THE DETROIT SYMPHONY ORCHESTRA CELEBRATES ARTISTIC HIGHLIGHTS, COMMUNITY IMPACT, AND FINANCIAL SUCCESSES OF THE 2016-17 SEASON AT ITS ANNUAL MEETING
DSO announces new $100,000 endowment gift from the musicians of the Detroit Symphony Orchestra—with one-hundred percent participation—supporting artistic excellence in Detroit
Detroit, (December 14, 2017) – Today at the Annual Meeting of its Governing Members, the Detroit Symphony Orchestra (DSO) celebrated the significant artistic and financial achievements and community impact of its 2016-17 season, which ended on August 31, 2017. Mark A. Davidoff, Detroit Symphony Orchestra Board Chairman and Michigan Managing Partner at Deloitte, opened the meeting, where the DSO announced an operating surplus for a fifth consecutive year, as well looked back to historic milestones, including the DSO’s first international tour in 16 years to Japan and China in July.
“We are now halfway through the Blueprint, our ten-year plan to achieve sustainability,” said Mr. Davidoff. “We continue to make progress towards our objectives, with five straight balanced budgets, increased ticket sales, and incredible support from individuals, foundations, and companies. We also are adjusting course as needed to eliminate risk and to grow and leverage the value of our endowment. I am confident in our ability to meet and surpass the challenges of the next five years.”
At the meeting, DSO President and CEO Anne Parsons announced that the musicians of the Detroit Symphony Orchestra have come together—with one hundred percent participation—to contribute a new, combined gift of $100,000 to the organization’s endowment to support artistic excellence in Detroit. Funds from the gift may be used to support bringing in high-caliber guest artists in future seasons, including conductors and soloists; making digital recordings; commissioning new orchestral music; or creating scholarships for students enrolled in the DSO’s Civic Youth Ensembles.
Ms. Parsons also thanked DSO Music Director Leonard Slatkin and his wife, composer Cindy McTee, who made a $100,000 gift to the endowment in support of a new emerging artists fund, announced last week.
“We are so honored to share this news of endowment support from every one of our musicians and from Leonard and Cindy," said Ms. Parsons. "Their funds to support artistic excellence and emerging artists speak to their passion for Detroit and our collective belief in the bright artistic future of symphonic music. Thank you to all.
“Each of these endowment gifts is designed as a challenge. I am so humbled and grateful to also announce today that we have received our first match. Ric Huttenlocher, Chair of the DSO’s Board of Trustees, and his wife Carola have committed $100,000 towards the musicians’ challenge. Ric has led our Trustees to such great heights these past few years, and his support of our musicians and what they do on stage and in the community is extraordinary. Ric, thank you for all that you continue to do in support of the Detroit Symphony Orchestra.”