With community support, San Antonio Symphony expects to balance budget

Posted on: March 28, 2018

“The San Antonio Symphony has less than $600,000 left to raise by the end of August to cover its budget for the current season. ‘That’s completely doable,’ said Kathleen Weir Vale, chairwoman of the San Antonio Symphony Society,” writes Deborah Martin in Sunday’s (3/25) San Antonio Express News (Texas). “The symphony, which ran into financial trouble late last year, has raised well over $6 million from all sources for this season…. [Following a] $350,000 challenge grant, which was offered in January … the symphony … more than met that goal, raising $650,000…. The current season was briefly scrapped in January after a plan for the newly formed nonprofit Symphonic Music for San Antonio to take over collapsed. The symphony society, which had managed the symphony for decades, resumed that role and decided to go forward with an abbreviated season following an outpouring of public support, including private donations, the county’s challenge grant and $368,400 from the city…. Mark Tolley, treasurer for the symphony society … expects the symphony to end the season with a balanced budget and a small surplus…. ‘This is not hype, this is not hyperbole—this symphony season looks to be in very good shape,’ … Tolley said.”

Posted March 28, 2018