dallas symphony orchestra 2009 annual report
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A n n u A l R e p o R t
2 o o 9
You
supportt he
symphonyi n
unEXpECtED ways
L e t u s h av e n o i L L u s i o n s ; i t c o s t s m o r e t o b e
e x c e L L e n t t h a n t o b e m e d i o c r e , b u t t h e
r e w a r d s a r e p r o p o r t i o n a t e Ly g r e a t e r , to o.
s t a n L e y m a r c u s
b o a r d c h a i r 1 9 4 7 - 1 9 4 9, d a L L a s s y m p h o n y o r c h e s t r a
dAllAssymphony.com I 214.871.4079
morton h. meyerson symphony centerschlegel Administrat ive suites2301 Flora street, dal las, tX 75201
the dallas symphony Foundation thanks the following creative companies for their in-kind donations that made this brochure possible:
R u c K e R & c o . , G e o F K e R n p h o t o G R A p h y, t h e c A m p b e l l A G e n c y, c o l o R m A R K p R I n t I n G
©2010 dallas symphony Foundation. All rights reserved.
(Front cover) the concertmaster chair was funded by michael l. Rosenberg in 1996,
honoring violinist emanuel borok, who has played with the orchestra since 1985.
W h e n y o u s u p p o r t t h e D a l l a s Sy mp h o n y
O r c h e s t r a , y o u s u p p o r t m o r e t h a n
j u s t a s e a s o n o f e x t r a o r d i n a r y m u s i c .
Y o u s h a p e t h e n e x t g e n e r a t i o n o f
D a l l a s S y m p h o n y m u s i c i a n s t h r o u g h
i n n o v a t i v e e d u c a t i o n a l p r o g r a m s.
Yo u b r i n g o n e o f A m e r i c a’s g r e a t e s t
m u s i c a l a n d a r c h i t e c t u r a l h a l l s
t o l i f e . Yo u s e c u r e D a l l a s’ p o s i t i o n a s
a n i n t e r n a t i o n a l c u l t u r a l c e n t e r .
Yo u f o r g e u n p r e c e d e n t e d c o l l a b o r a t i o n s
w i t h g u e s t p e r f o r m e r s. A n d y o u s h a r e
y o u r j o y o f c l a s s i c a l m u s i c w i t h t h e w o r l d
t h r o u g h t o u r s , b r o a d c a s t s a n d r e c o r d i n g s.
We b e l i e v e y o u r g e n e r o s i t y p r o d u c e s
t r u l y a m a z i n g r e s u l t s.
…the boldly exposed solos
for t rumpet , ce l lo and horn
showed st r ik ing expert i se…
Wayne Lee Gay, The Dallas Morning News
The orchestra’s own Tony Romo has arrived.Editorial, The Dallas Morning News
Not from the Berlin Philharmonic, not
from the Chicago Symphony, will you
hear a more electrifying Tchaikovsky’s
Fourth Symphony than that delivered
by the Dallas Symphony Orchestra.Scott Cantrell, The Dallas Morning News
After [an] extraordinary performance, the audience was up on its feet, treat ing [van Zweden] to a prolonged ovation. Dallas chose well.
John von Rhein, Chicago Tribune
I love my job and am grateful for it every day.
Deborah Baron, Piccolo
Jaa
p’s
tim
e w
ith
th
e
DS
O a
re m
y g
old
en
ye
ars
wit
h t
he
DS
O.
And
rew
Sch
ast,
Firs
t Vio
lin
…climaxes were splendidly sonorous, and there were eloquent solos…Scott Cantrell, The Dallas Morning News
This translated into
remarkably expressive
unanimity and taut,
crisp ensemble playingMatt Erikson, Fort Worth Star-Telegram
It was a performance that lingered
long in the memory. [The] solo work
of many of the orchestra’s principal
players was a great dividend.
