Another nonprofit legit org has put out a distress call in an uncertain economy, with Shakespeare Santa Cruz announcing it will have to shutter permanently if it cannot raise $300,000 by Monday.
The California theater company is headed toward an estimated $500,000 loss for the year, with declining box office and contributions to blame.
The deficit had previously been absorbed by the U. of California Santa Cruz’s Arts Division, to which the company is linked, but that situation has proved untenable in the current fiscal climate.
The plea for help from Shakespeare Santa Cruz comes soon after the Baltimore Opera Company filed for Chapter 11 on Dec. 10, canceling two operas skedded for the spring.
Founded in 1981, SSC has accumulated a deficit of at least $1.15 million over the years. If the org survives for 2009, it aims to initiate cost-cutting measures including shortening the summer season by a week and putting the 2009 holiday offering on hold.