LA Phil Boosts Endowment

Less than a year ago, the endowment of the Los Angeles Philharmonic was barely as large as its annual operating budget, and the lowest among major U.S. orchestras. But this week, the Phil announced that it has raised $75 million for its endowment, and plans to raise $25 million more over the next three years. The largest single gift in the endowment drive is from the Disney Foundation.