« Onetime socialite Kluge in bankruptcy protection | Main | Toby Maguire and others sued over poker winnings »

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

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef01538f5c995d970b

Listed below are links to weblogs that reference Philadelphia Orchestra announces millions in gifts:

Comments

Post a comment