Stanford Study of Orchestras
August 6th, 2008 by David H. Thomas
American Symphonies Often Spend
More Than They Earn
March 2008
STANFORD GRADUATE SCHOOL OF BUSINESS—Most major symphony orchestras in the United States regularly spend more money than they take in, and some dip so far into endowments that they risk their long-term survival, according to a new report commissioned by the Andrew W. Mellon Foundation.
“The industry should realize [...]