Some Nonprofits Can't Touch Their Money
The North Carolina Symphony started 2008 with an endowment of $9.3 million, well above its historic dollar value of $7.25 million and enough to allow for a planned withdrawal of $600,000. But with the endowment now underwater, the orchestra is looking for new ways to make money to cover than gap, including scheduling four June performances with the visiting Bolshoi Ballet that should bring in $100,000.
- Companies:
- American Conservatory Theater
- Bolshoi Ballet
- Brandeis University
- Council on Foundations
- National Center on Philanthropy and the Law
- National Conference of Commissioners of Uniform State Laws
- National Council of Nonprofits
- New York University
- North Carolina Symphony
- Rose Art Museum
- The Associated Press
- University of North Carolina
- University of Wisconsin
Related Content
Comments
