The gift from the stars gives the Company of Fools a permanent space where the theatrical company has performed since 1996, according to The Hollywood Reporter.
The duo bought the historic movie house in 1995 with the idea of transforming it into a live performance space.
The next year, they encouraged friends Rusty Wilson and Denise Simone to relocate their theater company to Idaho to perform on the Liberty's thrust stage.
Moore and Willis are longtime supporters of the Wood River Valley.