CSO to receive rest of 900K ASC grant
The Arts and Science Council is giving the remaining $375,000 of its annual grant to the Charlotte Symphony. The money comes after the symphony spent months trying to demonstrate it could raise money it needed to balance its books. Last week, the symphony announced it raised the nearly $1.8 million that will lay the groundwork to staying in the black. Yesterday the ASC said it will give the remainder of its $900,000 allocation to the symphony. Symphony Executive Director Jonathan Martin says the organization is very grateful, but it's not out of the woods yet. He says, "We are a long way from having met every challenge that's in front of us. This is sort of a one down 200 to go. What we've got to now focus our attention on is building a much broader base of annual operating support." Martin says the CSO is reaching out to non-symphony goers and is increasing its fundraising goals significantly. Before the fiscal year started in July, the ASC told the financially precarious symphony to balance its budget or else it would drastically cut its allocation.