Stoops Family Foundation Donates $1 Million To Kravis Center’s Capital Campaign

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Julia Duresky/CAPEHART

Staff report

The Stoops’ affinity for the Kravis Center dates back to when their daughter played the rat in the Nutcracker on the West Palm Beach performing arts center stage.

Now, Jeffrey Stoops and his wife Aggie have donated $1 million to the Raymond F. Kravis Center for the Performing Arts’ Capital Campaign, Kravis 2020: The Future is Now through their family foundation.

“Our involvement goes way back,” Jeffrey Stoops said. “We have grown up with the Kravis Center as a family.”

In addition to his daughter dancing on the stage, his family has attended many shows and performances and he has served on the board for the past six years.

Currently, Stoops serves as the Kravis Center Board Treasurer. He has also served as Chairman of the Finance Committee, Chairman of the Corporate Partners Executive Committee, and on the Governance/Nominating, Investment and the Kravis 2020 Committees.

“It is just a fabulous organization,” the Delray resident said. “We have such great memories.”

So when the center and board decided it was time to go through a refresh after 25 years, a capital campaign was launched to help fund the renovations.

“We are so grateful for this generous gift and for their ongoing support,” said Judith Mitchell, Kravis Center CEO. “The Stoops family has a truly remarkable commitment to philanthropy and to the needs of the community.”

The Kravis 2020: The Future is Now Capital Campaign will fund the renovation and expansion of the Kravis Center’s campus to enhance the customer experience for the over 500,000 people who attend events at the Kravis Center each year.

The project will increase the size of the Dreyfoos Hall Lobby, create a welcoming, pedestrian-friendly plaza opening onto Okeechobee Boulevard, add a new valet parking garage, add a new entrance/exit ramp to the existing garage for self-parking guests, and will improve the overall traffic flow on and around the 10-acre campus.

The project is expected to be completed in the spring of 2020 and will be funded through donations. Interruptions in the performance schedule are not anticipated.

“We have the ability to give back and the need is now,” Stoops said.

Stoops is President and Chief Executive Officer of SBA Communications Corporation. Based in Boca Raton, Florida, SBA owns and operates almost 30,000 wireless communications sites in 13 countries across the Western Hemisphere, employing approximately 1500 people.

SBA is a member of the S&P 500 and one of Florida’s largest public companies by market capitalization. The company supports a variety of causes and organizations and is a supporter of the Kravis Center’s Annual Campaign as well as a sponsor of the annual Gala.

Stoops said the Kravis Center means a lot to the county and to the adult patrons, but it is even more meaningful to the younger population.

He said the venue welcomes 60,000 students every year to enjoy productions.

Recently, he saw 400 students come to a show and their faces lit up when they saw the theater.

“For many of those kids, it’s their first experience in a theater, certainly of a caliber of the Kravis,” he said.

He said it was pretty neat to see the kids’ expressions.

“We manage the finances pretty carefully and every thing is run to fund the education programs,” he said.

The $1 million donation from the Stoops came from the Stoops Family Foundation, which the family formed in 2013 to help organize their charitable activities and get their four children involved in philanthropy. Through the Foundation, they support a variety of causes focused primarily on children’s services, health care, social services and the performing arts.

“Our love of the Kravis goes all the way to when our daughter played the Rat in the Nutcracker,” Stoops said. “It goes all of the way back to that.”

For more information about the Kravis 2020: The Future is Now Capital Campaign, visit kravis.org/kravis2020 or call 561.651.4273