Artists of Pennsylvania Ballet in Serenade, choreography by George Balanchine © The George Balanchine Trust. | Photo: Alexander Iziliaev

Cash Reserve

Goal: $4 million

To have the resources to grow, and attract major support from foundations and other investors, Pennsylvania Ballet must strengthen its balance sheet. The Ballet is working to build its assets, which have been greatly diminished by the economic downturn, to the point where asset levels meaningfully exceed liabilities.

With seed money from the William Penn Foundation, Pennsylvania Ballet has established a cash reserve of $450,000. Ultimately, the Ballet plans to increase the reserve to $2 million, a sum that will provide strong operating cash flow and minimize risk during economically challenging times.