Olin Chism, KERA
You feel the energy change direction
much like driving a race car; harnessed
torque, horsepower with impetus.Gary Levinson, Senior Associate Concertmaster
I wa
nt to
ap
pla
ud
ev
ery
on
e in
vo
lve
d fo
r tak
ing
this ste
p to
en
sure
the
Da
llas S
ym
ph
on
y is a
wo
rld-c
lass in
stitutio
n lo
ng
into
the
futu
re.
Tom L
eppert, Dallas M
ayor
Your Dallas Symphony Foundation
has had another very successful year despite the
worst financial crisis since the Depression.
We are so fortunate that Will Green has been
our financial manager for over 20 years. The
Foundation will have recovered all or most of
its value by the time of our next report for the
end of 2010. That is a really outstanding result.
I only wish that all of us had done that well.
Now is truly a perfect time for all of us who
love the Dallas Symphony to increase our
contribution to the Symphony Foundation. The
method that Norma and I have been using
is to make a contribution each year to both the
annual fund and to our endowed Fund for
New Music, which is held in the Foundation.
We also have made a major bequest in our wills
to that same endowed fund. This approach to
giving provides current pleasure in knowing what
your fund is financing, as well as satisfaction
in knowing that your larger bequest in your will
is in place to finance the future.
You may wish to discuss this approach to
endowment giving or another one designed
to satisfy your specific wishes with Christopher
Minnes, the symphony’s Director of
Endowment and Planned Giving. His phone
number is 214.871.4079.
All of us who are working to make our Dallas
Symphony financially sound appreciate your
support. Thank you for all you have done and
will do for our Dallas Symphony.
donAld J. stone pResIdent
dallas symphony Foundation board
S i n c e r e l y,
P r e S i D e n T ’ S M e S S A G e
DEArDa l l a s S ymphon y
FriEnDs and
FAmily:
Under the inspired leadership of Music Director Jaap
van Zweden, the Dallas Symphony Orchestra has exhilarated
music lovers the world over.
This season, the DSO was in residence at the prestigious
Bravo! Vail Valley Music Festival. Its electrifying performances
were met with rave reviews and ranked with those of the
New York Philharmonic and the Philadelphia Orchestra, the
other two orchestras in residence.
In 2011, the Dallas Symphony will perform at Carnegie
Hall. And the DSO is planning a tour of European music
capitals for the 2012-2013 season.
This is yet another example of your remarkable
generosity. When you have a symphony this good, it’s
something you want to share with others.
louise W. and edmund J. Kahn endowed the music directorship in 1989, held by
Jaap van Zweden since 2008. the hart International touring Fund, the eugene mcdermott
touring Fund, and the Fannie and stephen s. Kahn orchestra travel Fund ensure
the orchestra’s ability to perform for audiences in the u.s. and around the world.
Y o u b r i n g t h e
DAllAs symphonyt o t h e
worlD.
Last year, 60,000 North Texas children embarked on a
lifelong journey of music and learning because of you.
The DSO Kids and Studio DSO programs and websites have
engaged thousands of young people with educational
games, master classes, music and more. The North Texas
Young Composers Project provided encouragement
and opportunities for high school and college composers
from throughout the region. And the Dallas
Symphony welcomed more than 30,000 elementary
students to its award-winning Youth Concerts.
Thanks to your kindness, our future is in good hands.
B e c a u s e o f y ou,
inspirAtion r e a c hed
nEw hEights.
our programs recognize talented young musicians, like 19-year-old pianist Kyle orth,
winner of the 8th-annual lynn harrell concerto competition. the Rita sue and
Alan Gold Fund for the lynn harrell competition provides an opportunity for promising
music students to compete for prestigious scholarships and performance opportunities.
Renowned as one of the great buildings for music in the
world, the Morton H. Meyerson Symphony Center
is I. M. Pei’s architectural jewel at the heart of the 70-acre
Dallas Arts District. Your generosity supported its many
world-class facilities, including the acoustically acclaimed
Eugene McDermott Concert Hall. Now every crescendo,
glissando and diminuendo inspires an impassioned bravo.
