Despite record fund-raising, CSO is in the red for fiscal year

Thu Oct 18, 2012 at 2:53 pm

By Lawrence A. Johnson

The Chicago Symphony Orchestra posted a nearly million-dollar deficit last year despite record fund-raising and ticket sales.

At the Chicago Symphony Orchestra Associations’s annual meeting Wednesday, president Deborah Rutter revealed that the orchestra had a deficit of $927,000 for 2011-12.

Fund-raising was up 11.6 percent to $28.2 million. Also ticket sales showed an almost 4 percent increase to $21.4 million, due in part to several canceled events in 2010-11.

Cellist Yo-Yo Ma’s contract as CSO creative consultant was extended through 2015. And Jay L. Henderson was elected to a three-year term as board chairman succeeding William A. Osborn.

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