October 19, 2011 – Today at the Toronto Symphony Orchestra (TSO) Annual General Meeting, TSO Board Chair Allan S. Kimberley reported that the 2010.2011 season, led by TSO Music Director Peter Oundjian, was marked by robust complement of programming, an expansion of the orchestra’s out of town activities, significant artistic achievements, a continued commitment to community with one of the largest curriculum-based music education outreach programmes in Canada. This was all accomplished in the context of the TSO’s sixth year of better-than-plan fiscal operations.
Mr. Kimberley addressed the attendees: “The TSO continues to attract the world’s best musicians to perform in our city and inspire Toronto audiences. During the 2010.2011 season, the orchestra also showcased the best of Toronto to the world, in critically acclaimed performances on international stages, including a sold-out performance at Carnegie Hall. These creative efforts are part of the cultural vibrancy that makes our city great, and are made possible thanks in large part to the support and commitment of generous donors.”
Throughout the 2010.2011 season, the TSO continued to operate to plan or better, demonstrating strict fiscal responsibility while fulfilling its mandate of artistic excellence and serving the community with life-enriching public performances and education programmes.
“Despite challenging economic times, the TSO continued to serve the community with a full complement of artistic and educational programming,” said TSO President & C.E.O. Andrew R. Shaw. “The 2010.2011 season was characterized by outstanding performances, engaging programming, and successful touring.”
The Toronto Symphony Orchestra performed 107 concerts for the general public in 2010.2011, selling 219,173 tickets and maintaining an average paid audience capacity of 93%. A further 23 curriculum-based programmes were performed at Roy Thomson Hall for over 48,000 students, and musicians of the Orchestra reached more than 15,000 students with in-school programmes throughout the GTA. Additionally, the Orchestra performed for over 10,000 students in North Bay and Timmins as part of the TSO’s Northern Residency.
The TSO’s operating expenses for the 10.11 season were $24,370,522, with revenues of $24,387,035.
For the 2010.2011 season, earned revenue including ticket sales, education and other revenue represented 45% of revenue; fundraising represented 22%; government operating grants accounted for 24%; and gifts from the Toronto Symphony Foundation and the Toronto Symphony Volunteer Committee accounted for 9% of revenue.
Allan Kimberley, Vice Chairman & Managing Director Canadian Real Estate Investment Banking CIBC World Markets Inc., welcomed new board members Carol Hansell, Senior Partner Davies Ward Phillips & Vineberg LLP, and Richard Phillips, Chairman & C.E.O. East West Investment Management. The TSO Board of Directors recognized and thanked retiring members Rana Florida, Creative Class Group, and Ana Lopes, Managing Director, Tapscott Group. The meeting also marked the end of Allan Kimberley’s term as Board Chair. The TSO Board of Directors appointed M. George Lewis, Chairman, RBC Asset Management, as the incoming Board Chair.
The TSO is grateful for support for annual operations and special projects from the following: The Canada Council for the Arts, Ontario Arts Council, Ontario Trillium Foundation, Ontario Arts Foundation, and the City of Toronto.
About the TSO: Founded in 1922, the Toronto Symphony Orchestra is one of Canada’s major cultural institutions. Under the leadership of Music Director Peter Oundjian, the TSO is committed to innovative programming and showcases a roster of distinguished guest artists and conductors. In addition to public performances, the TSO serves the community with one of the largest musical education outreach programmes in Canada, connecting students throughout Ontario with curriculum-based programming. tso.ca
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To download high res photos of the TSO and TSO Music Director Peter Oundjian, please visit tso.ca/media