Major three-year gift to ensure San Antonio Symphony survival

Posted on: June 8, 2012

Wednesday (6/6) on the San Antonio Express-News online (Texas), David Hendricks reports, “San Antonio billionaire and Rackspace Hosting Inc. Chairman Graham Weston on Wednesday held a press conference to announce a gift to the San Antonio Symphony.” The amount of Weston’s gift has not yet been disclosed, but the article stated that “his personal gift will be phased in over three years, starting with the 2012-13 season. Even symphony officials don’t know the amount yet. Weston hinted at a goal of helping to assure the financially struggling symphony survives until it moves to the Tobin Center for the Performing Arts, which is under construction, from the symphony’s current Majestic Theatre home. ‘I believe there is not a great city in the country that doesn’t have a thriving symphony,’ Weston said. ‘It is the cornerstone of the arts community.’ … The symphony entered its 2011-12 season with a $750,000 deficit … having already spent $335,000 in advance season ticket sales. Symphony President Jack Fishman said the organization does not know yet if the symphony will finish its current fiscal year, ending Aug. 31, in the red or the black because it is still trying to raise money.”

Posted June 8, 2012