CHICAGO (CBS) — A local arts institution founded by the late Chicago First Lady Maggie Daley might be about at the end, after 20 years.

As WBBM Newsradio’s Mike Krauser reports, Maggie Daley was considered the heart and soul of the Chicago Cultural Center Foundation, and its key to success in bringing in money – at least $700,000 annually from the city alone when her husband, Richard M. Daley, was mayor, according to the Chicago Tribune.

LISTEN: WBBM Newsradio’s Mike Krauser reports

Those funds have since dried up. Now, the Tribune reports, the charity – which has subsidized theatre, film, music and dance projects – is in serious disarray and may end up disappearing altogether.

The paper says the foundation, which once raised $2 million in a single day, has not had a board meeting or a fundraiser in over a year.

The organization no longer has any city subsidy, and more than 1,000 of its members are going without promised benefits, the Tribune reported.

The charity may have died along with its founder, the Tribune reported.

The John D. and Catherine T. MacArthur Foundation, which pledged more than $440,000 in multi-year grants that cover the years from 2010 to 2014, is making contingency plans in case the charity shuts down, the newspaper reported.

Summer Dance and the World Music Festival are among the events the charity has sponsored, the newspaper reported.