COSA Announces $50,000 Challenge Grant
San Antonio, November 13, 2012–Coming out of a sold-out and successful concert on October 26, 2012, the Chamber Orchestra of San Antonio (COSA) has received a $50,000 challenge grant from the Tobin Endowment to create an endowment fund. