Charlotte Symphony buoyed by pair of million-dollar gifts

Posted on: September 16, 2009

In Tuesday’s (9/15) Charlotte Observer (North Carolina), Steven Brown writes, “The Charlotte Symphony’s struggle for financial security was transformed today by a pair of $1 million donations from two of Charlotte’s leading families. One of the contributions comes from Hugh and Jane McColl, the other from the Spangler family through the C.D. Spangler Foundation. … The orchestra has been fighting deficits since 2002. It’s in the midst of a $1.77 million fund drive meant to help balance its budget this season and to make up for a cut in its Arts & Science Council funding. Before the McColl and Spangler gifts, the orchestra was about two-thirds of the way toward its goal. The orchestra’s board pledged $510,000, and an anonymous donor promised $500,000 if other contributions match it by Dec. 31. About $143,000 of matching donations have come in, executive director Jonathan Martin said Tuesday. … Earlier Tuesday, the Arts & Science Council said it will give the orchestra $900,000 this season if the orchestra meets the $1.77 million goal of its fundraising campaign by January. Otherwise, the orchestra will receive $575,000.”

Posted September 16, 2009