User:Claudenw/sandbox/Liberace Foundation for the Performing and Creative Arts

Liberace Foundation for the Performing and Creative Arts

The Liberace Foundation for the Creative and Performing Arts is a nonprofit organization, founded in 1976.

Liberace endowed the foundation with his collection of costumes, automobiles, antiques, art and jewelry, in addition to approximately $4 million in cash. The mission of the Foundation is to manage the Liberace Museum Collection, Liberace brand, likeness and marks, to produce income and donations to support the collection and provide students artistic exposure and scholarships in the creative and performing arts. Licensing fees derived from Liberace intellectual property serve to support the foundation. Liberace considered the foundation to be one of his greatest achievements.

The foundation funded scholarships and grants in excess of $6 million before the Foundation’s endowment fund saw its sunset in 2011. The foundation intends to build a new and sustainable endowment fund supported by brand licensing.