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Arts Organizations Look To Draw Down Their Endowments During Crisis by Artsjournal

The Chicago Lyric Opera plans to spend $23 million from its $173 million endowment this year, almost triple what it typically takes. It canceled its season in March, furloughed staff and cut salaries, but is still facing a huge deficit. "This is an unprecedented situation," said Anthony Freud, the Lyric's general director. The Los Angeles […]

SOURCE: ArtsJournal at 09:33PM on June 2, 2020

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