Roundabout Theatre Company has officially launched the Next Stage Campaign, a $120 million capital campaign to strengthen the company for its next era.
Pillars of the campaign include the first comprehensive revitalization of Studio 54 in a century, the growth of Roundabout’s strategic reserve to support long-term stability and future investment, and renewed investment in Roundabout’s portfolio of mission-driven education programs, community partnerships, and artistic development initiatives.
Christopher Ashley, incoming artistic director, said in a statement, “Roundabout’s future will continue to be shaped by the artists who come here to ask bigger questions, take real swings, and respond to our changing world. But in order to make that happen, we need to be able to support our artists, and to make these spaces as inviting and as empowering to them as possible. The Next Stage Campaign gives us the chance to carry that essential work forward with real ambition while creating the conditions for what comes next: classics seen with fresh eyes, new work with room to grow, musicals developed with care and courage, and a company ready to meet the next generation of artists and audiences.”
In addition to Studio 54, the Next Stage Campaign will also focus on two additional initiatives: Roundabout’s Board Reserve, the Next Legacy—replenishing Roundabout’s financial reserves that have sustained the theatre’s mission-driven programs through challenging times, ensuring a sustainable future not only for Roundabout’s work onstage, but for its arts access and education programs in all five boroughs of New York City; and Roundabout’s Vital Programs, the Next Generation—sustaining and expanding Roundabout’s investments in artist residencies, community engagement partnerships, workforce development fellowships, and education programs that serve tens of thousands of New Yorkers each year.
The campaign is co-chaired by Katheryn Patterson Kempner and Thomas E. Tuft. Roundabout has already raised over 75% of its goal, with $92 million of $120 million raised through the early support of Senators Gillibrand and Schumer via the U.S. Department of Housing & Urban Development, the NYC Department of Cultural Affairs, New York City Council, and the Manhattan Borough President’s Office; the Roundabout Theatre Company Board of Directors and Leadership Council, and several transformational commitments from Roundabout’s family of supporters.
Roundabout now welcomes additional support from the public and private sectors to help fulfill its complete fundraising goals.
The revival of The Rocky Horror Show currently plays Roundabout’s Studio 54.
Visit NextStageCampaign.RoundaboutTheatre.org.