March 17, 2015

San Jose Ballet Company Exceeds Its Funding Goal

The struggling Ballet San Jose Silicon Valley announced Saturday that it had raised $640,000, exceeding a fundraising goal announced earlier this month, The San Jose Mercury News reports.

On March 4, the dance company announced that it had to raise $550,000 in 10 days to stay afloat. Small individual donations as well as major donors contributed to the campaign.

Now the company, which has faced financial struggles in the past, has a larger goal of raising $3.5 million by October. The organization, which has a $5.6 million budget, plans to restructure its business model.