Y o u
sEt thE stAgE f o r o v a t i o n - w o r t h y
pErFormAnCEs.
diane and hal brierley established the principal trumpet chair in 1995, held by Ryan Anthony since 2008.
Tens of thousands of music lovers around the world experienced the
Dallas Symphony in the comfort of their homes through live radio
broadcasts and world-renowned recordings. This year, the orchestra
released Tchaikovsky’s Symphony No. 5 and Capriccio italien on
the DSOLive! recording label. Recorded in January and May 2009,
this moving performance received rave reviews.
Yo u p u t t h e
DAllAs symphonyw i t h i n
rEACh.
nancy and John penson established the principal oboe chair in 1995, held by erin hannigan since 2007.
they also established the nancy p. and John G. penson dso Recording Fund in 2009. Joy and
Ron mankoff endowed the principal Flute chair in 1998, held by Jean larson Garver since 1971. howard
Rachofsky sponsored the principal horn chair in 1995, occupied by Gregory hustis since 1976.
Thanks to donors, our nationally acclaimed Young Strings program
helped more than 200 African-American and Latino children achieve
their dream of becoming accomplished musicians last year.
As a stunning example of the program’s success, every single Young
Strings graduate has gone on to college, most with full or partial
scholarships, often earning principal chairs in their college orchestras.
Many continue to lead lives filled with music. Take Catalina Aguirre,
who performs with the Las Colinas Symphony and directs orchestras
for Dallas ISD. Or Guadalupe Vargas, who conducts both the
orchestra and the mariachi programs at the Arts Magnet Middle School.
For helping our youth aspire to greatness, we applaud you.
Y o u
ElEVAtEt h e t a l e n t s
oF youth.
(clockwise from bottom left) Aakash patel, Richmond Green, bobby Gonzalez, and chanel Flowers
are four of more than 200 outstanding students this season from dallas who received professional
string instruction. the William Randolph hearst endowed Fund for young strings and the
philip R. Jonsson endowed Fund for young strings support this nationally recognized program.
We applaud the generous donors who endowed these Orchestra chairs:
Louise W. and Edmund J. Kahn Music Directorship
Dolores G. and Lawrence S. Barzune, M.D. Principal Guest Conductor
Dot and Paul Mason Principal Pops Conductor’s Podium
Michael L. Rosenberg Concertmaster Chair
Fanchon and Howard Hallam Senior Associate Concertmaster Chair
Barbara K. and Seymour R. Thum Principal Second Violin Chair
Hortense and Lawrence S. Pollock Principal Viola Chair
Fannie and Stephen S. Kahn Principal Violoncello Chair
Anonymously Endowed Principal Bass Chair
Joy and Ronald Mankoff Principal Flute Chair
Nancy P. and John G. Penson Principal Oboe Chair
Mr. and Mrs. C. Thomas May, Jr. Principal Clarinet Chair
Irene H. Wadel and Robert I. Atha, Jr. Principal Bassoon Chair
Howard E. Rachofsky Principal Horn Chair
Diane and Hal Brierley Principal Trumpet Chair
Dot and Paul Mason Principal Tuba Chair
Dr. Eugene and Charlotte Bonelli Principal Timpani Chair
Margie and William H. Seay Principal Percussion Chair
The Lay Family Resident Organist and Curator Chair
Dallas Symphony Orchestra League/Élan Circle/Innovators Staff Keyboardist Chair
Y ou
EnDowED t h e b e s t s e a t s
in thE housE.
Fanchon and howard hallam endowed the senior Associate concertmaster
chair in 1998, occupied by violinist Gary levinson since 2001.
Y o u
kEEp o u r Fo u n d a t i o n
soliD.
The Foundation Board is responsible for managing the Endowment portfolio with specific recommendations from the Investment Committee.
The committee recommends long-term investment policies and implements the approved policy through recognized investment firms.
