In the red: Cleveland Orch posts a $4.2m deficit
mainThe bad news is the deficit is up 75 percent on last year.
The good news is the endowment has grown by almost $20 million, from $173.8 to $192.2 million.
The figures were released last night.
It appears the orchestra lost some big donors in reducing its Miami residency and is taking a calculated hit on a discount scheme to get more students coming to concerts.
Comments