A. A THE ECTOR MUSIC ll..l..,l,ul.l I (I ?inIni?hlt?151! .- .Ln .. A Welcome to the 2018/2019 Annual Meeting! Tuesday, November 5, 2019 4:30-6:00pm • • • • Welcome and Call-to-Order, Richard K. Smucker, Board Chair Nominations and Elections Board Chair Report, Richard K. Smucker, Board Chair President & CEO Report, André Gremillet, President & CEO • • Musical Performance, Cleveland School of the Arts students with their Cleveland Orchestra Music Mentors Keynote Speech, Eric Gordon, CEO, Cleveland Metropolitan School District Table of Contents Agenda..................................................... 2 Mission, Vision, & Values...................4-5 Music Mentors.......................................6-7 Trustee Roster........................................8-9 Nominees for Election........................10-11 Musician Roster....................................12-13 FY19 Financials......................................14-15 By the Numbers....................................16 Eric Gordon, Keynote Speaker Eric Gordon was appointed Chief Executive Officer of the Cleveland Metropolitan School District (CMSD) in June 2011 after serving as the district’s Chief Academic Officer for four years. He is responsible for the leadership and daily management of Cleveland’s 39,000-student school district. Mr. Gordon, together with Cleveland Mayor Frank G. Jackson and other business, philanthropic, and educational leaders, successfully lobbied Ohio legislators in 2012 to pass The Cleveland Plan, a revolutionary package of education reform legislation that was signed into law on July 2, 2012. The Cleveland Plan has received national attention for its strong bipartisan support and unprecedented collaborative process that united the people of Cleveland around a collective mission to transform their public school system. CEO Gordon was honored with the “Green-Garner Award” in 2016, naming him the Urban Educator of the Year, the highest honor available to an urban superintendent in the United States. Mr. Gordon is active nationally in the implementation of the Common Core State Standards curriculum and in the implementation of Social and Emotional Learning Standards for children. He serves as a member of the Executive Committee for the Board of Directors for the “Council of the Great City Schools”, a member organization representing more than 70 large urban districts across the United States. On July 1, 2019, Mr. Gordon began a one-year term as chair of the Council’s Board of Directors. This year, Corporate College and Smart Business magazine honored him with a Smart 50 Award, given to the region’s top executives. 2 Photos by Roger Mastroianni 3 Our Mission The Cleveland Orchestra inspires and enriches lives by creating extraordinary musical experiences at the highest level of artistic excellence. Our Vision The Cleveland Orchestra will strive to be the greatest musical ensemble in the world by: • • • • • • Performing world-class music in innovative ways at the highest level of artistic excellence. Being the Orchestra for people of all ages, and by touching every young person in our community with music. Providing a fully immersive patron experience. Serving our community in a way that fosters a true love of/passion for music. Playing a major role in Cleveland’s renaissance by promoting the city as a cultural destination and proudly representing Cleveland on the national and international scene. Building a sustainable financial model to ensure organizational strength and stability for future generations. Our Values