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The Friends of the Fortune group recently made the call to wind up the organisation and give its residual funds to Stage South and the Globe Theatre.
Friends of the Fortune secretary Moira Styles said the aim of the group had been to support the theatre as a physical entity and so there was no longer a need for it.
"With the formation of Stage South and the productions that will be done next year and into the future, shows will be happening all over Dunedin,'' she said.
This was a good thing, but it would be difficult for a group such as hers to be involved.
"However, I'm sure that individuals will still be very keen to volunteer and support productions,'' she said.
Friends of the Fortune president Tess Gilfedder said the 100-strong group had enjoyed a long and close relationship with the Fortune, providing volunteer ushers, selling ice creams, catering for special occasions and raising funds.
"The Fortune was a quirky building, a wee bit shabby but with lots of character,'' she said.
"And there were some fabulous shows there over the years - we will miss it.''
Ms Styles said the recent Farewell to the Fortune gala shows were a good opportunity for Friends members to come together and celebrate the theatre.
• A final informal get-together and farewell function for past and present Friends members and Fortune staff will be held on Friday, November 23, from 5.30pm at the Rope and Twine (formerly Robbies), at 67 Macandrew Rd, South Dunedin.