St. Louis Musician Endowment Nears Its Goal

As the St. Louis Symphony attempts to dig out of the financial hole it fell into a few years back, one of the key measuring sticks is the salary earned by its musicians, and how it stacks up to other major American ensembles. In summer 2004, the SLSO began a special endowment drive designed specifically to make salary increases feasible within the existing budget – the goal for the drive is $20 million. This week, the orchestra announced that $17 million has been raised for the project, and the overall orchestra endowment now stands at $112 million.