St. Louis Symphony reports improved finances
ST. LOUIS (AP) – The St. Louis Symphony’s finances took a positive turn last year as the organization significantly grew its endowment while reducing its operating deficit.
The St. Louis Post-Dispatch reports that the symphony’s endowment is now at $23 million, a $14 million increase from the previous year. And its $2.2 million operating deficit is the lowest in 14 years. Ticket revenue also increased last year.
The symphony released its finances Monday at the annual meeting of its board of directors.
The organization also extended the contract of music director David Robertson through the 2017-18 season.
Information from: St. Louis Post-Dispatch, http://www.stltoday.com