Santa Barbara Center for Performing Arts Receives $5 Million Pledge

The has announced a pledge of $5 million from Anne and Michael Towbes to the organization’s Alhambra Society, a planned giving group dedicated to growing the center's endowment.

The society honors donors who make a planned gift of $10,000 or more. The center, which houses the , also announced a new partnership with the to provide current and future supporters with customized giving options.

Michael Towbes is chairman of the and and chief financial officer of the , as well as a founding SBCPA board member and member of the center's executive, major gifts, and finance committees. He has served on numerous local nonprofit boards and served as president of the Santa Barbara Foundation. Anne Towbes devotes much of her time to helping nonprofits such as the , , and the . She is a former trustee of the Santa Barbara and foundations and serves on the board of .

"Anne and I hope to inspire others to think about giving in a way which supports and sustains the Granada Theatre and the Santa Barbara arts and cultural community for generations to come," Michael Towbes said. "With this gift, we hope to underscore the importance of long-term focus for the SBCPA by building the organization’s endowment through planned gifts which will sustain it and its resident company partners far into the future."

"." Granada Theatre Press Release 03/17/2014.