HomeMy WebLinkAboutC-8577-8F - Cultural Arts Grants - FY 25-26 - Class Act Music EducationL
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GRANT AGREEMENT
BETWEEN THE CITY OF NEWPORT BEACH AND
PACIFIC SYMPHONY
This Grant Agreement ("Agreement") is entered into this 25th day of March, 2025
("Effective Date"), by and between the City of Newport Beach, a California municipal
corporation and Charter City ("City"), and PACIFIC SYMPHONY, a California non-profit
corporation located at 17620 Fitch, Suite 100, Irvine, CA 92614 ("Grantee"). City and
Grantee are at times individually referred to as "Party" and collectively as "Parties" herein.
RECITALS
A. It is the policy of the City Council that the City's budget specifically allows the City
Council to direct revenue towards non-profit agencies, community groups,
community events, or enhancement projects with worthy projects or programs
which the City Council deems beneficial to the residents' quality of life.
B. Grantee requested a grant from the City for Class Act Music Education Program
("Grant Proposal").
C. The City Council determined the Grant Proposal is for a worthy project that will
benefit the City's residents' quality of life.
D. The City Council approved a grant in the amount of Five Thousand Dollars and
00/100 ($5,000.00) ("Grant Funds") to Grantee pursuant to certain conditions
regarding expenditure, reporting, and accounting requirements.
NOW, THEREFORE, the Parties agree as follows:
1. GRANT
1.1. City awards to Grantee Grant Funds in the amount of Five Thousand Dollars
and 00/100 ($5,000.00) as requested by Grantee in the Grant Proposal attached hereto
as Exhibit A and incorporated herein by reference, or such other amount as authorized
by the City Council.
1.2. Grant Funds shall be disbursed by City to Grantee as follows (select one):
M On or before May 8, 2025.
2. TERM
The term of this Agreement shall commence on the Effective Date and shall
continue in full force and effect until January 31, 2026, unless terminated earlier as
provided herein.
PACIFIC SYMPHONY Page 1
3. RESTRICTIONS ON USE OF FUNDS AND OTHER REQUIREMENTS RELATED
TO THE RECEIPT OF GRANT FUNDS
3.1. The Grant Funds are subject to the following expenditure conditions ("Approved
Uses"):
3.1.1. The Grant Funds shall be expended solely for the purposes provided
in Exhibit A;
3.1.2. The Grant Funds shall not be used for any activity that would violate
City, state or federal statutory or decisional law such as regulations affecting non-profit or
tax exempt organizations exempt from taxation pursuant to Section 501(c)(3) of the
Internal Revenue Code; and
3.2. Grantee further warrants to City that the Grant Funds will be spent solely for
the Approved Uses and the Grant Funds shall be used by Grantee during this
Agreement's term otherwise the Grant Funds shall be returned to City, as provided in
Section 5 below.
3.3. Grantee shall conduct background checks for all of its volunteers and
employees who work with minor children in relation to any project described in Grantee's
Grant Proposal. To the extent applicable, Grantee shall provide the City certification that
it has complied with this requirement prior to the receipt of Grant Funds.
4. REPORTING AND ACCOUNTING REQUIREMENTS
4.1. At all times during the term of this Agreement, Grantee shall maintain true,
proper, and complete books, records, and accounts (collectively, "Books and Records")
in which shall be entered fully and accurately all transactions taken with respect to the
operations of Grantee under the Grant Proposal and the expenditure of the Grant Funds.
Grantee shall maintain the Books and Records in accordance with Generally Accepted
Accounting Principles. Grantee shall make available to City such Books and Records
upon City's request.
4.2. If the Grantee has been audited by an independent auditor or has been the
subject of a compliance audit/examination by a grantee or regulatory agency during the
past three years, audit reports and management letters indicating compliance violations,
fraud, illegal acts, material weaknesses in internal control structure or reportable
conditions, in connection with such audits shall be delivered to the City thirty (30) days
prior to the effective date of this agreement. If no audits or events as described above
have occurred during this period, the Grantee shall provide City a written assertion that
no audits or similar examinations have occurred during the three (3) year period and an
assertion that the Grantee is not aware of any events or conditions, described above, or
other information that might reasonable impact City's decision to fund the grant as
requested.