Music Is First Creativity Excellence in Everything Impact We put our passion for music at the heart of everything we do, for the benefit of the people for whom we play. We always act with integrity, a strong work ethic and commitment; a standard for excellence is embodied in our people. Unparalleled Teamwork We build on a tradition of creativity to ensure a thriving and relevant art form for future generations. We possess genuine pride in our greater Cleveland and Ohio community, a belief in the impact of our art form, and a desire to give back. We are the very best team possible, both on and off the stage; we recognize and appreciate the gifts of every individual. 4 5 TODAY’S PERFORMERS Cleveland School of the Arts A Cleveland Orchestra music education program, Music Mentors provides high school students at Cleveland School of the Arts, in the Cleveland Metropolitan School District, with year-round private lessons and mentorship by Cleveland Orchestra musicians. This afternoon, side-by-side with their Music Mentors, four Cleveland School of the Arts students will perform the first movement from Symphonie XI No. 2 by Afro-French composer Chevalier de Saint-Georges (1729-1799). The Cleveland Orchestra’s Music Mentors program is made possible by the generous support of the Sam J. Frankino Foundation. TODAY’S PROGRAM Symphonie XI No. 2 Chevalier de Saint-Georges I. Allegro Presto STUDENT PERFORMERS Darnell McMullen, violin Anaiya Davis, violin Raymond Parker, viola Kendrick Johnson, cello CLEVELAND ORCHESTRA MUSIC MENTORS Kathleen Collins, violin Beth Woodside, violin Eliesha Nelson, viola Alan Harrell, cello Above: Cleveland School of the Arts students onstage at Severance Hall with their Cleveland Orchestra Music Mentors; At right: Cleveland School of the Arts students in Severance Hall for the Beethoven and Prometheus Education Concert in 2017. 66 7 MUSICAL ARTS ASSOCIATION operating The Cleveland Orchestra, Severance Hall, and Blossom Music Festival THE CLEVELAND ORCHESTRA Franz Welser-Möst, Music Director André Gremillet, President & CEO BOARD OF TRUSTEES, MUSICAL ARTS ASSOCIATION OFFICERS AND EXECUTIVE COMMITTEE Richard K. Smucker, Chair André Gremillet, President & CEO Dennis W. LaBarre, Immediate Past Chair Richard J. Bogomolny, Chair Emeritus Alexander M. Cutler Hiroyuki Fujita David J. Hooker Michael J. Horvitz Douglas A. Kern RESIDENT TRUSTEES Richard J. Bogomolny Yuval Brisker Helen Rankin Butler Irad Carmi Paul G. Clark Robert D. Conrad Matthew V. Crawford Alexander M. Cutler Robin Dunn Blossom Hiroyuki Fujita Robert Glick Robert K. Gudbranson Iris Harvie Dee Haslam Jeffrey A. Healy Stephen H. Hoffman David J. Hooker Michael J. Horvitz Marguerite B. Humphrey Elizabeth B. Juliano Virginia M. Lindseth Nancy W. McCann Larry Pollock Alfred M. Rankin, Jr. Audrey Gilbert Ratner Barbara S. Robinson Jeffery J. Weaver Meredith Smith Weil Paul E. Westlake Jr. Jean C. Kalberer Nancy F. Keithley Christopher M. Kelly Douglas A. Kern John D. Koch Richard Kramer Dennis W. LaBarre Norma Lerner Virginia M. Lindseth Milton S. Maltz Nancy W. McCann Stephen McHale Thomas F. McKee Loretta J. Mester Tomislav Mihaljevic Beth E. Mooney John C. Morley Katherine T. O’Neill Larry Pollock Alfred M. Rankin, Jr. Clara T. Rankin Audrey Gilbert Ratner Charles A. Ratner Zoya Reyzis Barbara S. Robinson Steven M. Ross Luci Schey Spring Hewitt B. Shaw Richard K. Smucker James C. Spira R. Thomas Stanton Richard Stovsky Russell Trusso Daniel P. Walsh Thomas A. Waltermire Geraldine B. Warner Jeffery J. Weaver Meredith Smith