The New York City Ballet hopes to raise $51 million in the biggest capital fundraising effort in dance history, the New York Times reports.
The campaign will be in addition to the troupe’s annual fundraising, expected to total $16.5 million.
Gifts and pledges of $30 million already have been made to the capital campaign, which is for a general endowment and for projects including a training institute for choreographers.
The biggest pledge so far is $5.5 million from the Irene Diamond Fund to create the choregraphers institute.
The goal of the institute is to give ballet choreographers the unusual opportunity to experiment.
“There will be no deadlines and no performances attached,” Peter Martins, director of the City Ballet, told the Times. “They will have the freedom to explore.”