The Cleveland Orchestra receives historic $ 50 million donation from the Jack, Joseph and Morton Mandel Foundation
The Cleveland Orchestra has announced that it has received $ 50 million from the Cleveland-based Jack, Joseph and Morton Mandel Foundation.
This donation is the most important in the 103 years of the orchestra’s history and the most important in the 68 years of the foundation.
The company announced that $ 30 million will go towards endowment funds, strengthening its impact in the local and global community and supporting a Jack, Joseph and Morton Mandel opera and humanitarian festival. Funds will also be allocated to support and expand their programs, partnerships, digital infrastructure and new streaming platform, Adella. In recognition of this gift, TCO will rename its main performance space Jack, Joseph and Morton Mandel Concert Hall, the renaming building from Severance Hall to Severance Music Center in continued tribute to founding leader John L. Severance.
“This unprecedented gift lays the foundation for the second century of the Cleveland Orchestra, supporting our long-term ability to deliver extraordinary musical performances and inspiring programs while transforming our ability to reach audiences far beyond the physical limits of our building.” âSaid Andre Gremillet, President and CEO. said in a press release. âLike the Orchestra, the Mandel Foundation combines a global perspective with a deep commitment to the Cleveland community. We will be eternally grateful to the Foundation for its extraordinary generosity.
“The Mandel Foundation awarded this grant because of the Mandel Brothers’ deep commitment to the vitality of Cleveland and their belief in the value of the humanities in shaping an enriched spirit of life,” said the President and Chief Executive Officer. director of the Mandel Foundation, Dr Jehuda Reinharz. “The Cleveland Orchestra’s world-class level of music is the epitome of both, and with this gift we hope to help ensure that it will be available for generations to come.”