In Sunday’s (11/13) Sacramento Bee, Edward Ortiz writes, “In its pursuit of greater financial stability, the Sacramento Philharmonic has set a goal of raising $1 million a year in contributed funds the next three years. That amount is larger—by at least 25 percent—than any amount of charitable income the orchestra has raised since 2006. And it will have to be raised in a tough economic climate in a region known to lag in philanthropic giving. ‘It’s a stretch but a worthwhile one,’ said David Nystrom, president of the Sacramento Philharmonic board. ‘That is the amount needed for a long-term, healthy organization. It allows us to grow our endowment and strengthen our balance sheet.’ … At the Philharmonic, meeting the $1 million-a-year fundraising goal will be overseen by Sandy Smoley, former board president and current board fundraising chair. To achieve the goal, Smoley has asked each of the 10 board members to contribute a minimum of $5,000 to the orchestra and to raise an additional $10,000. So far all but two board members have contributed, Smoley said. … Sacramento Philharmonic conductor Michael Morgan also will play his part in the increased fundraising effort.”
Posted November 17, 2011
