Kennedy Center Update! · Philanthropy N The Black · Radar

What the Kennedy Center Closure Means0:45 – 4:38

0:45

This historic building, it houses the Eisenhower Theater, the Opera House, the Concert Hall.

0:51

You know it.

0:52

You've seen the pictures of it, right? Those performances are going dark.

0:57

Pickle the distinction.

0:58

But the entire Kennedy Center is not disappearing, people.

1:03

Current plans calls for the REACH part of the Kennedy Center, which is like a 60,000 square foot expansion.

1:10

And artistic things happen on this particular grounds of the Kennedy Center all the time.

1:15

That's still going to be popping off.

1:17

Also, other programming will continue there or possibly move off campus to other venues.

1:26

It's not all closing, despite what these people saying.

1:29

So they're trying to get you.

1:30

They're trying to click bait you.

1:32

The Kennedy Center, from what the board submitted in this report, is going through financial crises.

1:40

Go watch the podcast about the funding.

1:43

But they're saying basically they have a $23 million deficit and they might not be able to make payroll and so on and so forth.

1:50

They're saying earned revenue is falling.

1:52

Now, the interesting part of that is that we don't have an updated 990, the form nonprofits file with the IRS showing how much money you made and how much money you spent.

2:03

It's from 2024 and it was looking good.

2:05

However, they're saying, you know, right now people aren't supporting.

2:08

Could be true.

2:09

Could not be true.

2:10

Could be politics.

2:11

But for us as donors and visitors, it's the idea of what does it mean for us? That's what this is about.

2:19

This is philanthropy in the black.

2:20

I'm not here to gossip a little bit, but not not a lot.

What the Kennedy Center Closure Means0:45 – 4:38

0:45

This historic building, it houses the Eisenhower Theater, the Opera House, the Concert Hall.

0:51

You know it.

0:52

You've seen the pictures of it, right? Those performances are going dark.

0:57

Pickle the distinction.

0:58

But the entire Kennedy Center is not disappearing, people.

1:03

Current plans calls for the REACH part of the Kennedy Center, which is like a 60,000 square foot expansion.

1:10

And artistic things happen on this particular grounds of the Kennedy Center all the time.

1:15

That's still going to be popping off.

1:17

Also, other programming will continue there or possibly move off campus to other venues.

1:26

It's not all closing, despite what these people saying.

1:29

So they're trying to get you.

1:30

They're trying to click bait you.

1:32

The Kennedy Center, from what the board submitted in this report, is going through financial crises.

1:40

Go watch the podcast about the funding.

1:43

But they're saying basically they have a $23 million deficit and they might not be able to make payroll and so on and so forth.

1:50

They're saying earned revenue is falling.

1:52

Now, the interesting part of that is that we don't have an updated 990, the form nonprofits file with the IRS showing how much money you made and how much money you spent.

2:03

It's from 2024 and it was looking good.

2:05

However, they're saying, you know, right now people aren't supporting.

2:08

Could be true.

2:09

Could not be true.

2:10

Could be politics.

2:11

But for us as donors and visitors, it's the idea of what does it mean for us? That's what this is about.

2:19

This is philanthropy in the black.

2:20

I'm not here to gossip a little bit, but not not a lot.