Weil Paul E. Westlake, Jr. David A. Wolfort NATIONAL AND INTERNATIONAL TRUSTEES Virginia Nord Barbato (New York) Wolfgang C. Berndt (Austria) Mary Jo Eaton (Florida) EX-OFFICIO TRUSTEES Carolyn Dessin, Chair, Cleveland Orchestra Chorus Operating Committee Todd Diacon, President, Kent State University EMERITI TRUSTEES George N. Aronoff Dr. Ronald H. Bell David P. Hunt S. Lee Kohrman Raymond T. Sawyer 8 Norma Lerner, Honorary Chair Hewitt B. Shaw, Secretary Beth E. Mooney, Treasurer Richard C. Gridley (South Carolina) Herbert Kloiber (Germany) Paul Rose (Mexico) Patricia Moore Smith, President, Friends of The Cleveland Orchestra Barbara R. Snyder, President, Case Western Reserve University *board listing as of 11/4/2019 PAST BOARD PRESIDENTS D. Z. Norton, 1915-21 John L. Severance, 1921-36 Dudley S. Blossom, 1936-38 Thomas L. Sidlo, 1939-53 Percy W. Brown, 1953-55 Frank E. Taplin, Jr., 1955-57 Frank E. Joseph, 1957-68 Alfred M. Rankin, 1968-83 TRUSTEE COMMITTEE AND TASK FORCE CHAIRS Ward Smith, 1983-95 Richard J. Bogomolny, 1995-2002, 2008-2009 James D. Ireland III, 2002-08 Dennis W. LaBarre, 2009-17 AUDIT Michael J. Horvitz, Chair Hewitt B Shaw, Vice Chair FINANCE Hewitt B. Shaw, Chair Beth E. Mooney, Vice Chair NOMINATING AND GOVERNANCE David J. Hooker, Chair Larry Pollock, Vice Chair BLOSSOM Iris Harvie, Chair Thomas W. Waltermire, Vice Chair FUNDRAISING Nancy W. McCann, Chair Hewitt B. Shaw, Vice Chair PATRON EXPERIENCE Douglas A. Kern, Chair Elizabeth B. Juliano, Vice Chair COMMUNITY ENGAGEMENT Jeffery J. Weaver, Chair R. Thomas Stanton, Vice Chair LEADERSHIP FUNDRAISING Brinton L. Hyde, Chair Robert N. Gudbranson, Vice Chair PENSION FUND Alfred M. Rankin, Jr., Chair Michael J. Horvitz, Vice Chair EDUCATION Meredith Weil, Chair GOVERNMENT RELATIONS Taras G. Szmagala, Jr., Chair FACILITIES Paul E. Westlake, Jr, Chair INVESTMENT Alfred M. Rankin, Jr., Chair John D. Koch, Vice Chair PERSONNEL Michael J. Horvitz, Chair David A. Wolfort, Vice Chair ADVISORY COUNCIL Larry Oscar, Chair Greg Chemnitz, Vice Chair Richard Agnes Mark J. Andreini Lissa Barry Dean Barry William P. Blair III Frank Buck Becky Bynum Phil Calabrese Paul Clark, Board Liaison Kathy Coleman EUROPEAN ADVISORY BOARD Herbert Kloiber, Chair Wolfgang Berndt, Vice Chair Gabriele Eder Robert Ehrlich Peter Mitterbauer Elisabeth Umdasch Judy Diehl Barbara Hawley Matt Healy Brinton L. Hyde Rob Kochis Janet Kramer David Lamb Susan Locke Todd Locke Amanda Martinsek Michael Mitchell Randy Myeroff MIAMI ADVISORY COUNCIL Mary Jo Eaton, Co-Chair Michael Samuels, Co-Chair Bruce Clinton Martha Clinton Betty Fleming Joseph Fleming George Parras Beverly Schneider Astri Seidenfeld Reg Shiverick R. Thomas Stanton, Board Liaison Fred Stueber Taras G. Szmagala, Jr. Brian Tucker Peter van Dijk* Diane Wynshaw-Boris Tony Wynshaw-Boris *deceased Alfredo Gutierrez Luz Maria Gutierrez Maribel Piza Judy Samuels HONORARY TRUSTEES FOR LIFE Gay Cull Addicott Charles P. Bolton Jeanette Grasselli Brown Allen H. Ford Robert W. Gillespie Alex Machaskee Robert P. Madison The Honorable John D. Ong James S. Reid, Jr. 9 N O M I N E E S FTrustees OR ELECTION Incoming Margot Copeland, Resident Margot Copeland is the former Chair & CEO of the KeyBank Foundation. She also served as Executive Leader of The Greater Cleveland Roundtable and Leadership Cleveland. She started her career with Xerox, Polaroid, and Picker International. She serves on the Board of Trustees for the Cleveland Clinic, Rock & Roll Hall of Fame and Museum, Say Yes to Education in New York, and has sat