Wednesday, May 24, 2017

Symphony gets $500k challenge grant

The Richmond Symphony has received a $500,000 grant from the Cabell Foundation, contingent on the symphony raising a matching sum in new and increased donations over the next 12 months.

The one-to-one grant from the Cabell Foundation, a longtime supporter of the orchestra, “gives the symphony a powerful tool to leverage new and increased funding from those who wish to support our growing commitment to artistic excellence and the Richmond community,” said David Fisk, executive director of the symphony.

Upon completion of the challenge, the foundation will give $500,000 to the Richmond Symphony Foundation, increasing the Cabell Fund for Artistic Excellence to $1 million. The fund supports recruitment and retention of musicians and administrators.

The matched funds the symphony raises will help support projects in its 60th anniversary 2017-18 season and initiatives and programs associated with the orchestra’s 2020 Strategic Plan.