Early Pledge Payoff by The RCU Foundation Adds Momentum to Pablo Center Capital Campaign
Posted: September 19, 2019
EAU CLAIRE, WI – Pablo Center is thrilled to announce that The RCU Foundation has once again stepped forward as a key supporter of Pablo Center and the arts in the Greater Chippewa Valley by paying the remaining balance of their pledge, saving six years of interest payments on current outstanding loans. The total amount saved is around $150,000. This not only moves the needle forward for Pablo Center’s capital campaign which aims to retire the remainder of Eau Claire Confluence Council’s building debt, but it also brings Pablo Center closer to realizing its mission of bringing outreach programming and events, community engagement and educational programming to the Chippewa Valley while being operationally solvent.
Executive Director Jason Jon Anderson is deeply grateful for their support, saying, “As the visionaries for a revitalized downtown, RCU first built their headquarters in Phoenix Park and then the RCU Foundation became one of the first financial partners in this amazing creative project. I’d like to thank them for setting an incredible example. With the advance payment of this pledge, they are ensuring Pablo Center’s long-term operational viability by helping to minimize our interest and principal payments.”
John Sackett, RCU Foundation Board President said, “The RCU Foundation board realized by paying our pledge in-full six years early, the Pablo Center would recognize a substantial savings of interest payments. It’s the right thing to do and will benefit the project as a whole.”
While this is a significant step on the road to fulfilling the goals of Pablo Center’s capital campaign, there is still a need for further support in order to reach both short and long-term fundraising goals. “We are grateful for the generosity of The RCU Foundation as it will allow us to continue to carry out our mission of providing opportunities for all people to experience all that Pablo Center has to offer,” said Monica Frederick, Director of Development. “With the support of partners like Royal Credit Union and The RCU Foundation, we are confident that we will reach our goal by March 2020.”
Regarding the future, Anderson says, “This advance completion of their pledge helps us focus on our Possibilities, Access, and Partnerships. As we grow our rings of influence, we look forward to nurturing the entire creative economy of the region.”
About Pablo Center at the Confluence
Pablo Center operates in support of a mission that is focused on developing and augmenting endless opportunities for people of all ages and backgrounds to experience the performing, literary, and visual arts.
Inside our doors, guests can experience two internationally-recognizable performance spaces; the 1,204-seat RCU Theatre and the innovative 400-seat Jamf Theatre. These spaces allow us to showcase the endless possibilities of the arts in a facility capable of providing transformative experiences and creative opportunities. Our ability to transform is enhanced by our support spaces: three rehearsal, dance and community rooms; three visual arts galleries; a sound and lighting lab; set, costume, media, and exhibit design studios; a state-of-the-art recording studio; and workforce/ vocational training spaces. While our building makes Pablo unique, our community - patrons, members, business partners, constituent groups, and local artists - make us remarkable.
For more information, please contact Stephanie LaBair, Marketing and Communications Manager at Pablo Center at the Confluence, at 715-471-6138 or email@example.com.