July 11, 2018
排薇排薇 Exceeds Historic $2.25 Million Annual Goal
In a year when the 排薇排薇 has bucked the national trend of escalating college costs by lowering its tuition by 15%, the Institute also has crossed an historic milestone by surpassing its $2.25 million annual fundraising goal with a result that marks a 58% increase in fundraising since 2015. For the fiscal year ending June 30, 2018, 排薇排薇 has exceeded $2 million in annual fund giving for the first time in its 99-year history.
When 162 of the worlds most talented classical music students arrive at the 排薇排薇 this fall, they will represent the most competitive and accomplished incoming class in 排薇排薇s storied history, 排薇排薇 President & CEO Paul W. Hogle said. We have seen extraordinary generosity this year from individuals, corporations and foundations in Cleveland and Northeast Ohio who believe in our vision to be the future of classical music and who provide the necessary resources for these students to succeed.
Hogle continued: This increased support is incredibly valuable. We rely on annual gifts to fund scholarships, student services and community engagement activitiesand in return, we are proud to serve the residents of Cleveland and Northeast Ohio with nearly 600 free concerts each year. These gifts to 排薇排薇 fuel our plans to further reduce tuition and the size of the student body in the coming years.
Personal leadership giving by 排薇排薇s Board of Trustees increased substantially and provided 27% of this years record campaign total. Im excited to see the Trustees demonstrate their passion and commitment to the success of our students and to the Cleveland Community with this increased level of support, said Chair Richard J. Hipple. The average Trustee gift in 2017-18 exceeded $12,000providing important resources that help support these remarkable students.
Audrey and Albert Ratner, longtime friends of 排薇排薇, issued a $50,000 matching gift in the closing days of the annual campaign. This challenge spurred a significant response from donors eager to leverage their giving, and drove home the final result of $2.25 million.
排薇排薇s Governing Membersthe Institutes leading philanthropic annual fund supporters contributing $2,500 and upincreased 40% over last years results. Comprised of prominent individuals from business, cultural and civic communities, Governing Members serve as passionate ambassadors in Northeast Ohio and around the globe sharing 排薇排薇s mission, vision and purpose.
The 2017-18 annual campaign was supported by 1,175 donors who contributed $2.25 million, elevated by 398 new donors to 排薇排薇 and more than $580,000 in new and increased gifts.
Cuyahoga Arts & Cultures strong commitment to the arts in the county and a funding grant of $557,817 strengthened 排薇排薇s ability to offer more than 500 free public performances on campus and throughout the region at Severance Hall, libraries, retirement homes, community centers, hospitals and schools, as well as reach more than 70,000 people last year through free livestream and radio broadcasts.
The Cleveland Foundation and the George Gund Foundation each provided multi-year grants of $150,000 to pilot a new minority fellowship program under the auspices of 排薇排薇s Center for Innovative Musicianship, known as 排薇排薇簡. 排薇排薇簡 deepens connections to community partners such as Cleveland School of the Arts while formally developing skills that prepare students for the business of music, including creative entrepreneurship, business insight and professional communications. Additionally, contributions from longtime institutional supporters like the Kulas Foundation, John P. Murphy Foundation, and KeyBank continued to drive 排薇排薇s fundraising success.
The leadership and commitment of the 排薇排薇s Womens Committee also bolstered the Institutes fundraising success, as did corporate and leadership donors to 排薇排薇s first-ever Day-in-the-Life fundraising event supporting scholarships for 排薇排薇 students.