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In 2014, the Peabody Auditorium Foundation, a 501(c)(3) not-for-profit organization, was established. The Foundation operates as a partner, but independently, of the City of Daytona Beach owned and operated Peabody Auditorium.
The mission of the Peabody Auditorium Foundation is to support the Peabody Auditorium through advocacy and fundraising to ensure a financially stable future for a culturally rich environment.