Asolo Rep Receives $1 Million Gift

November 17, 2021 – Sarasota

The Charles & Margery Barancik Foundation has gifted $1 million to Asolo Repertory Theatre in support of Asolo Rep’s Staging Our Future Capital and Endowment Campaign. The contribution will go toward a planned $5 million endowment fund that will help cover operating expenses for the new and expanded Koski Center facilities on Tallevast Road.

“The Barancik Foundation remains a beacon of generosity and leadership that bolsters Asolo Rep and the Sarasota community as a whole,” said Asolo Rep Managing Director Linda DiGabriele. “We are honored by their support and proud to continue to be a part of the incredible legacy of Charles and Margery.”

Phase 1 of the project, which includes new construction on the Koski Center property, broke ground on April 27, 2021. The new building will include a state-of-the-art, two-story “Super Rehearsal Hall” as well as production spaces and gathering places. 

Asolo Rep leadership expects phase 1 to be completed by May 2022, at which point it will begin incurring operating expenses. The Barancik Foundation’s gift allows Asolo Rep to continue building the income in anticipation of these operations.

“Chuck and Margie were inspired by Asolo Rep’s world-class educational opportunities for children,” said Teri A Hansen, President and CEO of Charles & Margery Barancik Foundation. “This top-notch facility will not only generate further revenue and support world-class productions, but also grow capacity for more children to experience all Asolo Rep has to offer.”

This $1 million gift represents the latest in an extended history of contributions from the Barancik Foundation to Asolo Rep. The generosity of Charles and Margery Barancik, and the legacy that lives on in the Barancik Foundation, continues to fuel Asolo Rep’s artistic and community achievements.