"It's definitely something we'd be interested in," Outwater said of the fund.
Jessica L. McBee '92, former president of the Mozart Society Orchestra, said her group could also use assistance from the new fund in moving from Paine to Sanders as a regular performance site.
"Costs [at Sanders] are prohibitive. Within the next year or two we'd be interested [in the fund]," McBee said.
Demong said she would like to see the fund increased yearly to offset any rent increases.
Though students have been critical of HRE for increasing Sanders performance costs, Demong said her organization is trying to help student groups use the space.
"One of the reasons that we have outside performers is to subsidize students," Demong said. "We've always wanted to do it, we've just never had the funds.
"We're delighted to be a partner in this," she added.