Fundraising encore – $13.5M drive ending

By Todd Cohen

RALEIGH, N.C. — Having debuted its new home in Raleigh’s Meymandi Concert Hall, the North Carolina Symphony is wrapping up a $13.5 million capital campaign and planning an even larger drive.

The two-year-old campaign has raised more than $11 million to support acoustical improvements to Meymandi Hall, plus equipment and expansion of the symphony’s endowment.

The biggest gifts to the campaign, which is chaired by Tim Clancy, president of Clancey & Theys Construction Co., include $700,000 to be willed by an anonymous donor; $600,000 to be willed by Philip Couch, a retired professor at the University of North Carolina at Greensboro; and $300,000 from Clancy.

The symphony has hired the Kansas City, Mo., fundraising firm of consultant Robert Hartsook to help complete its current campaign this summer and prepare for a new one that could total $30 million to $50 million, says Rebecca Duncan, the symphony’s vice president for development.

Hartsook, who lives in Wilmington, will conduct a feasibility study this fall. The campaign’s quiet phase could begin in December and last several years.

Duncan says the endowment, currently $8 million, must grow to add 10 musicians to its 64-member troupe.

The symphony, which she says needs $1 million more in endowment for each new musician, also has raised its annual-fund goal to $1.6 million this year from the $1.2 million raised last year.

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