American Ballet Theatre Receives $5 Million Gift for New Works

American Ballet Theatre has announced a $5 million gift from long-time supporters Toni and Martin Sosnoff to fund new works at the company.

The gift will be used to create the Toni and Martin Sosnoff New Works Fund, which will support all new works commissioned by the company, including world and company premieres. The first works supported by the fund will include the early June world premiere of Alexei Ratmansky's On the Dnieper and the company premiere of James Kudelka's D├ęsir.

Martin Sosnoff is the chairman and founder of private investment management company Atalanta/Sosnoff Capital and chair of the investment committee of ABT's board. The couple has supported the company for nearly twenty years.

"ABT has incredible artistic balance: respect for the classics, with a genuine commitment to fostering new works," said Sosnoff. "To keep classical dance relevant for audiences and performers, Toni and I felt that our support would be best used to continue to push the art form."