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Los Angeles Philharmonic Receives $20 Million

The Los Angeles Philharmonic will receive $20 million from technology entrepreneur and philanthropist David Bohnett. The gift is the second largest in the orchestra’s history. It was made in honor of Los Angeles Philharmonic President and CEO Deborah Borda. Half of the gift, $10 million, will be used to endow the presidential chair, and the other half will be used to launch the David C. Bohnett Presidential Fund for Innovation and Discovery, which will help the orchestra explore ideas for engagement of new audiences.