Broadway Journal

BROADWAY NONPROFIT COFFERS SWELLED DURING SHUTDOWN (EXCLUSIVE)

March 16, 2022 by Philip Boroff

What started as an existential crisis for Broadway’s nonprofit producers turned into an unexpected windfall.

Thanks to a resurgent but fickle stock market, insurance payouts, cost-cutting and emergency grants from the federal government and foundations in response to Covid-19, Lincoln Center Theater and Roundabout Theatre Co. emerged from the 18-month industry shutdown wealthier than when they entered it.Continue Reading

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