Philadelphia Looks To Shore Up The Future

The Philadelphia Orchestra is indisputably one of the world’s great musical ensembles. But behind the scenes, the much-admired Philadelphia Sound has often been eclipsed by a perception that the orchestra is perpetually mismanaged on the financial side. Its fund-raising machine has always lagged far behind those of other “Big 5” orchestras, and in fact, Philadelphia’s endowment is more comparable to those of second-tier orchestras in Minneapolis and Washington than it is to its peers in New York and Boston. This year, the Philadelphians have announced plans to change all that, with a massive endowment drive off to an impressive start. Peter Dobrin has heard this type of boast before, but the early results show that Philly may finally have its eye on the ball.