Charlotte Symphony makes progress on deficit

Posted on: June 16, 2010

In Tuesday’s (6/15) Charlotte Observer (North Carolina), Steven Brown writes, “The next two weeks of summer concerts could affect the results, but the Charlotte Symphony expects to end its season with its smallest deficit in years. The group is likely to have a shortage of about $200,000 when it concludes its fiscal year June 30, executive director Jonathan Martin said Tuesday. The orchestra’s expenses for the season will come out to about $7.8 million. Having another deficit ‘may not sound great,’ Martin said. ‘But if you compare it to the past couple of years, it’s enormous progress.’ … Martin spoke shortly before the orchestra’s annual membership meeting early Tuesday at the Knight Theater. … On July 1, former N.C. Gov. Jim Martin—a former tuba player in the orchestra—begins a two-year term as chairman of the orchestra’s board. During that time, he said after the meeting, the orchestra will launch an endowment campaign aimed at raising $25 million.”

Posted June 16, 2010