August 11, 2005
INFORMATION: John McElwain or John Green, (661) 362-3494 or 3684
College Foundation, Vital Express Finalize Center Agreement
The College of the Canyons Foundation and shipping company Vital Express on Aug. 10 finalized an agreement that will provide a $2 million donation to the endowment fund for the Performing Arts Center at College of the Canyons. Lisa Boaz signed the agreement for Vital Express, and Kathleen Maloney, executive director of the College of the Canyons Foundation, signed for the foundation.
"We are extremely happy and gratified to be finalizing this gift that will benefit future generations of students at College of the Canyons and support the performing arts in this wonderful community," Boaz said. "Although some people believe this agreement was a long time in coming, the greater good has been served by carefully crafting this first-of-its-kind alliance so that it will stand the test of time and pave the way for future philanthropy."
The Santa Clarita Community College District Board of Trustees voted unanimously on Oct. 13, 2004, to approve the terms of a letter of intent from the company that would permanently change the name of the then-EPIC Center to the Vital Express Center for the Performing Arts. The building has been known by the latter name since that time.
"We are thrilled to be the recipient of such a generous gift," said Steve Zimmer, president of the College of the Canyons Foundation Board, "since it will be used to help us keep the Vital Express Center on the cutting edge of live entertainment in the Santa Clarita Valley. More importantly, the endowment will continue giving, year after year, to thousands of students who will learn the skills, crafts and culture involved with performing in this wonderful facility."
The signed agreement clears the way to move forward with signage to be placed on the building, the costs of which will be absorbed by Vital Express and are estimated at about $130,000. Payments on the $2 million donation are being made over the next 10 years.
"Lisa and Dan Boaz have made a donation that will change the nature of fund-raising for community colleges in California," said Dianne Van Hook, superintendent-president of College of the Canyons. "It is going to serve as a challenge to other communities to step up financial support for their local community colleges. In the case of College of the Canyons, this generous gift will establish an endowment for the center, ensuring that the Vital Express Center for the Performing Arts will remain a premier venue for performances for many years to come."
Joan MacGregor, president of the Santa Clarita Community College District Board of Trustees, said, "The Board of Trustees is pleased that a final agreement has been reached and signed. The Vital Express Center is a wonderful community resource, and many people worked very hard to get it built. Now, with the donation of Lisa and Dan Boaz, coupled with additional future donations to the endowment fund, we will be able provide a wide range of opportunities for students and exciting programming for everyone."
The official 2005/06 Vital Express Center season will begin Friday, Sept. 16 with a performance by The Temptations. Sales of season and individual tickets have been brisk. Tickets are available at the Box Office, by phone at (661) 362-5304 and online at www.VitalExpressCenter.com.