4.3. City reserves the right to designate its own employee representative(s) or its
contracted representative(s) with a Certified Public Accounting firm who shall have the
PACIFIC SYMPHONY Page 2
right to audit Grantee's accounting procedures and internal controls of Grantee's financial
systems as they relate to the Grant Proposal and to examine any cost, revenue, payment,
claim, other records or supporting documentation resulting from any items set forth in this
Agreement. Any such audit(s) shall be undertaken by City or its representative(s) at
mutually agreed upon reasonable times and in conformance with generally accepted
auditing standards. Grantee agrees to fully cooperate with any such audit(s).
4.4. This right to audit shall extend during the length of this Agreement and for a
period of three (3) years or longer, if required by law, following the date of any Grant
Funds tendered under this Agreement. Grantee agrees to retain all necessary
records/documentation for the entire length of this audit period.
4.5. Grantee shall, upon conclusion of the event, furnish the City with a Balance
Sheet and Income Statement describing the receipt and disbursement activities of
Grantee with respect to the Grant Funds. In its sole and absolute discretion, the City may
also require Grantee to submit: (i) quarterly check registers and descriptions of each
disbursement; (ii) budget -to -actual -results; and (iii) a statement of position describing the
assets and liabilities associated with the Grant event. All reports, including a post -event
evaluation, shall be due to the City no later than forty-five (45) days following the
conclusion of the event. In the event that an independent audit is conducted, Grantee
shall forward a copy of the audited report to the City for review, including any Management
Letter, Report on Internal Controls, or Reportable Conditions letter generated during the
course of the audit.
4.6. Grantee agrees to exercise prudent financial management processes including
proper oversight of all assets, budget preparation, and timely reporting including budget -
to -actual -comparisons.
4.7. All Approved Uses shall be performed by Grantee or under Grantee's
supervision. Grantee represents that it possesses the professional and technical skills
required to perform the services required by this Agreement, and that it will perform all
services with a standard of care and in a manner commensurate with the community
professional standards and with the ordinary degree of skill and care that would be used
by other reasonably competent practitioners of the same discipline under similar
circumstances.
4.8. If Grantee has supported Political Action Committees(s) (PACs) during the past
three (3) years, the Grantee shall hire an independent auditor to perform limited, agreed -
upon testwork procedures to provide City assurance that City sponsored event profits did
not subsidize the funding of Political Action Committees (PACs) and event proceeds were
adequately segregated from funds used to support PACs. Agreed upon procedures may
include a review of a detail list of the past three (3) years of PAC contributions and
expenditures, including:
a. An identifying donor number, date and amount of each reported
contribution; and
b. A detail of expenditures sufficient enough to determine that the
expenditures were solely for PAC -related expenses; and
PACIFIC SYMPHONY Page 3
c. Any retained earnings or fund balance at the end of each fiscal year.
Substantive documentation for the contribution and expenditure should be available upon
request. City shall approve the agreed -upon testwork procedures prior to the
commencement of fieldwork.
5. USE OF GRANT FUNDS
5.1. The Grant Funds shall be used solely by Grantee for the Approved Uses and
for no other use. In the event that the Grant Funds are not used for the Approved Uses
or are not expended by or before January 16, 2026. Grantee shall notify the City in writing,
and shall be obligated to return the Grant Funds to City within thirty (30) days.
5.2. The City's grant contribution shall only be used for non-sectarian purposes.
Grantees shall not use the City's grant contribution, or any portion thereof, for any purpose
that violates local, state, or federal law, including, but not limited to, the Establishment
Clause.
6. INDEMNIFICATION
6.1. To the fullest extent permitted by law, Grantee shall indemnify, defend and hold
harmless City, its City Council, boards and commissions, officers, agents, volunteers, and
employees (collectively, the "Indemnified Parties") from and against any and all claims
(including, without limitation, claims for bodily injury, death or damage to property),
demands, obligations, damages, actions, causes of action, suits, losses, judgments,
fines, penalties, liabilities, costs and expenses (including, without limitation, attorney's
fees, disbursements and court costs) of every kind and nature whatsoever (individually,
a "Claim"; collectively, "Claims"), which may arise from or in any manner relate (directly
or indirectly) to this Agreement (including the negligent and/or willful acts, errors and/or
omissions of Grantee, its principals, officers, agents, employees, vendors, suppliers,
consultants, subcontractors, anyone employed directly or indirectly by any of them or for
whose acts they may be liable or any or all of them).
