Just in: Baltimore says it is saved by $6m giftsmain
The orchestra and its management seem to have made strides to put the damaging lockout behind them, but there’s still some way to go.
January 14, 2020 (Baltimore, MD) – The Baltimore Symphony Orchestra (BSO) today announced that it has secured $6 million in extraordinary operating gifts as well as a $1.25 million endowment gift in the past month to ensure that it can move forward with the transformative, multi-year planning efforts currently underway. Funds will provide immediate cash flow and balance sheet relief as well as position the Orchestra to embark on a plan that will reinvigorate its programs and establish new levels of engagement with its audiences, the community and the state of Maryland.
These gifts, including a $2 million leadership gift, will enable the BSO to turn the corner towards sustainability. The BSO is exceptionally grateful for generous gifts from long-time friends, Board members and passionate community leaders from greater Baltimore and Montgomery County including Michael & Patricia Batza, Rick Berndt, Barbara & Thomas Bozzuto, George & Anne Bunting, Mary Catherine Bunting, Sandra Levi Gerstung, Patricia & Mark Joseph, Earl & Darielle Linehan, The Joseph and Harvey Meyerhoff Family Charitable Funds, Robert Meyerhoff & Rheda Becker, Judy & Scott Phares, Arnie & Alison Richman, Barry & Susan Rosen, Bruce Rosenblum & Lori Laitman, and George & Betsy Sherman, as well as others, as part of this effort.