For the second year in a row, The Detroit Symphony Orchestra (DSO) ended its fiscal year in the black, with a small surplus of $60,000. Subscription numbers increased across all series, with a total of 13,760 subscriptions sold. Overall ticket sales increased as well, with revenue $200,000 higher than last season.
“We are pleased with the financial as well as artistic integrity of our DSO,” says Local 5 (Detroit, MI) President George Troia. On the fundraising side, the number of people who donated to the orchestra grew, and those individual donors gave a total of $5.4 million. Market appreciation and new gifts raised the endowment by $10 million, to $38.6 million.
DSO remains committed to audience engagement, with its live webcasts reaching an international audience of more than 500,000 people, more than any orchestra in the world. Its education program serves more than 20,000 children in Detroit. It will be expanded into seven suburban communities next season through the support of Clyde and Helen Wu. The program will be renamed the Wu Family Academy for Learning and Engagement.
At its annual meeting in December, DSO announced that Music Director Leonard Slatkin and President and CEO Anne Parsons have renewed their contracts through the 2016-2017 season.