BAM’s Big Boost

The Brooklyn Academy of Music has long struggled to maintain fiscal solvency in the face of slack attendance and an underfunded endowment, but in recent years, BAM has begun a turnaround that will culminate this fall with the completion of an $8.6 million restoration. In addition, the academy has announced two major gifts totalling $30 million, which will double the size of its endowment. Still, the organization’s long-term success seems to be inextricably tied to the fortunes of Brooklyn as a whole.