Festival Ballet pins hopes on fundraiser

PROVIDENCE, RI – One of Rhode Island's most treasured arts groups has reached an important milestone. After years of deficits, Festival Ballet turned a small profit for the fiscal year ending in August.

Festival Ballet ended fiscal year 2011 with an $80,000 surplus. This year they expect to break even or earn a slight profit. It's not enough, though, to turn around years in which the state's only professional ballet company was operating with six-figure deficits. That's why an October 19th gala fundraising performance at Veterans Memorial Auditorium is so critical, says artistic director Misha Djuric.

"I will be extremely happy if we can raise $100,000," he says, "but I will be more happy if I can raise more."

Ballerinas from as far away as Lithuania are donating their talents for the performance, which will feature Balanchine's "Apollo" and other works. Tickets range in price from $25 to $125.

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