on several other Boards throughout her career including nine years at Kent State University as Board Secretary and Chair of Academic Excellence. Margot earned a BS in Physics from Hampton University and an MA from The Ohio State University. She is the mother of three children and has one grandchild. Todd Diacon, Ex-Officio Todd Diacon became Kent State University’s 13th president in July 2019. A tireless advocate for student success, President Diacon has more than 30 years of experience in higher education leadership. Ben Pyne, National Ben Pyne recently concluded a highly respected career at The Walt Disney Company. As President, Global Distribution, Disney Media Networks, Pyne worked with teams around the world to develop and grow media businesses in more than 240 territories. He also sat on Hulu’s board of directors as a representative of Disney. Mr. Pyne has a BA from Princeton University and an MBA from Harvard Business School. From 1985-90, he served as Orchestra Manager of the New Jersey Symphony. In addition to his work at Pyne Media Group, he serves as a Senior Adviser to McKinsey’s Consumer Technology and Media Group. Most recently, Mr. Pyne was asked by The Walt Disney Company to become the Independent Manager for the Fox Sports businesses in Brazil and Mexico. He lives in New York with his wife, Janet, and they have two sons aged 25 and 22. John Warner, Resident Diacon joined Kent State as provost in 2012. Prior to KSU, he served as deputy chancellor at the University of Massachusetts-Amherst. He began his career at the University of Tennessee. John Warner is a Senior Partner with McKinsey & Company. He is the Global Leader of their Energy and Materials Practice (representing 20% of the Firm) as well as their Chemicals and Agriculture Practice. In addition, he has led the Firm’s Ohio Practice for many years. A native of Wellington, Kansas, Dr. Diacon specializes in agrarian history and the history of central state power in Brazil. He earned his bachelor’s degree from Southwestern College and master’s and doctoral degrees from the University of Wisconsin-Madison. John is currently Chairman of the Ohio Business Roundtable, having played a role in the Roundtable’s initiatives in education, healthcare, fiscal policy, and energy. He grew up in Canton, Ohio and has a huge passion for Ohio. Lisa Fedorovich, Ex-Officio John has an MBA from the Harvard Business School and a BA in Economics from the College of William and Mary. He resides in Shaker Heights with his wife, Kelly. They have three children. The two oldest graduated from Harvard University, with one working in private equity in Santa Monica and the other working in venture capital in Boston. Their youngest is a senior in high school at Avon Old Farms. Lisa Fedorovich recently retired from a rewarding career of nearly 30 years; first, as a litigation attorney and later, at McKinsey & Company. Currently, she is leading her best life as a soprano in the Cleveland Orchestra Chorus, where she co-chairs the Chorus’s Operating Committee. At McKinsey, Lisa led external relations for McKinsey’s flagship practice area, Strategy and Corporate Finance. She began her career with Thompson Hine and Squire, Sanders & Dempsey (now Squire Patton Boggs). Today, Lisa is a trustee of Hathaway Brown School, and she is involved with Hope for Henry Foundation to improve the patient experience for critically ill children. When not studying her music and attempting to master complex rhythms and German Latin pronunciation, Lisa often can be found on an exercise