Around the holidays, the desire to gather together grows strong. We hope you feel the MV Film Center (MVFC) is not merely the island’s premier cultural arts gathering place, but also your home away from home.
In just seven years we’ve grown to 2500+ members and 35,000 admissions. MVFC offers over 200 films and special events annually, including six unique film festivals. We also provide several one-of-a-kind live performance series—the Met Opera, London’s National Theater, the Bolshoi Ballet, and Great Art on Screen.
Off-season, MVFC’s role as a community home expands as the Film Society collaborates with dozens of other island non-profits to host special events, speakers, and screenings that enhances community dialogue. It also provides free screenings in cooperation with island schools and clubs. Residents routinely express their gratitude that the film center remains open year-round.
Our state-of-the-art theater at the Tisbury Marketplace is a project that came together fast, without initial capital. We quickly raised $500,000 to furnish the interior and film equipment and partnered with a private developer who paid the building’s construction/design costs. In a matter of four months, we went from groundbreaking to opening our doors. Since our September 2012 grand opening, we’ve proven that our business model is sustainable. Our annual budget has grown from less than $100,000 in 2011 to more than $1 million in 2018, without any debt or losses to speak of.
However, our annual operating surplus does not generate sufficient funds to cover equipment depreciation and allow for a “full-cost” funding of the Film Society. One solution: buy our building. As the owner, we’ll generate up to $68,000 in savings in the first year. If the purchase is made with the aid of a 50% long-term mortgage, savings would be $42,000 annually. A cultural arts organization that owns its primary performance venue is key to its thriving long-term. Control is our shared destiny.
To do this we need your support. We can buy our home for $1.5 million. Your Capital Campaign Gift will go directly to the purchase of the Film Center. Your generosity makes the difference as to whether we purchase the Film Center in 2020 and reduce significantly our annual operating expenses.
I am happy to discuss the project in detail, and a potential gift either by phone or in person. My cell # is 774-392-2972: can we chat soon?