Philly Orchestra Raises $76 Million

The Philadelphia Orchestra confirms a $50 million gift and another $26 million raised towards an endowmwnt. “Leonore Annenberg, the widow of philanthropist Walter H. Annenberg, has pledged $50 million to the ensemble, orchestra leaders acknowledged. The gift, first reported in The Inquirer two weeks ago, is believed by orchestra administrators to be the second largest ever made to an American orchestra. Also yesterday, the orchestra announced that it had gathered an additional $26 million in pledges to its endowment campaign, whose goal is $125 million. Orchestra officials said the new money would give the ensemble the resources to make its ambitions, often hobbled by financial ills, into reality.”