Philadelphia Orchestra announces gifts
The Philadelphia Orchestra Tuesday morning announced some major funding for its $160 million drive to underwrite the bankruptcy process and related costs, operations in the next few years, special projects and endowment.
According to an announcement, the orchestra has recieved $11.2 million from the William Penn Foundation, the Wyncote Foundation, philanthropist Gerry Lenfest, the Neubauer Family Foundation and an unspecified number of orchestra board members. The orchestra says it has another $16.3 million in matching offers that will require the group to identify an additional $17.5 million by the end of 2011.
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%0D%0A%20%20According%20to%20an%20announcement,%20the%20orchestra%20has%20recieved $11.2%20million%20from%20the%20William%20Penn%20Foundation<%2Fa>,%20the Wyncote%20Foundation<%2Fa>,%20philanthropist%20Gerry%20Lenfest<%2Fa>,%20the%20Neubauer%20Family%20Foundation%20and%20an%20unspecified%20number%20of%20orchestra%20board%20members.%20The%20orchestra%20says%20it%20has%20another%20$16.3%20million%20in matching%20offers that%20will%20require%20the%20group%20to%20identify%20an%20additional%20$17.5%20million%20by%20the%20end%20of%202011.<%2Fspan>%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Fphiladelphia-orchestra-announces-gifts%2F" target="_blank" class="email" data-post-id="18781" type="icon_link">
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