building will include a state-of-the-art, two-story “Super Rehearsal Hall” as well as production spaces and gathering places. Asolo Rep leadership expects phase 1 to be completed by May 2022, at which point it will begin incurring operating expenses. The Barancik Foundation’s gift allows Asolo Rep to continue building the income in anticipation of these operations. This $1 million gift represents the latest in an extended history of contributions from the Barancik Foundation to Asolo Rep. 

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