bike in Hudson, Ohio, where she resides with her husband, Rick. Patricia Moore Smith, Ex-Officio Dr. Patricia “Tricia” Moore Smith has led a 40-plus year career as a dedicated teacher, devoted family medicine doctor, healthcare advocate, and philanthropist. Dr. Moore Smith has served on the faculty of CWRU School of Medicine’s Department of Family Medicine and Community Health for more than 25 years, where she garnered the Outstanding Medical Student Teaching Award. She also serves as an Adjunct Associate Professor of Family and Community Medicine at Northeast Ohio Medical University. Tony Wynshaw-Boris, Resident A native Clevelander, Tony Wynshaw-Boris received his degrees from Case Western Reserve University School of Medicine. He did his residency at Rainbow Babies and Children’s Hospital, followed by a medical genetics fellowship at Boston Children’s Hospital. In 1994, Dr. Wynshaw-Boris set up a laboratory at the National Human Genome Research Institute of the NIH. In 1999, he moved to UCSD School of Medicine, and in 2007 moved to UCSF School of Medicine, where he was the Charles J. Epstein Professor of Human Genetics and Pediatrics, and the Chief of the Division of Medical Genetics in the Department of Pediatrics. In June 2013, he became the Chair of the Department of Genetics and Genome Sciences at CWRU. Dr. Wynshaw-Boris is President-Elect of the American Society for Human Genetics for 2019, and will be President in 2020. Outside of the Circle, Dr. Moore’s medical education efforts have included helping develop an international opportunity in Peru for Lerner College of Medicine and University Program CWRU medical students. She has also led Global Health Brigades for MedWish International. She currently serves as President of the Friends of The Cleveland Orchestra. 10 11 T HE CLE V ELAND ORCHESTRA FRANZ WELSER-MÖST  MUSIC DIREC TOR *as of November 2019 Kelvin Smith Family Chair FIRST VIOLINS Peter Otto FIRST ASSOCIATE CONCERTMASTER Virginia M. Lindseth, PhD, Chair Jung-Min Amy Lee ASSOCIATE CONCERTMASTER Gretchen D. and Ward Smith Chair Jessica Lee ASSISTANT CONCERTMASTER Clara G. and George P. Bickford Chair Stephen Tavani ASSISTANT CONCERTMASTER Takako Masame Paul and Lucille Jones Chair Wei-Fang Gu Drs. Paul M. and Renate H. Duchesneau Chair Kim Gomez Elizabeth and Leslie Kondorossy Chair Chul-In Park Harriet T. and David L. Simon Chair Miho Hashizume Theodore Rautenberg Chair Jeanne Preucil Rose Dr. Larry J.B. and Barbara S. Robinson Chair Alicia Koelz Oswald and Phyllis Lerner Gilroy Chair Yu Yuan Patty and John Collinson Chair Isabel Trautwein Trevor and Jennie Jones Chair Mark Dumm Gladys B. Goetz Chair Katherine Bormann Analisé Denise Kukelhan Zhan Shu SECOND VIOLINS Stephen Rose* Alfred M. and Clara T. Rankin Chair Emilio Llinás 2 James and Donna Reid Chair Eli Matthews 1 Patricia M. Kozerefski and Richard J. Bogomolny Chair Sonja Braaten Molloy Carolyn Gadiel Warner Elayna Duitman Ioana Missits Jeffrey Zehngut Vladimir Deninzon Sae Shiragami Scott Weber Kathleen Collins Beth Woodside Emma Shook Dr. Jeanette Grasselli Brown and Dr. Glenn R. Brown Chair Yun-Ting Lee Jiah Chung Chapdelaine VIOL AS Wesley Collins* Chaillé H. and Richard B. Tullis Chair Lynne Ramsey 1 Charles M. and Janet G. Kimball Chair Stanley Konopka 2 Mark Jackobs Jean Wall Bennett Chair Arthur Klima Richard Waugh Lisa Boyko Richard and Nancy Sneed Chair Lembi Veskimets The Morgan Sisters Chair Eliesha Nelson Joanna Patterson Zakany Patrick Connolly CELLOS FLUTES Mark Kosower* Louis D. Beaumont Chair Richard