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.
We hear that Stephen Rose, former head of…
There have been some irreparable losses. Germany mourned…
The steady departure of cherished professors at the…
The prolific international conductor Michael Tilson Thomas, diagnosed…
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And next year or next? Unsustainable.
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/)
In other words, it will pay for a succession of consulting firms to draw up nonsensical strategies.
Exactly what I was thinking!