"San Francisco Ballet's New Works Initiative: A $60 Million Gift Sparks Creative Focus"

San Francisco Ballet has received a monumental $60 million donation from an anonymous donor, the largest in its 91-year history, with the majority of the funds going towards bolstering the company's endowment and financing the creation and acquisition of new works. The remaining amount will be used to cover operating costs in the upcoming seasons under the leadership of artistic director Tamara Rojo. This transformative contribution comes as the company aims to recover from pandemic-related financial strains and move towards creating modern classics.