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Zephyr Theatre and Manitou Fund enter into purchase agreement to help Arts organization move forward
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April 12, 2023
STILLWATER, MINN. — April 12, 2023 — The Zephyr Theatre, a nonprofit performing arts organization, announces that Manitou Fund, a Minnesota private foundation, has executed a purchase agreement for the Theatre property, at 601 Main Street North in Stillwater. Manitou Fund will give The Zephyr time to reorganize its educational and performance programming, plan for the future, enter into a lease opportunity and exercise an option to repurchase at a future date.
“Manitou Fund is pleased to offer support to an essential and impactful community-driven arts collaborative. This supportive effort enables the arts organization to envision and engineer a future for community-based arts education and programs,” says Oliver Din, president and chief executive officer, Manitou Fund.
“The Zephyr Theatre is beyond thrilled for Manitou Fund’s generous support to give us a way forward,” says Nicole Bartelt, board chair, The Zephyr Theatre. “We will sharpen our focus on long term goals, and we look forward to sharing more good news as this relationship develops and grows.”
Manitou Fund is a private foundation based in White Bear Lake, Minnesota.
The Zephyr Theatre, based in Stillwater, is a nonprofit community-driven organization providing inclusive, accessible, and high-quality arts education and arts experiences. For more, visit stillwaterzephyrtheatre.org.###The Zephyr Theatre
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Jennifer Weismann
- April 12, 2023
- 612-716-0556
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