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North Carolina Symphony Meets Challenge, Raises $8 Million in Community Support

Thanks to the support over the past 12 months from more than 3,900 individual and corporate contributors, as well as ticket buyers statewide and attendees at a successful June 8 benefit concert featuring Branford Marsalis, the North Carolina Symphony has reached its $8 million goal and met the challenge offered by the North Carolina legislature for the 2009-10 season. The Symphony generated $8,044,000 in earned and contributed income for the season.

Reaching the $8 million threshold means that the organization has qualified for the full $1.5 million challenge grant appropriated as a part of the state legislature’s 2009-10 budget. In combination with significant expense reductions that shrunk the organization’s budget from an original plan of $14.1 million to $11.6 million, the Symphony has successfully reduced its total debt by nearly $1 million compared to one year ago. The Symphony’s fiscal year ended on June 30.

“We are delighted to celebrate this milestone with all of our supporters,” says North Carolina Symphony President and CEO David Chambless Worters. “In helping us meet this $8 million challenge, they have proven how much the people, communities and businesses of North Carolina value the Symphony’s place in their state’s cultural life.”

During the Symphony’s 2009-10 season, contributed income from individual gifts and corporate sponsorships increased from $2.34 million in 2008-09 to $3.15 million. Included in the $3.15 million raised in 2009-10 is the $147,000 in total income from the Branford Marsalis benefit concert evening.

The achievement comes as the Symphony prepares for its 2010-11 concert season. Highlights include guest performances by global piano superstar Lang Lang and audience favorites Pink Martini, Cirque de la Symphonie and Marvin Hamlisch. The orchestra is also entering into its first-ever collaboration with the PlayMakers Repertory Company for a new hybrid production of Sir Peter Shaffer’s play Amadeus with live music.

Along with concerts held in the Symphony’s home venue, downtown Raleigh’s Meymandi Concert Hall, the orchestra will perform regular series in Chapel Hill, Fayetteville, New Bern, Southern Pines and Wilmington, as well as single events and educational concerts throughout the state.

For complete information, visit the North Carolina Symphony Web site at www.ncsymphony.org or call 919.733.2750 or toll free 877.627.6724.

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