L.A. Philharmonic gets $20-million donation from GeoCities founder
Decmeber 10, 2014, 4:20 PM
A prominent Los Angeles tech entrepreneur and former board president of the L.A. Philharmonic announced Wednesday that he will give $20 million to the orchestra, half of it going to endow the top leadership position now held by Deborah Borda.
David Bohnett's pledge was made in recognition of Borda's successful tenure at the Phil. It will create the David C. Bohnett Presidential Chair and be used to underwrite at least part of the compensation of the orchestra's current and future president and chief executives.
Borda called the gift "an unexpected honor. We've been partners in running this organization for many years. It so clearly honors and reflects the institutional DNA of the Phil."
Orchestra leaders said that the other $10 million would launch the David C. Bohnett Presidential Fund for Discovery and Innovation.
The fund is intended to aid the orchestra in new audience development, including the exploration of new digital platforms and applications.
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