A New Brunswick charitable foundation has pledged $125,000 to professional touring dance company Atlantic Ballet Theatre.

The New Brunswick Foundation for the Arts, a group that channels private and public funding to projects that promote the province's arts and cultural life, announced the financial commitment in Moncton Thursday morning.

"This is a recognition, I think, of the hard work we've put in place … over the last six years," ABT founder and CEO Susan Chalmers-Gauvin told CBC News.

"Certainly financially, it gives the organization a significant boost to continue to develop over the next five or six years as well."

Chalmers-Gauvin and Russian-trained artistic director Igor Dobrovolskiy formed the Atlantic Ballet with a goal of establishing a professional dance company based in Atlantic Canada that would create and perform original, contemporary dance productions and tour regionally, nationally and abroad.

The company's credits have since included Figaro, Amadeus, Merlin, Don Juan and Les Portes Tournantes (The Revolving Doors), based on New Brunswick writer Jacques Savoie's novel of the same name.

The funding announced Thursday originates from the New Brunswick arts and heritage stabilization program, which is supported by the federal and provincial governments, the Samuel and Saidye Bronfman Foundation and private sector donors.

ABT plans to use some of the money to help market upcoming programming, which includes touring dates across Atlantic Canada, Quebec, British Columbia, Saskatchewan, Alberta, France and Belgium through March.

This fall, the company is also slated to premiere an original production of Shakespeare's King Lear.