6.2. Notwithstanding the foregoing, nothing herein shall be construed to require
Grantee to indemnify the Indemnified Parties from any Claim arising from the sole
negligence or willful misconduct of the Indemnified Parties. Nothing in this indemnity shall
be construed as authorizing any award of attorney's fees in any action on or to enforce
the terms of this Agreement. This indemnity shall apply to all claims and liability
regardless of whether any insurance policies are applicable. The policy limits do not act
as a limitation upon the amount of indemnification to be provided by Grantee.
7. GRANTEE INDEPENDENCE
In the performance of this Agreement, the Grantee, and the agents and employees of
Grantee, shall act in an independent capacity and are not officers, employees or agents
of the City. The manner and means of performing the Approved Uses are under the
control of Grantee, except to the extent they are limited by statute, rule or regulation and
the expressed terms of this Agreement. Nothing in this Agreement shall be deemed to
PACIFIC SYMPHONY Page 4
constitute approval for Grantee or any of Grantee's employees or agents, to be the agents
or employees of City. Grantee shall have the responsibility for and control over the means
of performing the Approved Uses, provided that Grantee is in compliance with the terms
of this Agreement. Anything in this Agreement that may appear to give City the right to
direct Grantee as to the details of the performance or to exercise a measure of control
over Grantee shall mean only that Grantee shall follow the desires of City with respect to
the results of the Approved Uses.
8. PROHIBITION AGAINST TRANSFERS
Grantee shall not assign, sublease, hypothecate or transfer this Agreement or any of the
services to be performed under this Agreement, directly or indirectly, by operation of law
or otherwise without prior written consent of City. Any attempt to do so without written
consent of City shall be null and void.
9. NOTICES
9.1. All notices, demands, requests or approvals to be given under this Agreement
shall be given in writing and conclusively shall be deemed served when delivered
personally or on the third business day after the deposit thereof in the United States mail,
postage prepaid, first class mail, addressed as hereinafter provided.
9.2. All notices, demands, requests or approvals from Grantee to City shall be
addressed to the City at:
Attn: Library Services Director
Library Services Department
City of Newport Beach
100 Civic Center Drive
Newport Beach, CA 92660
9.3. All notices, demands, requests or approvals from City to Grantee shall be
addressed to Grantee at:
Attn: Luisa Cariaga
Pacific Symphony
17620 Fitch, Suite 100
Irvine, CA 92614
10.TERMINATION
10.1. Termination for Cause. Grantee shall be in default if Grantee fails or refuses
to perform any duty required by the Agreement or performs in a manner inconsistent with
the terms, conditions and restrictions in this Agreement. In such event, City shall give
Grantee, thirty (30) days written notice to cure, if the default can be cured and City shall
be entitled to terminate this Agreement if Grantee has not cured the default within the
thirty (30) day cure period. City shall be entitled to immediately terminate this Agreement
if the default cannot be cured through corrective action. If terminated for cause, Grant
PACIFIC SYMPHONY Page 5
Funds shall be returned to the City pursuant to Section 5. This Agreement is made on an
annual basis, and as such is subject to non -renewal at its termination.
10.2. Termination without Cause. City may terminate this Agreement at any time
with or without cause upon seven (7) days written notice to Grantee, any remaining Grant
Funds in Grantee's possession at the time of termination shall be returned to City
pursuant to Section 5.
10.3. Specific Performance. Grantee agrees that the City has the legal right, and all
necessary conditions have been satisfied, to specifically enforce Grantee's obligations
pursuant to this Agreement.
11. STANDARD PROVISIONS
11.1. Recitals. City and Grantee acknowledge that the above Recitals are true and
correct and are hereby incorporated by reference into this Agreement.
11.2. Compliance With all Laws. Grantee shall at its own cost and expense comply
with all statutes, ordinances, regulations and requirements of all governmental entities,
including federal, state, county or municipal, whether now in force or hereinafter enacted.
11.3. Waiver. A waiver by either Party of any breach, of any term, covenant or
condition contained herein shall not be deemed to be a waiver of any subsequent breach
of the same or any other term, covenant or condition contained herein, whether of the
same or a different character.
11.4. Integrated Contract. This Agreement represents the full and complete
understanding of every kind or nature whatsoever between the parties hereto, and all
preliminary negotiations and agreements of whatsoever kind or nature are merged herein.
