Strong showing in St. Louis Symphony’s fiscal report

Posted on: September 28, 2012

In Wednesday’s (9/26) Post-Dispatch (St. Louis, Missouri), Sarah Bryan Miller writes, “The news is mostly good in the St. Louis Symphony Orchestra’s fiscal year 2012 report. Released Tuesday, the report cites the highest ticket revenues since 2000, higher attendance numbers, more contributions toward operating costs, a new contract with musicians and the successful European tour. On the less cheery side, the operating deficit remained the same as in 2011, at $2.8 million. However, this year’s deficit was, as in prior years, covered by ‘stop-gap funding’ specifically raised for the purpose. SLSO president and CEO Fred Bronstein characterized the orchestra’s outlook as ‘a marathon, maybe, as compared with a sprint. We’re taking a long-term approach.’ … Music director David Robertson and management have also agreed on an extension of Robertson’s contract, which currently runs through 2013-14; the length of the extension has not yet been decided. … Contributions are up, to $18.7 million. The SLSO gala netted $579,000, grants came to $3.5 million and other contributions all increased significantly. The endowment is in improved shape as well, following the market, at $130.8 million, up from $127.3 million in fiscal year 2011.”

Posted September 28, 2012