The Hyde Family Foundation to match funds raised by Ballet Memphis for new building and endowment campaign

January 9th, 2017

MEMPHIS, TENN. (January 10, 2017) – – –  The Hyde Family Foundation, based in Memphis, announced today that it will grant up to $2 million in matching funds to Ballet Memphis for funds raised by the organization for its campaign project. 

The current $31 million campaign is funding Ballet Memphis’ new headquarters now under construction in Midtown Memphis as well as an endowment to sustain the Company and create future works.

“The Hyde Family Foundation has been a stalwart supporter of Ballet Memphis since our earliest days,” Dorothy Gunther Pugh, founding artistic director and CEO, said. “The Hydes knew that for Memphis to become a unique and desirable city, it needed to have thriving and vibrant performing arts, including an excellent, professional ballet company that would stand out in the national field. 

“We’re grateful that they acknowledged the importance of professional dance and without The Hyde Family Foundation’s constant and continued support of Ballet Memphis, we would not be the recognized and lauded company we are today. We’re honored that they are committing to this next step in our journey in such a meaningful way.”

Funds donated between now and July 31, 2017 will be matched 1 to 1 by The Hyde Family Foundation. 

“Ballet Memphis is building for the future of dance not only here in Memphis but across the nation,” Carolyn McCormick, director of development and marketing at Ballet Memphis, said. “There are many unique and lasting naming opportunities available throughout this state-of-the-art, beautiful building, from steps to seats to studios. 

“And we are thrilled that all gifts to the campaign–no matter the amount–will be matched through this generosity, dollar for dollar, until the end of July.” 

To date, Ballet Memphis has raised nearly 70 percent of the $21 million needed to complete the Midtown project (including land, fees and furnishings). Ballet Memphis also is raising an additional $10 million for an endowed fund.

For more information on Ballet Memphis, its current campaign or how to support, please visit balletmemphis.org/midtown.