Donald J. Stone President
Howard Hallam Vice President
Howard E. Rachofsky Vice President
Cece Smith Vice President
Gregg Ballew, Dolores Barzune, Eric Bennett, Harold M. Brierley,
Peter D. Brundage, Richard Freling, Jerry Fullinwider, Ronald
J. Gafford, Amy Groff, Scott W. Hancock, Arthur Hollingsworth,
VJ Horgan, Dana Johnson, Philip R. Jonsson, Yon Y. Jorden,
Harry J. Martin, Mrs. Eugene McDermott, Nancy Penson, Roy
G. Popham, Charles Price, Stanley A. Rabin, William L. Schilling,
Vincent Spiziri, Jr., Liz Williams and Billie Ida Williamson
Ex Officio Directors
Douglas W. Adams, William L. Green,
P. Michael McCullough and Christopher Minnes
Investment Committee
William L. Green Treasurer
Gregg Ballew, Eric Bennett,
Arthur Hollingsworth, VJ Horgan, Dana Johnson,
Howard E. Rachofsky, Cece Smith and Donald J. Stone.
T h e D a l l a s S y mp h o n y Founda t i o n
BoArDo f
DirECtors.
The assets of the Foundation were
$93.5 million at December 31, excluding the
separately managed $6.4 million Kahn
endowment. Total invested assets showed a
25% return based on year-end market values.
The investment focus of the Foundation has long
been to outperform equity markets over a market
cycle in order to produce a return that allowed a
reasonable annual distribution to the Symphony
Association, while at the same time retaining capital
for future compounded growth. This historically
has been accomplished by outperforming during
negative market periods and being competitive
in positive market periods.
The decade ending in 2009 was marked by bouts of
volatility in both stocks and bonds on a global
scale. During this period, the Board of the Foundation
remained consistent in its investment policy,
using a diversified combination of traditional and
alternative investment approaches to protect and
grow the assets that donors have generously given
to the Foundation over the years in support
of the Symphony Association. As a result, for the
decade as a whole, the cumulative return on
the invested assets of the Foundation was a positive
40% versus a negative 9% for the S&P 500, the
long-term benchmark of the Endowment Fund.
The current investment focus remains intact. While
the lessons learned in volatile markets are many
and sometimes painful, the key to success is to make
forward-looking decisions from a position of
strength. It is firmly believed that the current diversified
investment pool of the Foundation has the
potential of providing the combination of cash flow
and growth that the Foundation requires to fulfill
its current and future commitments to the Association.
WIll GReen tReAsuReR
dallas symphony Foundation
S i n c e r e l y,
e n D O W M e n T S T A T U S r e P O r T 2 0 0 9
D r. W i l l i a m L . G r e e n h a s b e e n a p r o - b o n o
a d v i s o r t o t h e F o u n d a t i o n B o a r d o n i n v e s t m e n t
s t ra t e g y s i n c e 19 82. T h e F o u n d a t i o n r e l i e s o n
Wi l l a n d h i s b r o a d n e t w o r k o f i n d u s t r y r e l a t i o n s h i p s
d e v e l o p e d o v e r 30 - p l u s y e a r s m a n a g i n g f o u n d a t i o n ,
e m p l o y e e b e n e f i t , a n d a l t e r n a t i v e i n v e s t m e n t a s s e t s.
W i l l a n d h i s w i f e , D i a n n e , h a v e b e e n d o n o r s
t o t h e D a l l a s S y m p h o n y s i n c e 1983. A f o r m e r
m a n a g e r f o r t h e p e n s i o n f u n d a n d f o u n d a t i o n
a s s e t s o f Te x a s In s t ru m e n t s , h e c u r r e n t l y i s a p r i n c i p a l
a n d c h i e f i n v e s t m e n t o f f i c e r o f F e d e r a l
S t r e e t Pa r t n e r s , a n i n v e s t m e n t f i r m i n S t a m f o r d ,
C o n n e c t i c u t . H e i s a l s o a b o a r d m e m b e r
o f t h e G e n e r a l B o a r d o f P e n s i o n a n d H e a l t h
B e n e f i t s o f t h e U n i t e d M e t h o d i s t C h u r c h.
