Buffalo Philharmonic balances budget for fiscal 2013-14

Posted on: January 15, 2015

“Both on and off stage, the Buffalo Philharmonic Orchestra had a banner year,” writes James Fink in Wednesday’s (1/14) Buffalo Business First. “According to the just-released ‘Report to the Community,’ which covers the orchestra’s 2013-2014 fiscal year, the orchestra finished with a significant increase in ticket sales and performed to approximately 200,000 people while seeing its endowment fund surpass the $32 million mark. The BPO’s fiscal year ended on Aug. 31, 2014…. Ticket sales during the 2013-2014 season topped the $3.367 million mark.… As recently as the 2010-2011 season, the BPO sold $2.2843 million in tickets…. The 2013-2014 season saw the BPO release four discs, conduct a successful six concert tour in Florida and make its debut at Richardson Hall” in Princeton, N.J. “This marked the ninth year out of the past 10 that the BPO finished the season with a balanced budget of slightly more than $10 million…. The BPO’s [endowment] fund has exceeded the $32 million mark, with another $10 million pledged for future years. The orchestra has a $50 million endowment goal that it wants to achieve within the next few years.”

Posted January 15, 2015