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June 22, 2011
Philadelphia Orchestra announces millions in gifts
"The Philadelphia Orchestra Association has announced an aid package worth a potential $45 million - a substantial start to its $160 million drive to help the orchestra emerge from bankruptcy and become stable.
The funding, announced Wednesday, includes only $11.2 million in outright gifts. The rest is conditional: If the orchestra can raise an additional $17.5 million by the end of 2011, that will trigger matching grants from various sources worth $16.3 million.
Total: $45 million."
Read more here.
June 22, 2011 in Current Affairs | Permalink
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