4Friday: Brighter Futures for Orchestras
More and more orchestras are reporting fiscal surpluses and brighter financial futures. What an incredible turnaround from the Great Recession of 2008! Here are 4 examples:
Indianapolis Symphony is reporting a whopping $900,000 budget surplus, its third consecutive surplus. Congratulations, Indianapolis! Source: http://www.ibj.com/articles/56105-symphony-reports-third-straight-annual-budget-surplus
In addition to the Gaillard Center, a beautiful new concert hall, the Charleston Symphony is reporting a $500,000 increase in revenue. Santa has been especially good to this orchestra! Source: http://www.charlestonbusiness.com/news/56305-new-gaillard-projected-to-boost-orchestra-rsquo-s-revenue
Detroit Symphony Orchestra is $30,000 in the black, partly thanks to a 1.6% increase in subscription revenue. Merry Christmas, Detroit! Source: http://www.freep.com/story/entertainment/music/2015/12/10/dso-names-mark-davidoff-board-chairman/77098312/
The Cleveland Orchestra is on a 3 year surplus run. Even though this year's surplus of $72,000 isn't comparable to last year's $941,000 surplus, it's still a much brighter side of the road to be on, compared to the multi-million dollar deficits of just a few years ago. Way to go, Cleveland! Source: http://www.cleveland.com/musicdance/index.ssf/2015/12/cleveland_orchestra_reports_su_1.html
Bonus: Minnesota Orchestra
The labor disputes between 2012-2014 in the Minnesota Orchestra were particularly bitter. But with news of a balanced budget thanks to a final $250,000 from The Musicians of the Minnesota Orchestra nonprofit group, hopefully this is a sign of good things - and great music - to come. Congratulations, Minnesota! Source: http://www.startribune.com/minnesota-orchestra-balances-budget-receives-250-000-gift-from-musicians-group/360133081/
4Friday is a weekly series where I share 4 musical items that I found interesting in the week, ranging from songs to videos to newsworthy items. To get your copy of 4Friday, be sure to subscribe.
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