Los Angeles Philharmonic Exceeds $100 Million Endowment Campaign Goal

Classic Arts News   Los Angeles Philharmonic Exceeds $100 Million Endowment Campaign Goal
 
The Los Angeles Philharmonic has exceeded its $100 million endowment campaign goal by $10 million, the orchestra has announced.

Begun in July 2002, the campaign finished its unpublicized first phase with $75 million; the second, public phase, begun in 2004, raised another $35 million.

The Walt and Lily Disney Foundation granted a lead gift of $25 million, followed by gifts from the Annenberg ($8 million) and Colburn ($5 million) Foundations. Flora L. Thornton and Carol Colburn Hogel, daughter of Richard Colburn, each gave $3 million. Also posted were 13 constributions of $1 million or more, and 70 between $100,000 and $1 million. The L.A. Philharmonic's board of directors was responsible for the bulk of giving.

Said Philharmonic President Deborah Borda in a press release, "This milestone achievement is one that the entire Los Angeles Philarmonic Association can be proud of."

The endowment enables the orchestra to offer a wide array of concerts in Walt Disney Hall and at the Hollywood Bowl, to provide community programming, to draw performers of the highest caliber and to present special projects, festivals and commissions.

Under music director Esa-Pekka Salonen, the Los Angeles Philharmonic presents 30 weeks of concerts in a regular subscription season at Walt Disney Concert Hall as well as a 12-week summer festival at the Hollywood Bowl.

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