Indianapolis Symphony hits $5 million fundraising goal, launching new musicians’ contract

Posted on: February 4, 2013

In Sunday’s (2/3) Indianapolis Business Journal, Dam Human reports, “The Indianapolis Symphony Orchestra has exceeded its $5 million fundraising goal, an achievement that clears the way for musicians’ long-term employment contracts to kick in. More than 70 performers had been working under a bridge agreement since a five-week lockout ended in October. At the time, the parties agreed that a new, five-year contract would go into effect only if the symphony could raise $5 million by Feb. 3. Meeting the ambitious goal required the ISO to raise almost as much in three months as it typically raises in a year. The ISO was far behind in January, but a last-minute rush in donations appears to have helped the organization hit its goal and avoid having to return to negotiations with musicians. … By reaching the $5 million goal, the ISO qualified for a $2 million grant from the Lilly Endowment. That money will be used to renovate the aging Hilbert Circle Theatre and ramp up marketing to reach new donors.”

Posted February 4, 2013