INDIANAPOLIS (AP) — The financially troubled Indianapolis Symphony Orchestra says it has surpassed its $5 million fundraising goal thanks to a surge of support from new donors.
The symphony said Sunday that reaching its fundraising goal means that a five-year contract negotiated last fall with its musicians took effect at midnight Sunday.
More than 70 musicians who perform for the orchestra had been working under a short-term bridge agreement since they ended a five-week lockout in October.
The symphony says its fundraising drive attracted “overwhelming” support from new donors over the past week and a half. The donors with the two biggest gifts were Indianapolis Colts owner Jim Irsay and Indiana Pacers owner Herb Simon, who pledged $750,000 each in mid-December.