The Silicon Valley Community Foundation has awarded the Philadelphia Orchestra Association a $50 million Endowment Gift, plus an additional $5 million contribution to fund Orchestra operations.
The $55 million grant, which comes from a donor-advised fund at SVCF, “represents an expression of confidence in the artistic and organizational leadership of the Orchestra” and is “the largest single gift in Philadelphia Orchestra history,” according to the press release.
“The impact of this gift will be felt for generations,” says Chairman of the Board of Directors Richard B. Worley. President and CEO Matías Tarnopolsky agrees: “This extraordinary act of support recognizes our readiness to write The Philadelphia Orchestra’s next chapter and sets us on a path to achieve artistic goals, create an expansive future for classical music, and further the place of the arts in an open and democratic society.”
Music Director Yannick Nézet-Séguin believes that SVCF’s generosity will allow the Philadelphia Orchestra to continue to “create joy through music . . . We look forward to sharing that joy widely and in new, groundbreaking ways in the communities of Philadelphia, across the country, and around the world.”