No verbal agreement or implied covenant shall be held to vary the provisions herein.
11.5. Conflicts or Inconsistencies. In the event there are any conflicts or
inconsistencies between this Agreement and the Grant Proposal or any other
attachments attached hereto, the terms of this Agreement shall govern.
11.6. Interpretation. The terms of this Agreement shall be construed in accordance
with the meaning of the language used and shall not be construed for or against either
party by reason of the authorship of the Agreement or any other rule of construction which
might otherwise apply.
11.7. Amendments. This Agreement may be modified or amended only by a written
document executed by both Grantee and City and approved as to form by the City
Attorney.
11.8. Severability. If any term or portion of this Agreement is held to be invalid, illegal,
or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions
of this Agreement shall continue in full force and effect.
11.9. Controlling Law And Venue. The laws of the State of California shall govern
this Agreement and all matters relating to it and any action brought relating to this
PACIFIC SYMPHONY Page 6
Agreement shall be adjudicated in a court of competent jurisdiction in the County of
Orange, State of California.
11.10. Equal Opportunity Employment. Grantee represents that it is an equal
opportunity employer and it shall not discriminate against any contractor, employee or
applicant for employment because of race, religion, color, national origin, handicap,
ancestry, sex or age or any other impermissible basis under law.
11.11. No Attorney's Fees. In the event of any dispute or legal action arising under
this Agreement, the prevailing party shall not be entitled to attorney's fees.
11.12. Counterparts. This Agreement may be executed in two (2) or more
counterparts, each of which shall be deemed an original and all of which together shall
constitute one and the same instrument.
[SIGNATURES ON NEXT PAGE]
PACIFIC SYMPHONY Page 7
IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed
on the dates written below.
APPROVED AS TO FORM:
CITY ATTORNEY'S OFFICE
Date:
By:
Aaron C. Harp
City Attorney
�S
ATTEST:
Date: � �. 2
111!22Gr�L.
CITY OF NEWPORT BEACH,
A California municipal corporation
Date:
Library Services Director
GRANTEE: PACIFIC SYMPHONY, a
California ff.co Poratio
Date: 3I� lx
By: t
Jqh F rs
Chief Executive Officer
Date:
By:
Joon Leather y
Secretary
[END OF SIGNATURES]
Attachment: Exhibit A - Grant Proposal
PACIFIC SYMPHONY Page 8
Exhibit A
PACIFIC SYMPHONY Page A-1
NEWPORT BEACH CITY ARTS COMMISSION
2024-25 CULTURAL ARTS GRANT APPLICATION
(Applications must be typed or word -processed- you may reformat on the computer as long as it
appears the same: i.e. use Times New Roman 12 point and the same pagination.)
Pacific Symphony
Popular Name of Organization
Pacific Symphony Association 95-3635496
Legal Name (if different) Federal Tax ID No.
17620 Fitch, Suite 100
Mailing Address
Irvine, CA 92614-6081
City Zip
Luisa Cariaga, Director of Institutional Giving 714-876-2369
Contact Name Telephone
714-755-5789 LCariaga(a)PacificSymphony.org www.PacificSymphony.org
FAX E-mail Web Site
Orange Countv
Geographical Area Served
Have you received a City of Newport Beach Cultural Arts Grant before? Yes If so, when? May 2024
Year organization was founded 1978 Number of paid staff 50 # of active volunteers 2,436
Total amount requested: (from request line of project budget) $ 5,000
Estimated number of people in Newport Beach the proposed project(s) will serve: 794
CULTURAL ARTS GRANT APPLICATION
1. Briefly describe below your organization's purpose, mission, and goals.
Pacific Symphony's mission is to perform inspiring, entertaining and healing music, connect communities
through diverse programming, inspire youth, provide therapeutic benefits and promote the well-being of
the people we serve in southern California. The orchestra was founded in 1978 to provide classical music
concerts for the region and remains the largest American music ensemble formed in the last 50 years.
Pacific Symphony's strategic organizational goals are to: 1) Be a vibrant and inclusive cultural anchor
recognized for the public value of its work; 2) Cultivate artistic vitality and grow market share through the
continuous evolution of its work; 3) Foster wellness, spark inspiration, deepen self-awareness and nurture a
zeal for life through deeper participation with orchestral music in order to leverage positive educational and
community engagement outcomes; and 4) Build internal culture and institutional capacity.
