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Most theatre endowments are down this year, which will impact the amount of money theatres can draw to cover operating expenses, and some boards are lowering the percentage of the annual draw in order to minimize the reduction in endowment principle caused by negative trends in the marketplace.
That Was Then, This Is Now Teresa Eyring American Theatre; Nov 2008; 25, 9; Docstoc pg. 6 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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