The Milwaukee Symphony Orchestra said Friday that it has raised all but $200,000 of its $5 million fundraising goal and has been awarded a challenge to help it meet its target.
The MSO is seeking the funds to help it shore up gaps in its budget and ensure that the symphony remains solvent. The symphony announced the effort in early December, along with a restructuring plan that included a renegotiation of the contract with musicians.
To date, the MSO has raised $4.8 million and is secured a $200,000 challenge grant. Under the challenge, new and increased gifts to the MSO will be matched dollar-for-dollar by a grant from an anonymous donor.
“The outpouring of support from the Milwaukee community over the past few months has been overwhelming,” said Mark Niehaus, president and executive director of the MSO. “We remain resolute in our fundraising efforts, and we know that the Milwaukee community understands that just like the Stradivarius violin, the MSO is a rare and valuable treasure in our community.”