Skylight annual meeting news: The company announced a $1 million anonymous gift to support the artistic director's position and its 13th consecutive operating surplus, an unaudited $3,315 above expenses of $2,942,947. The board elected officers: president, Larry Salustro; vice president, Suzanne Hefty; secretary, John Hein; treasurer, Sue Sachdeva.
in the skylight's defense, the economic downturn would have had a major effect on the interest earned from such an endowment. but in 2004, an anonymous donor thought having an artistic director at the skylight was important enought to part with a fairly hefty sum.
what happens to the interest from that endowment now? does it go to pay the managing director's salary? if so, is that in conflict with this anoymous donor's wishes?