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May 08, 2015

Cincinnati Symphony to Add Players After Topping Gift Goal

The Cincinnati Symphony Orchestra, which contemplated a drastic downsizing six years ago after nearly running out of cash, now plans to expand on the back of a successful capital campaign and a new contract with musicians, The Cincinnati Enquirer and The New York Times write. Officials announced Thursday that the organization raised $26 million over 14 months, 30 percent above the campaign target.

The orchestra's turnaround began with a 2009 gift from the late Cincinnati arts patron Louise Nippert, who donated $85 million to support classical music in the city. Musicians, who took hefty pay cuts six years ago, will effectively see annual raises of 3 percent over the course of a new five-year deal, and their number will grow from 76 to 90. The orchestra's endowment has grown from $56 million in 2009 to $136.9 million today.