The Philadelphia Orchestra announced on June 22 that it has received several large pledges and gifts. Since it filed for bankruptcy in April the orchestra has received $11.2 million from donors, foundations, and the orchestra board. $16.3 million has been promised in challenge pledges if the orchestra can raise $17.5 million more by the end of the year.
Officials from the orchestra are feeling confident and hoping that this trend will continue and allow them to build up their finances.
Full Article: Cash-short Philly Orchestra Announces Big Pledges
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