Weiss 1 The GAR Foundation Chair Charles Bernard 2 Helen Weil Ross Chair Bryan Dumm Muriel and Noah Butkin Chair Tanya Ell Thomas J. and Judith Fay Gruber Chair Ralph Curry Brian Thornton Joshua Smith* Elizabeth M. and William C. Treuhaft Chair Saeran St. Christopher Jessica Sindell 2 Austin B. and Ellen W. Chinn Chair Mary Kay Fink PICCOLO Mary Kay Fink Anne M. and M. Roger Clapp Chair William P. Blair III Chair David Alan Harrell Martha Baldwin Dane Johansen Paul Kushious BASSES OBOES Frank Rosenwein* Edith S. Taplin Chair Corbin Stair Jeffrey Rathbun 2 Everett D. and Eugenia S. McCurdy Chair Maximilian Dimoff * Robert Walters Kevin Switalski Scott Haigh 1 ENGLISH HORN Clarence T. Reinberger Chair 2 Mary E. and F. Joseph Callahan Chair Mark Atherton Thomas Sperl Henry Peyrebrune Charles Barr Memorial Chair Charles Carleton Scott Dixon Derek Zadinsky HARP Trina Struble * Alice Chalifoux Chair HORNS Nathaniel Silberschlag* George Szell Memorial Chair Michael Mayhew § Knight Foundation Chair Jesse McCormick Robert B. Benyo Chair Hans Clebsch Richard King Alan DeMattia TRUMPETS Michael Sachs* Robert and Eunice Podis Weiskopf Chair Jack Sutte Lyle Steelman 2 James P. and Dolores D. Storer Chair Michael Miller CORNETS Michael Sachs* Mary Elizabeth and G. Robert Klein Chair Robert Walters Michael Miller CL ARINETS Shachar Israel 2 Richard Stout Samuel C. and Bernette K. Jaffe Chair Afendi Yusuf * Robert Marcellus Chair Robert Woolfrey Victoire G. and Alfred M. Rankin, Jr. Chair TROMBONES Alexander and Marianna C. McAfee Chair EUPHONIUM AND BASS TRUMPET Daniel McKelway 2 Richard Stout E-FL AT CL ARINET Yasuhito Sugiyama* Robert R. and Vilma L. Kohn Chair Daniel McKelway Stanley L. and Eloise M. Morgan Chair TIMPANI Paul Yancich* Otto G. and Corinne T. Voss Chair Tom Freer 2 Mr. and Mrs. Richard K. Smucker Chair PERCUSSION LIBRARIANS Robert O’Brien Joe and Marlene Toot Chair Donald Miller ENDOWED CHAIRS CURRENTLY UNOCCUPIED Sidney and Doris Dworkin Chair Blossom-Lee Chair Sunshine Chair Myrna and James Spira Chair Gilbert W. and Louise I. Humphrey Chair Marc Damoulakis* Margaret Allen Ireland Chair Donald Miller Tom Freer Thomas Sherwood KEYBOARD INSTRUMENTS Joela Jones* Rudolf Serkin Chair Carolyn Gadiel Warner Marjory and Marc L. Swartzbaugh Chair * Principal § Associate Principal 1 2 First Assistant Principal Assistant Principal CONDUCTORS Christoph von Dohnányi MUSIC DIRECTOR LAUREATE Vinay Parameswaran ASSISTANT CONDUCTOR Elizabeth Ring and William Gwinn Mather Chair Lisa Wong DIRECTOR OF CHORUSES Frances P. and Chester C. Bolton Chair This roster lists the fulltime members of The Cleveland Orchestra. The number and seating of musicians onstage varies depending on the piece being performed. TUBA Nathalie C. Spence and Nathalie S. Boswell Chair BASSOONS John Clouser * Louise Harkness Ingalls Chair Gareth Thomas Barrick Stees 2 Sandra L. Haslinger Chair Jonathan Sherwin CONTRABASSOON Jonathan Sherwin 12 13 Financial Position 2018/2019 JUNE 30, 2019 Cash and Cash Equivalents Unspent Bond Proceeds Accounts and Pledges Receivable Other Assets $ Land, Buildings, and Equipment – net Endowment Investments Pledges Receivable TOTAL ASSETS LIABILITES AND NET ASSETS Liabilities Accounts Payable and Accrued Expenses Bonds Payable – net Lines of Credit Deferred Revenue Accrued Pension and Other Retirement Benefits Total Liabilities Net Assets Without Donor Restrictions: Accumulated Operating Results Board Designated and Other 802 7,058 27,842 4,384 40,086 With Donor Restrictions Total Net Assets TOTAL LIABILITIES