"Silicon Valley's global profile as a center of technology innovation has never been accompanied by a reputation for artistic achievement.
That's changing in 2013 - if Silicon Valley business leaders come to understand that nurturing culture is a key to growth.
One engine of the change we seek is tucked into the hills of Saratoga, at the Montalvo Arts Center. Montalvo is launching a $50 million campaign to secure its future as a cultural institution and incubator, where artists conduct residencies and engage Silicon Valley residents through educational programs."
"The arts particularly struggle in Silicon Valley...Few institutions have been able to raise an endowment so that investment income can guarantee a baseline of revenue, a nonprofit's holy grail.
Montalvo Arts Center has made a breakthrough. Local philanthropists Sally and Don Lucas have pledged $10 million - an amount that would turn heads even in San Francisco, and the largest gift ever to a South Bay arts organization. With an additional $5 million from Charmaine and Dan Warmenhoven, Montalvo has a good start toward its goal of $50 million, most of it for an endowment."