“The ASO finished the 2014-15 season with a surplus, reversing a slide of 11 consecutive years of deficits,” writes Howard Pousner in Thursday’s (7/16) Atlanta Journal-Constitution. “Though final fiscal 2015 figures will not be known until later this summer when financial records are complete for the Woodruff Arts Center—the nonprofit entity over the ASO, Alliance Theatre and High Museum of Art—Woodruff spokesman Randy Donaldson said early numbers show revenues exceeding expenses by a ‘solid six figures.’ ASO musicians, who went nine weeks without pay during the [2014] lockout, will share 22 percent of the surplus, per the four-year collective bargaining agreement that was hammered out in November…. The Woodruff also is revealing … that $13.3 million has been raised in the ASO’s Musicians’ Endowment Campaign in just seven months toward its $25 million goal…. Interim President and CEO Terry Neal called the orchestra’s improving financial picture ‘gratifying. But more work remains to be done to achieve long-term financial stability.’ … ‘There are many of us who are encouraged by the new ASO board leadership who are determined to (make the orchestra) relevant for many generations to come,’ said ASO associate principal cellist Daniel Laufer.”
Posted July 16, 2015
Pictured: Atlanta Symphony Orchestra Music Director Robert Spano conducts the National Anthem on opening night of the delayed 70th-anniversary season in 2014-15. Photo by Jeff Roffman
