Pittsburgh Symph gets $6.5 million bailout

Pittsburgh Symph gets $6.5 million bailout

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norman lebrecht

March 28, 2017

Three groups have clubbed together to give the struggling orchestra some breathing space.

The Heinz family, long the orchestra’s biggest backer, has pledged a further $5 million.

The Benter Foundation will give $1 million and the Eden Hall Foundation half a million.

Comments

  • Ungeheuer says:

    And next year or next? Unsustainable.

  • William Ford says:

    The article is incomplete. The bulk of the money is for other than operational expenses: “The funding will be used over a five-year period to support the orchestra’s efforts to restructure its business plan, increase earned and contributed revenue, and attain financial stability.” (http://blogs.pittsburghsymphony.org/2017/03/generous-local-foundation-support-helps-pittsburgh-symphony-orchestra-chart-a-new-course-forward/)

  • Barry Guerrero says:

    Exactly what I was thinking!

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