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Home » Recent News » Philadelphia Orchestra Receives $55 Million

Philadelphia Orchestra Receives $55 Million


The Philadelphia Orchestra has received an anonymous gift that is one of the largest in the history in the orchestra world. The anonymous gift of $55 million was announced by the orchestra at the beginning of June.

The Philadelphia Orchestra plans to use $5 million toward operating expenses, putting the vast majority, $50 million, toward its endowment. That will bring the endowment total to $212 million and will allow the organization to draw $10.8 million from the endowment next year, compared to its $7.9 million draw this year. 

The anonymous donor group stated that the gift was “an expression of confidence in the artistic and organizational leadership of the orchestra.” The Philadelphia Orchestra’s musicians are members of Local 77 (Philadelphia, PA).

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