The Detroit Symphony Orchestra (DSO) is back on the read of success – economically as well as artistically. DSO has surpassed its goal of $17 million for annual operational support with $17.4 million in individual, corporate and foundation gifts following the official close of the 2014 fiscal year on August 31, 2014. Individual giving, which saw an increase in every constituency, is owing to the generosity of 10,350 donors who represent the fourth consecutive year of donor base growth.
“Year after year we are humbled by the outpouring of support from this community,” said DSO President and CEO Anne Parsons. “The health of the DSO as an institution hinges on the generosity of others and thanks to the people of metro Detroit we are proudly on our way to a second consecutive balanced budget year.”
Individual giving increased from every constituency during fourth consecutive year of donor base growth
While overall individual giving grew by 8 percent, board giving grew by 10 percent for a total of $2.3 million. In its inaugural year, the Gabrilowitsch Society ($10,000+ giving club) secured more than 100 members giving a total of $3.3 million. The Governing Members, the DSO’s voting body, grew for the fourth consecutive year reaching 400 members. The Volunteer Council generated $200,000 in support through events and activities. With individual gifts ranging from $1 to $1 million, the median gift was $100.
DSO staff contributed to the Annual Fund with 100 percent participation in response to an anonymous $250,000 challenge grant. Likewise, DSO musicians contributed with an unprecedented leadership gift to the Heroes Gala honoring Dan Gilbert and Matt Cullen. Special events like the one-night-only performance with John Williams and Steven Spielberg, Heroes Gala and Classical Roots generated $1.2 million, a 35 percent increase over special events revenue from 2013.
The DSO is a community-supported orchestra, and strives to also be community supporting. In reciprocation for the support that makes programming possible at the Max M. Fisher Music Center, around metro Detroit and across the world through global webcasts, in FY 2014 DSO staff and musicians donated approximately 5,000 hours of service to the community through a company-wide Day of Service, in-kind event services and engagements at hospitals, schools, libraries and the like.