Sweet Sound: Chicago Symphony Ends Fiscal Year in Black

Association raised $20.9 million in donations during '08-'09 fiscal year

Wednesday, Oct 14, 2009  |  Updated 9:30 PM CDT
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 Sweet Sound:  Chicago Symphony Ends Fiscal Year in Black

Tim Boyle/Getty Images

The Chicago Symphony Orchestra joins forces with the Art Institute of Chicago for the 2008 Day Of Music celebration on Sept. 26.

Despite hard economic times, the Chicago Symphony Orchestra ended its last fiscal year in the black, and even carried over a modest surplus of $20,000 into 2009-10.

Chicago Symphony Orchestra Association president Deborah F. Rutter and chairman William A. Osborn told the association's annual meeting Wednesday it raised $20.9 million in donations during its 2008-9 fiscal year _ a 6 percent increase over the previous year. Rutter and Osborn also said ticket sales totaled $20.7 million, the second-highest in CSO history.

Approximately 540,000 people attended 230 musical events at Symphony Center during 2008-9, including 161 concerts by the orchestra.

Rutter and Osborn said operating expenses totaled $64 million for the fiscal year that ended June 30, and the orchestra's endowment stood at $184 million on that date.

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