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Home » 2010–2011 Annual Report: A Year Of Growth And Innovation

2010–2011 Annual Report: A Year Of Growth And Innovation

2010–2011 Annual Report

Carnegie Hall’s endowment grew significantly during the fiscal year ending June 30, 2011. Endowment net assets increased to $261 million, up from $232 million the previous year.

This growth is a testament to Carnegie Hall’s commitment to financial stewardship and its ability to attract generous support from donors. The endowment plays a vital role in ensuring the long-term sustainability of Carnegie Hall’s programming and operations. It provides a source of stable funding that helps to offset the costs of presenting world-class performances, educating young musicians, and offering community outreach programs.

Endowments are essentially long-term investments that generate income for the organization. Carnegie Hall’s endowment is carefully managed by a team of investment professionals who strive to achieve a balance of risk and return. The investment strategy is designed to generate a sustainable stream of income while also preserving the value of the endowment for future generations.

The growth of the endowment is a positive sign for Carnegie Hall’s future. It demonstrates that the organization is in a strong financial position and is well-positioned to continue its mission of presenting the best in music for the benefit of the community.

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