By Todd Cohen
GREENSBORO, N.C. — In 1986, to help endow a $250,000 concertmaster’s chair for the Greensboro Symphony Orchestra, the Greensboro Symphony Guild contributed $50,000 to a new endowment fund that had been created to support the orchestra.
That chair was endowed in 1995, and the Guild has continued to provide annual support to the endowment, which has grown to $3.1 million and provides annual income for the Symphony.
Now, the committee of the symphony board that oversees fundraising for the endowment has two new co-chairs, the committee’s first leadership change in 20 years, and plans to develop a new endowment strategy that will include planned giving, says Lisa Crawford, president and CEO of the Symphony.
With 80 chairs, 58 of which have been endowed, the Symphony plans to continue adding and endowing chairs, she says.
“We’ll never have all the chairs endowed because we’ll make more chairs,” she says.
Co-chairing the endowment fund committee will be Garson and Cathy Rice, owners of Rice Toyota.
They succeed community volunteer Caroline Lee, in whose name the associate concertmaster’s chair was endowed in 2001.
Formed in 1959, the Symphony also raises money through an annual fund, which this year has a goal of $534,000.