Nearly 150 Kravis Center for the Performing Arts supporters gathered recently in the Center’s Gimelstob Ballroom for a special event honoring members of the Helen K. Persson Society. The luncheon celebrated the Endowment supporters for their confidence, trust and investment in the Kravis Center’s long-term future, which ensures the Center will be enjoyed for generations to come. The luncheon was sponsored by longtime supporters Bernstein Private Wealth Management and included a presentation about “Donating and Investing for Philanthropic Success in 2016.”
Named for the Kravis Center’s ardent supporter, the late Helen K. Persson, the Society now has 135 members. In the spring of 2014, the Center received a $5 million gift from the estate of Mrs. Persson. With that contribution, and recent new member gifts, the current market value of the Center’s Permanently Restricted Endowment Fund is $18 million. Mrs. Persson was a Life Trustee, who served as a member of the Board of Directors from 1992 to 2007.
“Your gifts to the Permanently Restricted Endowment Fund are gifts that can truly last forever,” said Chief Executive Officer Judith Mitchell in her welcome address. “The Center takes seriously its responsibility to all of our donors – past, present and future – to build a strong Endowment Fund to ensure the Kravis Center will endure and flourish. We are deeply grateful to Helen K. Persson for her shining example of generosity and we know she would be proud of all of you for your dedication.”
Mrs. Mitchell then introduced the afternoon’s guest speakers, Evan Deoul, Senior Managing Director of Bernstein Global Wealth Management’s Florida private client business and Brian Wodar, National Director – Philanthropy, who provided a presentation focused on efficient and effective charitable giving techniques in the current economic environment. Mr. Wodar has spearheaded the firm’s research on the interplay between spending, investment policies and fundraising for nonprofits. His presentation focused on how to best give from a tax perspective, giving consideration to cash or appreciated stocks.
Following the insightful presentation, Jane Mitchell, Kravis Center Board Chair, then acknowledged Society members, giving a special commemorative memento to all new members, and those who had yet to receive their gift. Society members in attendance included Ilene Arons, Doris Bell, Sherry and Tom Barrat, Marilyn Berman, Dr. Nettie Birnbach, Margaret May Damen, Margaret Donnelley, Debra Elmore, Maureen Gardella, Dr. Theodore Gerson (accepting on his behalf was Mrs. Joan Gerson), Joan Gordon, Peggy and Richard Greenfield, Eileen Ludwig Greenland, Christine and John Howard, Dr. Elliot and Fruema Klorfein, Elinore Lambert, Carolyn Metskas, John Mike, Judy and Jim Mitchell, Barbara and Irving Reifler, Stanley M. Rumbough, Jr., Rachel Sommer, Sandra Thompson and Charles Williams.
Members of the Raymond F. Kravis Center for the Performing Arts Helen K. Persson Society receive invitations to special events, acknowledgment in Kravis Center publications and other benefits based on level of commitment. For more information about the Helen K. Persson Society, please call Margaret May Damen CFP®, CLU®, ChFC®, CAP®, Planned Giving and Endowment Officer at 561-651-4230. For general information about the Kravis Center performances and benefit events, please visit kravis.org or call the box office at 561-832-7469 (561-832-SHOW).
Centrally located in West Palm Beach, the Raymond F. Kravis Center for the Performing Arts is one of the premier performing arts centers in the Southeast with a renowned national and international reputation. Established as a leading force in the social fabric of the community, its many outreach programs are as broad and varied as the community itself. To date, the Center has opened the door to the performing arts for more than 2 million school children.