ALLIANCE FOR THE ARTS THANKS COUPLE, OTHERS FOR GENEROSITY.Byline: Don Holland Daily News Staff Writer After drawing more than $15 million for its endowment fund Noun 1. endowment fund - the capital that provides income for an institution endowment patrimony - a church endowment chantry - an endowment for the singing of Masses last year, the Alliance for the Arts is promising some great performances. Among three major gifts received last year, one included a $1.5 million donation from William and Beverly Dallas of Westlake Village, who were to be honored Monday for their gift. The arts community and the city, wanting to say ``thank you'' in grand style, were holding evening ceremonies feting the couple and naming the roadway leading up to the Civic Arts Plaza in their honor. ``It's kind of the gateway to the arts,'' said Patricia Moore, executive director of the alliance about the short driveway to the center. The gift, she said, also is helping to pave PAVE Cardiology A clinical trial–Post AV Node Ablation Evaluation the way to the arts. ``A major portion will go into our programming endowment fund to help subsidize sub·si·dize tr.v. sub·si·dized, sub·si·diz·ing, sub·si·diz·es 1. To assist or support with a subsidy. 2. To secure the assistance of by granting a subsidy. performances,'' Moore said. ``And also it will help us bring new kinds of performances here.'' The alliance was to host a gala dinner party following a short parade, dedication of Dallas Drive and a pyrotechnic display saluting the Dallas family. ``Their donation helped us complete our goal last year of reaching $15 million,'' Moore said. ``Theirs was the capping donation, and it put us at $15.5 million. I'm just really, really thrilled to have the Dallases as part of our campaign leadership.'' The endowment, which also will help support local performing arts groups, was bolstered bol·ster n. A long narrow pillow or cushion. tr.v. bol·stered, bol·ster·ing, bol·sters 1. To support or prop up with or as if with a long narrow pillow or cushion. 2. in July by a $2.5 million donation from Moorpark businessman Fred Kavli Fred Kavli, b. 1927, is a naturalized American physicist, business leader, innovator, and philanthropist. Born in the village of Eresfjord, Nesset municipality in Møre og Romsdal county, Norway. , $1 million from Janet and Ray Scherr, and $500,000 from George and Diane Jones. In the fall, the alliance will begin deciding how to allocate the funds. William Dallas William Sweetland Dallas (1824–1890) was a British zoologist. His son was James Dallas. Notably, he translated Facts and Arguments for Darwin by German biologist Fritz Müller into English. William M. founded First Franklin Financial Corp. in 1981. It was sold in September to Band America Investment Corp. They moved to Westlake Village in 1989. |
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