Forward Fund

Your special 25^th Anniversary Capital Gift will help sustain Prospect Musicals and build a bright future for the next generation of the American musical!

The Importance of Forward Thinking

An investment in Prospect’s working capital resources is a vital, strategic endeavor during our milestone 25th Anniversary year. The Forward Fund will empower Prospect to continue producing bold new works, embrace artistic opportunities, and enhance its resilience for the future.

What is the Forward Fund?

During Prospect's 20th Anniversary year, as the company grew, our Board of Directors established The Forward Fund: an initiative to provide the financial resources necessary to mount productions on a larger scale. The Forward Fund is not an endowment; it is a board-designated working capital fund intended to build organizational capacity so Prospect may confidently continue in our mission to develop and produce new musical theater.

The Forward Fund was a huge asset as the company navigated the challenges of a pandemic -- and as our producing budgets have continued to grow over time, we want to continue our investment and build on this valuable capital resource.

For our 25th year, we have committed to expanding The Forward Fund from its initial $100K level to a new $250K level!  As of Dec. 1, 2024 we have approximately $170K in the fund -- with $80K left to reach our goal.

How does the Forward Fund work?

The Forward Fund is a separate account from our annual operating funds. When Prospect launches new projects which require capital resources, the Board can elect to use monies from the Fund, rather than seeking loans from outside sources. Draw-downs from the Fund are then replenished to this account subsequent to each production or project, typically within one year.

Why does Prospect need the Forward Fund?

When Prospect produces a show, we need to pay the majority of production expenses prior to receiving ticket sales income, and sometimes before grant funding becomes available. For example, in order to reserve a performance venue, we need to make a deposit on theater rent. These early funds are usually needed more than one year in advance of the show, and we won’t receive ticket sales income until after the show is up and running. The Fund helps bridge the gap in the company’s cash flow.

Prospect Musicals is proudly committed to supporting artists who take risks and touch audiences with ambitious, original storytelling. Over the past 25 years, Prospect has been an artistic partner to countless talented collaborators working onstage and behind the scenes. As we celebrate our legacy and impact, you have an opportunity to help us foster exciting new works, keep a non-profit theater organization thriving, and support the next generation of theater-makers! Your capital gift to Prospect is an investment in up-and-coming talent that multiplies benefits far beyond any individual project.

We’re happy to provide more information if you are interested.  Thank you for your support of our sustainability!