This fall, the Kansas City Symphony completed its Masterpiece Endowment Campaign, having raised $55 million. The symphony raised $52 million in the quiet phase over four-and-a-half years and $3 million in the final six-month public phase. Gifts ranged from $10 to $10 million. The campaign effort was funded entirely from the organization’s annual operating budget. When the campaign pledges are fulfilled, the endowment will reach $100 million and provide a stable base of funding. The symphony plans to draw 4% annually to support operating expenses and there is no plan to slow fundraising. The symphony currently has an annual budget of $17 million.
“The musicians of the Kansas City Symphony are proud to belong to an organization that follows a vision of institutional growth and artistic achievement,” says Musicians’ Committee Chair Richard Ryan of Local 34-627 (Kansas City, MO). “The completion of our endowment campaign is a prime example of our symphony board, administration, and community working together to ensure that Kansas City has a world-class symphony orchestra now and in the future.”
The symphony has seen record attendance and revenue in recent seasons. Kansas City Symphony musicians, members of Local 34-627, are performing under a four-year CBA that runs through June 2021.