The Kennedy Center is set to create a new endowment named for President Donald Trump following a unanimous vote by the storied arts institution’s board.
A source familiar with the matter described the endowment as a first-of-its-kind private fund to benefit the performing arts center, which they said has “deep needs” and is in a “place of physical disrepair.” The new fund is meant to supplement the $257 million Congress allocated for the center last year.
“The establishment of the Trump Kennedy Center Fund is intended to recognize President Donald J. Trump’s significant contributions and dedication to America’s premier cultural center,” Roma Daravi, the vice president of public relations at the center, told NOTUS in a statement.