The Symphony presents more than 100 performances for the public, serving 275,000 residents and visitors
each year. Education and community engagement programs produce more than 3,000 distinct learning and
arts participation opportunities annually. Now fully restored following the pandemic, programs and services
furnish K-12 students with interactive music enrichment through Class Act (the focus of this request) while
serving under -represented and vulnerable populations through the Heartstrings initiative and other
specially -designed and tailored programs for residents
2. Identify and describe why there is a need in the Newport Beach Community for your proposed project/
program. Include a quantitative description of the need and on what you based your findings (i.e. "Based
on a study done by the PTA, there are one hundred children in the 4th-6th grades at Newport Elementary
who have had no training with musical instruments.") Describe how you have determined that your
organization is the best organization for the proposed project/program
Class Act is unduplicated in Orange County, providing music education and arts opportunities for
students to learn directly from professional Pacific Symphony musicians. Orchestra players serve as
teaching artists, coaches and mentors, inspiring students to achieve their academic goals through music
enrichment. The program also helps schoolchildren improve key life skills from their musical studies,
which is proven to advance student scholastic performance. For example, studies at The Center for
Arts Education Research at Columbia University in 2019 cited a number of benefits in elementary and
middle -school students which included improvements in creative thinking abilities, cooperative
learning, original thought capability, and greater individual imagination. Moreover, cognitive, sound
and personal competencies were also increased.
In 2014 and 2016, the National Science Foundation researched connections between musical
instruction and attention span and discovered that music education is associated with enhanced
abilities in math, creativity, reading, cognition, critical thinking and communication skills. Music has
also been shown to improve motivation, concentration, confidence, poise and teamwork. Class Act
enhances arts learning for students in the district and has helped local music programs augment their
actitivies particularly in Newport Beach schools. Class Act is the only arts education program in
Orange County which offers the expertise of Symphony -affiliated professional musicians.
OA
Describe the specific project/program that will be funded by a cultural grant. Include how the
proposed project/program will be implemented and outline a schedule or project timeline, with planned
dates and locations. Identify individuals and groups involved, particularly artists and performers, and
describe their roles and responsibilities. Describe the background and qualifications of your
organization and key personnel to be involved in the program. Remember: the City funds only projects
and programs- not operating expenses. These projects and programs must promote community
involvement and awareness of the arts in Newport Beach.
Is this a new or existing X project/program?
Grant funds are requested for the Class Act Music Education Program in two Newport Beach schools in
2025: Andersen and Newport Coast Elementary Schools. For 30 years, Class Act has met the need for
professional music education to help Orange Cunty schools bolster student scholastic achievement.
Class Act trains and places Pacific Symphony union musicians into schools where students receive
meaningful music learning from teaching artists in the classroom. Through year -long residencies in each
school, musicians focus on the fundamentals of music through age -appropriate classroom instruction,
on -site school performances and a trip to the concert hall for a full Pacific Symphony performance.
Class Act runs from September to June each year, with student participation beginning in November.
The program staff designs Common Core curriculum -based workshop materials and lesson plans using
a theme and composer each year (2025 is "Revolutionary" with Ludwig van Beethoven). Materials are
delivered to classroom teachers during professional development and training workshops where they
learn to integrate music into all areas of learning. In -person student activities and workshops run
throughout the academic year and Youth Concerts are presented in May. Assessments and evaluations
are conducted during and after all student activities. Staff measures program effectiveness throughout
the year to monitor student progress and to ensure outcomes and goals are met.
Class Act engages the entire student body at both Andersen and Newport Coast as well as teachers and
principals (parents, administrators and volunteers also participate). There are seven musicians who serve
thirteen schools in the full 2024-25 Class Act program across the county, with schools assigned a
different musician each year. The program is led by Director of Education Leighanna Sears who joined
the staff in 2024 and leads a team of seven who manage and oversee all program components,
scheduling and activities. Since its inception, Class Act has served more than 375,000 students, teachers
and principals in Orange County over a 30-year history.
4. Define or describe the segment of the population in Newport Beach that you intend to serve by your
project/program. Include such things as age, location, numbers served, etc.
