The Philadelphia Orchestra Announces Pledges of Major Funding from Key Civic Leaders and Organizations

The Philadelphia Orchestra Announces Pledges of Major Funding from Key Civic Leaders and Organizations

To preserve and extend the vitality of this internationally recognized ensemble as well as to assist The Philadelphia Orchestra in successfully emerging from reorganization, several Philadelphia-based charitable organizations and philanthropists have made generous pledges of leadership funding.

PHILADELPHIA,June 22, 2011 /PRNewswire/ -- The Philadelphia Orchestra announced today major funding pledges from the William Penn Foundation, Wyncote Foundation, Gerry Lenfest, the Neubauer Family Foundation, and members of the Board of The Philadelphia Orchestra Association. With $11.2 million in outright gifts and pledges and an additional $16.3 million pledged as challenge grants to inspire philanthropic support from our community, this initial funding signals an important vote of confidence in the plan being launched by the Orchestra. To fully meet these challenge grants - and to fund the first three years of its plan - The Philadelphia Orchestra must secure an additional $17.5 million in contributions by the close of 2011. This effort will take place concurrently with the Orchestra's Annual Fund campaign.

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The announcement of these leadership funding gifts and pledges comes two months after The Philadelphia Orchestra Association filed for reorganization in U.S. Bankruptcy Court and four weeks after the launch of "Listen with Your Heart" - an initiative aimed at inviting public support and growing ticket sales as well as fundraising for the Orchestra. The Philadelphia Orchestra is diligently working through the reorganization process to lay the foundation for long-term financial health and stability.

"We are deeply grateful to the William Penn Foundation, Wyncote Foundation, Gerry Lenfest, the Neubauer Family Foundation, as well as members of our Board of Directors, for their extraordinary generosity toward The Philadelphia Orchestra," said Allison Vulgamore, president and chief executive officer of The Philadelphia Orchestra Association. "Their leadership and support within the philanthropic community is unparalleled and we are honored by their renewed belief in our ensemble's incomparable musical artistry as well as our plan to regain our long-term financial stability. These gifts provide significant momentum for our ongoing fundraising efforts. And as we turn our attention toward the future, we do so with confidence knowing that our plan to move The Philadelphia Orchestra forward with vision and purpose has the support of such outstanding civic leaders."

In accordance with the protocol of the funders, specific details of these gifts, beyond the total of matching funds available, will not be released. As additional major gifts are secured throughout this fundraising effort, The Philadelphia Orchestra will provide updates to its patrons and the general public.

"From the appointment of Yannick Nezet-Seguin as Music Director Designate and the $15.3 million Recovery Fund raised by our Board of Directors and our community in 2010, to the recent unveiling of the first phase of our strategic plan, we have taken important steps to secure a sound and exciting future - artistically and fiscally - for The Philadelphia Orchestra," said Ms. Vulgamore. "These newly announced gifts, pledges, and challenges not only bolster our confidence and drive our continued efforts to secure the renaissance of this beloved ensemble, but also demonstrate an exceptional commitment to the advancement of the Orchestra for today's audiences and for generations to come."

To learn how to support The Philadelphia Orchestra through tickets sales, subscriptions or a donation, please visit www.philorchtoday.org. For more information regarding The Philadelphia Orchestra, its current concert season and its history, please visit www.philorch.org.

About The Philadelphia Orchestra

The Philadelphia Orchestra is among the world's leading orchestras. Renowned for its artistic excellence since its founding in 1900, the Orchestra has excited audiences with thousands of concerts in Philadelphia and around the world. With only seven music directors throughout more than a century of unswerving orchestral distinction, the artistic heritage of The Philadelphia Orchestra is attributed to extraordinary musicianship under the leadership and innovation of Fritz Scheel (1900-07), Carl Pohlig (1907-12), Leopold Stokowski (1912-41), Eugene Ormandy (1936-80), Riccardo Muti (1980-92), Wolfgang Sawallisch (1993-2003), and Christoph Eschenbach (2003-08).

After 30 years of a celebrated association with The Philadelphia Orchestra, Charles Dutoit currently continues the artistic heritage and tradition of artistic distinction as chief conductor. Yannick Nezet-Seguin joined the Orchestra's leadership team as music director designate in June, 2010, and takes up the baton as The Philadelphia Orchestra's next music director in 2012.

The Philadelphia Orchestra annually touches the lives of countless music lovers worldwide, through concerts, presentations, and recordings. Each year the Orchestra presents a subscription season at the Kimmel Center for the Performing Arts, education and community partnership programs, and annual appearances at Carnegie Hall and the Kennedy Center; it also regularly tours throughout the world. Its summer schedule includes performances at the Mann Center for the Performing Arts, free Neighborhood Concerts throughout Greater Philadelphia, and residencies at the Bravo! Vail Valley Music Festival and the Saratoga Performing Arts Center. For more information on The Philadelphia Orchestra, please visit www.philorch.org.

SOURCE Philadelphia Orchestra Association

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Philadelphia Orchestra Association

CONTACT: Katherine Blodgett, Vice President, Public Relations and Communications, +1-215-893-1939, kblodgett@philorch.org

Web Site: http://www.philorch.org

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