THE PITTBURGH CULTURAL TRUST
2010 Annual Report
SETTING THE STAGE
FOR THE NEXT QUARTER CENTURY
Page 3 > The Pittsburgh Cultural Trust did NOT experience a deficit in 2010. This year,
the Trust raised in excess of $11 million (compared with $8.4 million in 2009)
Page 3 > Trust programming had a strong year in terms of offerings & attendance.
Pittsburgh Dance Council saw a 10% increase in subscriptions.
Page 5 > 2010 was one of the best-selling years on record for PNC Broadway Across
America-Pittsburgh
Page 7 > The Broadway League ranks Pittsburgh in the top 5 U.S. markets for touring
Broadway productions.
Page 5 > The Trust makes the strategic acquisition of the 119 Sixth Street property
(formerly Bally's Total Fitness) for future use.
Page 5 > Dollar Bank becomes a multi-year Presenting Sponsor of Three Rivers Arts
Festival.
Page 26 > Since its inception in 2005, the Trust's Corporate circles Board has helped
to increase overall corporate giving by 44%.
Page 26 > Individual Support increased 16% compared with 2009 giving levels.
Page 26 > First Night Pittsburgh garnered the most financial support in the history of the
event.
Page 25 > Pittsburgh Cultural Trust statement of Financial position December 31, 2010
Total Assets = $150,674,185.
NET ASSETS
Unrestricted 89,695.334
Temporarily Restricted 3,075,652
Permanently Restricted 32,325,223
Total Net Assets 125,096,209
Total Liabilities & Assets 150,674.185
NET ASSETS
Beginning of year 120,465,579
End of year 125,096,209
Page 38 > The Trust Executive Office
J. Kevin McMahon, President & CEO
&
Rosemary Sirianni, Executive Assistant
