Miami City Ballet fundraising effort raises $65 million

Capping an effort that persevered during the worst days of the COVID-19 pandemic, Miami City Ballet announced this month that it has raised $65 million over the course of a four-year capital campaign, $10 million over its ambitious target.

The Miami Beach-based company also added 2,000 new donors during its now-completed Transforming Lives Campaign, which began in 2018 with an “unpreceded goal” of raising $55 million.

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“MCB is stronger and our future brighter than ever,” Artistic Director Lourdes Lopez said in a prepared statement.

Miami City Ballet Artistic Director Lourdes Lopez

The ballet troupe, which regularly performs its seasonal offerings at the Kravis Center in West Palm Beach, brought in $57 million over the length of the campaign, and secured an additional $8 million in pledges for future fiscal periods, MCB officials said.

The fund-raising effort was led by Kristi Jernigan, former chair of MCB’s board of trustees and onetime head of the Argonaut Capital hedge fund. She and her husband, Dean, CEO of commercial real estate finance company Jernigan Capital, were major figures in a revitalization of downtown Memphis, Tennessee, from 1997 to 2002.

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