39,560 reasons to invest in the arts...

Theatre Passe Muraille, one of the birthing places for many of Toronto's independent theatre companies, announced yesterday that it finished its fiscal year with a $39,560 surplus. This followed a year when the financially strapped TPM had to call the city of Toronto in for help. Correct me if I'm wrong, but that's pretty impressive.

Even cooler than that is TPM's membership in the Creative Trust program, which will match their surplus to create a Working Capital Reserve Fund. They will continue to match surpluses for the next two years in order to grow this fund. Basically, this translates into the continued success and health of Theatre Passe Muraille and more opportunities for all of us theatre artists (and audiences) here in Toronto.

This is proof, too, that investing in the arts can pay off and that theatres are sustainable. Isn't it nice to hear good news amidst all the economic doom and gloom?

As a thank you to their Toronto audiences, TPM is offering all tickets to their current production, them & us, for $15. For more details on this, click here. To read the whole press release, click here. And, in case you needed one more, here is the story on Torontoist, too.

It's nice to know that there are people out there who believe the arts are worth supporting. And that not all of them are necessarily artists.

All the best to Theatre Passe Muraille for another great year!