Musicians of the Charlotte Symphony Orchestra in performance.
In last Thursday’s (4/4) Charlotte Observer, Adam Bell writes, “The Charlotte Symphony Orchestra said it is solidifying its financial future with an ambitious $50 million fundraising campaign to solve an issue that has bedeviled it for decades—ensuring the stability of its endowment. On Wednesday, the orchestra unveiled details of the campaign, which already had quietly raised $41 million. That includes $10 million each from Bank of America and the C.D. Spangler Foundation, and $5 million from Knight Foundation. Between that fundraising and ongoing community support, orchestra leaders said the nonprofit will be more financially sound now than at any other time in its 92-year history…. Said orchestra president and CEO David Fisk, ‘It’s giving us future stability in a way that we’ve never been able to enjoy before.’ Rather than have an endowment approximately the size of the orchestra’s general operating budget—about $12.5 million—the infusion of money will elevate the endowment to over $50 million … That will … help further expand the CSO’s work in the community and enhance its efforts to provide innovative and diverse local programming.”