In 2025, Class Act will serve 754 children in two Newport Beach elementary schools: Andersen with
298 students and Newport Coast with 456 students, together with 38 teachers and 2 principals (794
total). Each school serves Kindergarten to 6th grade students, ages 5-11. Both schools have each
partnered with Class Act for sixteen non-consecutive years and have seen great progress in their
students with the assistance of grant support from the Newport Beach City Arts Commission.
5. Complete the project budget form. Address only the budget for the specific project, not your annual
operating budget. For multi -project proposals, please duplicate and fill out a budget for each project.
Please annotate the budget at the bottom if there are details (such as a breakdown of personnel or a
marketing budget) critical to the proposal.
PROJECT BUDGET Funding from the Funding from
EXPENSES -Personnel Citv of Newport Beach Other Sources
Artistic
2,500
20,000
Administrative
1,000
2.000
Technical Production
1,500
3,000
EXPENSES -Operating
Facility Exp./Space Rental
Marketing
Production/Exhibition
Expense
Touring/Presentation Expense
Educational Materials
Transportation
Equipment
Other (if greater than 10%,
annotate below
GRAND TOTAL
$5,000
$25,000
6. Describe the expected quantifiable outcomes of your project/program and how you will evaluate the
results. Be veryspecific in addressing the ways that you will determine that your project/program
met the needs that you identified and accomplishes the goals you set out to achieve (i.e. you provide
50 hours of musical instruction and instruments to the 100 children at Newport Elementary school as
measured by music store rental receipts and logs of instructors.)
The overall desired outcome is for K-6 elementary schoolchildren to improve their academic
achievement through the Class Act music education program. The overarching outcome for educators is
to improve their music aptitude in order to teach the arts more effectively, and augment student
learning in music. The quantifiable outcomes for 754 Newport Beach students and 38 teachers are:
a. A total of 77% or 581 of the estimated 754 students will demonstrate increased knowledge about
the Class Act composer of the year and their music. Outcomes are measured through pre- and
post -program testing, questionnaires and teacher surveys.
b. A total of 513 students out of 754 will express a desire to continue to engage in music and the
arts, representing 68% of all Class Act students. Results are quantified through pre- and post -
program surveys, along with parent/teacher comments and feedback, and student enrollment in
subsequent music and arts programs.
A total of 84% or 32 of the 38 Class Act teachers will increase their capacity to teach the arts
more effectively in the classroom and better support the Common Core. The results are measured
from teacher and principal surveys, individual interviews, one-on-one follow-up and in -person
meetings with teachers.
4
7. Attachments Requested
Please do not send material in excess of what is requested; it will not he seen by the City Arts Commission.
• A list of Board Members and their affiliations
• A recent list of individuals, corporations and foundations that provide organizational support- not
to exceed one page.
• If you are a 501(c) (3) organization attach a copy of your IRS determination letter (or your fiscal
agent's) indicating tax exempt status.
• One brochure and/or one press clipping. Do not send photos, videos, CDs or any other extraneous
material. It will not be presented to the City Arts Commission.
8. Please complete this operating budget form for 2024/2025 and 2025/2026. This is not the
project/program budget for which you are applying, but your overall organizational budget.
You may annotate at the bottom if there are details critical to the proposal.
OPERATING BUDGET
2024/2025 Budget (current) 2025/2026 Budget (projected)
I.Income cash only)
Contributed
13,768,491
14,225,750
Earned
10,264,692
10,265,195
Total Income
24,033,183
24,490,945
H.Ex enses
Program
15,858,181
15,952,300
General and Administrative
2,805,577
2,812,200
Marketing and Development
5,339,794
5,340,595
Total Expenses
24,003,552
24,105,095
M.Operating Surplus/Deficit
Income minus Expenses)
29,631
385,850
IV.Fund Balance at Beginning
(2,083,624)
(2,053,993)
of Year
V.Accumulated Surplus
(2,053,993)
(1,668,143)
(Deficit)
Add lines III and IV
VI.In-Kind Contributions
0
0
(attach schedule if greater than
10% of total income
Notes: Despite making a remarkable recovery following the pandemic with loss of ticket income
and earned revenue, the Symphony's accumulated deficit remains, as debt is slowly reduced.
9. I verify that the information submitted in this application is true and correct to the best of my
knowledge.
Name Luisa Cariaga Title Director of Institutional Giving
Signature ,CrK" (MAti Date January 7, 2025