AND NET ASSETS $ 1,567 — 34,846 4,376 40,789 42,744 205,658 4,462 $ 291,917 191,459 7,101 $ 282,093 $ $ (4,602) 13,978 9,376 202,114 211,490 $ 291,917 (IN THOUSANDS) JUNE 30, 2018 41,711 6,629 34,916 4,900 7,933 26,049 80,427 6,267 27,695 4,284 7,751 18,895 64,892 (12,214) 32,235 20,021 197,180 217,201 $ 282,093 Endowment Activities Pledges and Contributions Investment Income (net of fees) Net Realized and Unrealized Gains Endowment Draw Forgiven Endowment Borrowing Net Assets Reclassified from Restrictions Change in Endowment Net Assets Net Assets – Beginning of Year Net Assets – End of Year Net Accrued Income and Expense ENDOWMENT INVESTMENTS – End of Year For notes on the financials, visit clevelandorchestra.com/publications 14 Operating Activities Total Fixed Expenses REVENUE EXPENSE MARGIN 151 $ 34,960 $ (34,809) Contributions from Operations Activities Using Orchestra Services Media Blossom Special Attractions Non-Orchestra Activities Total Operations 15,681 203 2,746 1,121 19,751 13,458 505 — 997 14,960 Annual Fundraising Annual Fund Initiatives Funding Government Grants Volunteer Activities Total Annual Fundraising 10,455 2,716 1,696 1,769 16,636 Endowment Draw Subtotal Second Century Incremental Special Fundraising Campaign Operating Funds Unrestricted Bequests TOTAL RESULTS $ YEAR ENDED JUNE 30, 2019 REVENUE EXPENSE MARGIN 285 $ 34,158 $ (33,873) 2,223 (302) 2,746 124 4,791 17,320 92 2,165 829 20,406 14,320 491 — 739 15,550 3,000 (399) 2,165 90 4,856 2,417 — — 653 3,070 8,038 2,716 1,696 1,116 13,566 10,122 1,937 1,856 1,366 15,281 2,892 — — 419 3,311 7,230 1,937 1,856 947 11,970 8,877 45,415 — 52,990 8,877 (7,575) 8,528 44,500 — 53,019 8,528 (8,519) 160 168 3,641 3,630 $ 53,014 — — — — $ 52,990 160 168 3,641 3,630 24 1,274 838 3,596 1,500 $ 51,708 — — — — $ 53,019 1,274 838 3,596 1,500 $ (1,311) $ $ (IN THOUSANDS) YEAR ENDED JUNE 30, 2018 Summary of Gifts YEAR ENDED JUNE 30, 2019 $ 8,271 5,640 3,994 (9,110) (7,588) — 1,207 (IN THOUSANDS) YEAR ENDED JUNE 30, 2018 $ 2,832 4,369 12,050 (8,644) — (2,000) 8,607 209,257 210,464 200,650 209,257 (4,806) $ 205,658 (17,798) $ 191,459 Annual Fund Corporations Foundations Trustees Other Individuals YEAR ENDED JUNE 30, 2019 (IN THOUSANDS) YEAR ENDED JUNE 30, 2018 1,820 1,550 2,649 4,436 1,676 1,547 2,337 4,562 $ Special Fundraising Initiatives Funding Campaign Operating Unrestricted Bequests Second Century Project Underwriting Volunteer Support (net) Government Grants Subtotal, Operating $ 168 2,716 3,641 3,630 160 821 1,116 1,696 $ Endowment TOTAL GIFTS 10,455 24,403 838 1,937 3,596 1,500 2,316 1,346 947 1,856 $ 11,359 $ 35,762 10,122 24,458 5,131 $ 29,589 15 THANK YOU  for bringing music to our community and the world! The Cleveland Orchestra generated $135 million+ 120+ concerts every year of sales in Northeast Ohio in 2017-18 20% of our audience is 25 & below 1,292 jobs created in 2017-18 through Orchestrasupported activities at Blossom & Severance Hall The Cleveland Orchestra’s 2019 Asia Tour • 11 performances • 7 cities • 21 days • 19th tour with Franz Welser-Möst $54 million annual operating budget (over 60% contributed revenue) $205 million endowment . . . responsible for $60 million+ of annual income The Cleveland Orchestra Youth Orchestra’s 2019 Europe Tour • • • • 4 performances 4 cities 7 days 3rd international COYO tour 42,000+ households reached ( increased by 100% in 10 years ) 19 million+ reached through social media across the globe 22,000+ free Under 18s tickets provided in 2018-19 15,000+ attended Education Concerts in 2018-19