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Reinhart Foundation Announces New $5M Fund to Support Performing Arts in Greater Richmond

OCTOBER 13, 2021 — To provide ongoing support for major performing arts organizations in the Richmond region, the Reinhart Foundation is pleased to announce the creation of the Reinhart Foundation Endowment for the Performing Arts. “Richmond is fortunate to have an extraordinary pool of incredibly talented singers, dancers, actors, instrumentalists, educators, and skilled technical support teams, paired with a number of well-equipped performance venues and facilities,” said William Reinhart, president of the Reinhart Foundation. “The Reinhart Foundation is honored to have this opportunity to help ensure that Richmond continues to be a leader in cultural diversity for its residents.”

This fund will be administered by the Community Foundation for a greater Richmond, with an initial commitment from the Reinhart Foundation of $5 million. Each year, the income resulting from this fund will be distributed equally among five diverse major performing organizations in Greater Richmond: the Richmond Ballet, the Richmond Symphony, SPARC, Virginia Opera and Virginia Repertory Theatre. “Each of these organizations has a long- and well-established reputation of excellence, inclusion, and community involvement with the highest professional standards in place,” William Reinhart said.

“Richmond Ballet is very honored to be chosen as one of the beneficiaries of Bud Reinhart’s extraordinary legacy of support; he was a true friend to all the arts organizations in Richmond,” said Stoner Winslett, Artistic Director of the Richmond Ballet. “The ongoing support of the Reinhart Foundation Endowment for the Performing Arts will fund many worthwhile objectives of our organization, such as newly commissioned works for our professional company, the creation of costumes or scenery for our student performances, and the potential to expand our community engagement efforts through Minds in Motion. I know he would be pleased to have his commitment to Richmond’s arts and artists continue, and we could not be more grateful for this generous gesture that will assist us in furthering our mission of awakening and uplifting the human spirit.”

The Reinhart Foundation, founded in 2000 by Myron “Bud” Reinhart, has been a longtime supporter of the performing arts, food access initiatives, housing and recovery programs, nursing scholarships and healthcare, and services for individuals with disabilities. After Bud’s passing in 2020, his family wanted to honor the Foundation’s commitment to Richmond’s performing arts community by creating this endowed fund.

The Community Foundation team is passionate about supporting a thriving Richmond region and working with individuals and organizations like The Reinhart Foundation to help them meet their unique charitable goals. As a prominent advocate and partner in local philanthropy, the Community Foundation provides flexible options to ensure each fund is tailored to its donors and what they wish to accomplish.

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