The Huntington Theatre in Boston is reexamining its budget in light of the largest gift it has ever received.
The Calderwood Charitable Foundation is adding $10 million to the theater endowment — doubling its size.
Huntington Managing Director Michael Maso says the gift will provide the theater with an extra half million dollars in operating funds each year.
"The Calderwood Foundation is planning the spend itself out of business in the next couple of years," Maso said. "Without this gift we would have seen a significant reduction in operating support."
He added, "the Huntington Theatre is playing a pivotal role in the ecology and the health of the Boston theater community, and this is really going to allow us to start to plan with all of our partners about how we expand our services."
The Calderwood Foundation was formed by late Belmont philanthropist Stanford Calderwood.
This program aired on April 28, 2011. The audio for this program is not available.