“a s a r e s u l t , f o r t h e d e c a d e a s a w h o l e , t h e c u m u l a t i v e r e t u r n o n t h e i n v e s t e d a s s e t s o f t h e F o u n d a t i o n w a s
a p o s i t i v e 4 0 % v e r s u s a n e g a t i v e 9% f o r t h e s & p 500, t h e l o n g - t e r m b e n c h m a r k o f t h e e n d o w m e n t F u n d.”
W i l l G r e e n
D a l l a s S y m p h o n y F o u n d a t i o n
AssEt AlloCAtion
A s o F d e c e m b e R 2 0 0 9
D a l l a s S y m p h o n y F ou n d a t i o n
AlloCAtion to symphony opErAtions
$4.3 mIll Ion WAs dIstRIbuted FoR the yeAR endInG mAy 31 , 2009
absoLute return Funds 51% unrestricted 55%
musicians 13%
concert production 12%
touring 7%
education/outreach 7%
administrative 6%
common stocK 33%
Fixed income and cash
11%
other 5%
Our Hans Kreissig Legacy Society members’ love for the Dallas Symphony
is truly boundless. That’s because more than 130 legacy donors have
designated gifts to the symphony in perpetuity through wills or estate plans.
We would like to thank the 25 new members who joined the society in
2009. Your remarkable generosity serves as a brilliant coda to a life well played.
Like all our donors, the DSO’s founder and first conductor left us a priceless
legacy. Hans Kreissig was born in Germany in 1856. After studying in
London, Kreissig arrived in Dallas in 1884. In 1900, he formed the Dallas
Symphony Orchestra, which he conducted until 1912.
O u r m e m b e r s
tAkE thE Dsot o
loFty hEights.
A family tradition of support by the pollock family for over 50 years honored hortense d. and lawrence
s. pollock in 1998 for the principal Viola chair, occupied by ellen Rose, who joined the dso in 1980.
the eugene mcdermott concert hall is world-renowned for its acoustical
excellence. margie and William h. seay endowed the principal
percussion chair in 2000, occupied by douglas howard since 1975.
J a a p m a n a g e s t o b r i n g s u ch a h i g h a m o u n t o f e n e r g y t o r e h e a r s a l s . It’s l i k e a c o n c e r t p e r f o r m a n c e e v e r y d a y.Ellen Rose, Principal Viola
…th
e b
old
ly e
xpo
sed
so
los
for
trum
pet,
cel
lo a
nd
hor
n
show
ed s
trik
ing
expe
rtis
e…W
ayne
Lee
Gay
, The
Dal
las M
orni
ng N
ews
Wh
at v
an Z
wed
en h
as d
on
e in
on
ly o
ne
seas
on
wit
h t
he
DS
O h
as t
o b
e h
eard
to
be
bel
ieve
d.Sc
ott
Can
trel
l, T
he D
alla
s M
orni
ng N
ews
Every performance yields
completely different ideas
that are equally compelling.Gary Levinson, Senior Associate Concertmaster
Not many stories
of instant rapport
between a conductor
and an orchestra
match the quick
courtship of Mr.
van Zweden and the
Dallas Symphony.
Anthony Tommasini,
The Dallas Morning News
I would go to hear van Zweden
conduct anything, anywhere.Andrew Patner, Chicago Sun-Times
[Th
e] van Z
wed
en era is go
ing to
be a kn
ocko
ut.
Matt E
rikson, Fort Worth Star-Telegram
I learn something new from Jaap
at every rehearsal. Working with
him is a dream come true.
Barbara Sudweeks, Associate Principal Viola
[Van Zweden] made Tchaikovsky’s Fourth
Symphony crackle with electricity…and
the DSO responded with virtuoso playing
and impressive solos. There wasn’t a dull
measure to be heard.Olin Chism, KERA
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