Selby Gardens raises $40M for next phase of redevelopment

Having reached 66% of its capital campaign goal, Marie Selby Botanical Gardens, a major tourist attraction in downtown Sarasota, has announced it is moving ahead with Phase 2 of its master plan for its main campus. 

The capital goal for Phase 2 is $60.9 million of which $40.3 million has been raised. Selby Gardens has so far raised $103 million toward both the recently completed Phase 1 and Phase 2, including nearly $8 million for endowment, with 99% percent of all funds from private philanthropy. The total includes a $15 million commitment from an anonymous donor.

“We are extremely grateful to everyone who has supported the new realization of Selby Gardens thus far, making our vision a reality,” says Selby Gardens Board Chairman Joel Morganroth in a statement. “Together, we are cultivating vital green space in Downtown Sarasota that will inspire future generations and celebrate the wonders of nature.