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KeyCorp Gives $1 Million To The Idea Center At Playhouse Square
KeyCorp Gives $1 Million To The Idea Center At Playhouse Square
Published 03-19-04
Submitted by KeyBank
Key's grant is the first major funding received by Playhouse Square and ideastream since the organizations announced their joint venture to redevelop the One Playhouse Square Building into ideastream's headquarters and a shared educational center. When complete, the building where legendary DJ Alan Freed reportedly first uttered the words "rock and roll" will become a bustling center of activity housing 150 full and part time ideastream employees currently located in separate broadcast facilities.
Aside from immediate economic benefit to both organizations, the integrated setting will invite endless opportunities for creative collaboration among talented educators, artisans, producers and media professionals within a fully equipped digital environment. Visitors to the Idea Center at Playhouse Square will experience the "messy vitality" defining the excitement of backstage performing arts and studio atmospheres.
Funding by Key also supports Playhouse Square and ideastream's first joint educational programming and expansion of arts education programs and efforts to enhance the two organizations' educational outreach activities, supporting students, families, educators and community leaders statewide and beyond. These advancements will result from a new technology platform that will feature state-of-the-art distance learning tools and capabilities enabling the interactive participation of groups and individuals nationwide.
More specifically, Key is underwriting a three-year, $250,000 pilot program initiated by Playhouse Square and ideastream that will engage middle school, high school and college students as well as civic and community leaders in activities addressing financial literacy and workforce development. Educational components will include career explorations into various aspects of running theaters and/or broadcast productions; dialogues on such topics as "how to sustain yourself when waiting for your big break"; and talkback sessions with nonprofit leaders about the challenges and rewards of managing a successful arts or media nonprofit organization. These programs will then be packaged so others may benefit through their use.
Margot J. Copeland, executive vice president and chair of the Key Foundation, envisions the Idea Center at Playhouse Square as a national model for educational outreach and more.
"A thriving arts and cultural sector often distinguishes truly great communities," says Copeland. "There's just no substitute for the kind of economic, educational and social vitality organizations like Playhouse Square and ideastream nurture.
"Here in Cleveland, we're fortunate to have Playhouse Square and ideastream as role models in partnership and innovation. The Idea Center at Playhouse Square will offer boundless opportunities to touch lives and deliver unique human experiences that bring people and communities together."
Playhouse Square
Playhouse Square Center is the second largest performing arts center in the nation. Setting the industry standard for arts integration, Playhouse Square strives to produce and present the best in performing arts to benefit all citizens by providing exemplary educational programs. It also strengthens the economic development of the region by making the downtown Cleveland Theater District a superior location for the arts, learning, business, and living.
ideastreamssm
ideastream is a multiple-media public service organization with a mission to strengthen our communities by providing distinctive, thought-provoking programs and services that enlighten, inspire, educate and entertain. The organization was formed by the merger of public broadcasting stations WVIZ/PBS and 90.3 WCPN/NPR in July of 2001. The organization operates public television and radio stations in Cleveland with an audience of some 2.8 million viewers and listeners, an Educational Service group serving schools with nearly one half million students, and manages the Ohio Public Television and Radio Statehouse News Bureau and Ohio Government Telecommunications in Columbus. For more information about ideastreamsm, contact Eugene Sasso, 216.739.3869, gsasso@wviz.org.
KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $84 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through KeyCenters and offices; a network of nearly 2,200 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com,® that provides account access and financial products 24 hours a day. Contact Key Foundation Senior Program Officer Quentin McCorvey at 216.689.5505, or quentin_mccorvey@keybank.com, for more information about corporate grants.
Note to Editors: For up-to-date company information, media contacts and facts and figures about Key lines of business, visit our Media Newsroom at Key.com/newsroom.
KeyBank
KeyBank
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $176.2 billion at March 31, 2021. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,100 branches and more than 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
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