Rubenstein, David M

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    At Kennedy Center, Trump Inherits a Tough Job: Fund-Raising

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    For the arts institution, which receives only a small portion of its budget from federal funding, the perennial challenge is to raise additional revenue through ticket sales and private donations.In just one week, the John F. Kennedy Center for the Performing Arts in Washington has been completely transformed.President Trump purged the center’s board of all Biden appointees and installed himself as chairman, ousting the financier David M. Rubenstein, the center’s largest donor. The new board fired Deborah F. Rutter, the center’s president for more than a decade. At least three other top staff members were dismissed.Performers have dropped out in protest amid fears that Mr. Trump’s call to rid the center of “woke” influences, drag shows and “anti-American propaganda” will result in a reshaping of programming too narrowly aligned with the president’s own tastes.This concern — that the center’s tradition of pluralism, free expression and classical art forms is in jeopardy — has dominated conversation about its future. But just as relevant, experts say, are questions about its financial stability.Though the abrupt takeover by the new administration might suggest the center is an arts adjunct of the federal government, it is actually a semi-independent nonprofit.It operates under the Smithsonian Institution as a public-private partnership, and only a small portion of its $268 million budget — about $43 million, or 16 percent — comes from the federal government. That subsidy is not spent on programming but is earmarked for operations, maintenance and repairs of the property, which is federally owned.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Names Richard Grenell Interim Leader of Kennedy Center

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      President Trump announced in a post on social media Monday that he was appointing Richard Grenell as the “interim executive director” of the Kennedy Center in Washington. Mr. Grenell, who was Mr. Trump’s ambassador to Germany during the first Trump administration, is one of his most fiercely loyal apparatchiks.The president wrote that Mr. Grenell “shares my Vision for a GOLDEN AGE of American Arts and Culture” and would be overseeing “daily operations” to ensure there was no more “ANTI-AMERICAN PROPAGANDA.”The appointment was just the latest in a series of moves designed to strengthen Mr. Trump’s grip on the performing arts center in Washington.He kicked off a purge Friday night, when Mr. Trump announced his intent to gut the Kennedy Center’s board and install himself as chairman. He had denounced the center’s programming choices.On Monday, 18 board members and the board chairman were removed from an official roster on the center’s website. The excised members were appointees of Mr. Trump’s predecessor, Joseph R. Biden Jr. The board’s chairman, David M. Rubenstein, was also removed.Mr. Rubenstein, a financier who was initially appointed to the board by former President George W. Bush, has given $111 million to the center over the years, making him the biggest donor in its history.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The Kennedy Center’s Chairman Won’t Depart After All

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      As the nation’s capital prepares for a second Trump administration, the performing arts center announced that its chairman would not step down in January as planned.The White House was not the only Washington institution planning to welcome new leadership in January. The John F. Kennedy Center for the Performing Arts had announced that its longtime board chairman, David M. Rubenstein, would step down in January and had appointed a search committee to find a successor.But last month, shortly after the presidential election, the Kennedy Center announced that Mr. Rubenstein, a private equity titan who has led its board of 14 years, would stay on in the position until September 2026.The decision ensures continuity at a moment when the Kennedy Center, like much of Washington, is preparing for a second Trump administration. (On Sunday, President Biden is expected to attend the Kennedy Center Honors as it celebrates Francis Ford Coppola, the Grateful Dead, Bonnie Raitt and Arturo Sandoval; President-elect Donald J. Trump did not attend the ceremonies during his first term.) But it also raises questions about why the center failed to find a new chair.Deborah F. Rutter, the center’s president, said that on Nov. 15 the board’s search committee decided to keep Mr. Rubenstein on in part because the center is in the quiet phase of an endowment campaign, making a leadership transition “really tough.”“We looked at the needs of the Kennedy Center in a variety of different ways moving forward,” she said in an interview. “It is important for us to have somebody who knows the center and who knows and can play the leadership role that we need.”Mr. Rubenstein, a co-founder and co-chairman of the Carlyle Group, a private equity firm, has given the center $111 million over the years. He was initially appointed by former President George W. Bush. We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More