Indianapolis Symphony Orchestra surpasses its fundraising goal
February 6, 2013 by Sarah
The Indianapolis Symphony Orchestra (ISO) set out to raise $5m, and wound up passing its goal in the final days of the fundraising campaign, according to a February 3 report.
The preceding Friday, the ISO was still $400,000 from its goal but community support made it possible for the orchestra to surpass its goal in the final days of the drive.
The monies were raised to help fund a “bridge” contract between the musicians and the orchestra’s management. The bridge contract was the result of weeks of intense negotiations between the two groups. During the bargaining period, the ISO canceled five weeks of performances, including two weekends of shows scheduled to be led by the ISO’s music director Krzysztof Urbanski – a young, dynamic conductor.
The provisions of the bridge contract are virtually identical to those found in the first year of a long-term contract, which is scheduled to take effect at the end of the fundraising effort. Had those efforts failed to raise the necessary money, it is possible that the two sides would have been forced to go back to bargaining, though the possibility was not particularly likely. A waiver clause in the bridge contract allows the orchestra’s management to declare that whatever it raises is sufficient, even if it fails to meet its stated goals.
Martha Lamkin, chairman of the board of the ISO, thanked the community for its support and revealed that the musicians will now have the security of a five-year contract..
The ISO could work with brochure printers to create an attractive program to serve as a memento of the orchestra’s performances.