The Cleveland Orchestra Receives Historic $50 Million Gift from Jack, Joseph and Morton Mandel FoundationBy Logan Martell
The Cleveland Orchestra has announced that its has received a $50 million from the Cleveland-based Jack, Joseph and Morton Mandel Foundation.
This gift is the largest in the orchestra’s 103-year history, and the largest given in the 68 years of the foundation.
The company has announced that $30 million will be dedicated to endowment funds, strengthening its impact in the local and global community, and supporting a Jack, Joseph and Morton Mandel Opera and Humanitarian Festival. Funds will also be allocated towards supporting and expanding their programs, partnerships, digital infrastructure, and new streaming platform, Adella. In recognition of this gift, TCO will rename its main performance space the Jack, Joseph and Morton Mandel Concert Hall, with the building changing names from Severance Hall to Severance Music Center in continuing tribute to founding leader John L.. Severance.
“This unprecedented gift lays the groundwork for The Cleveland Orchestra’s second century, supporting our long-term capacity to offer extraordinary musical performances and inspiring programs while transforming our ability to reach audiences far beyond the physical limits of our building,” President and CEO Andre Gremillet said in a press statement. “Like the Orchestra, the Mandel Foundation combines a global outlook with a deep commitment to the Cleveland community. We will forever be grateful to the Foundation for its extraordinary generosity.
“The Mandel Foundation has made this grant because of the Mandel brothers’ deep commitment to the vitality of Cleveland and a belief in the value of the humanities to shape an enriched spirit of life,” says Mandel Foundation President and CEO Dr. Jehuda Reinharz. “The world-class level of music of The Cleveland Orchestra is the embodiment of both, and with this gift we hope to help ensure that it will be available for generations to come.”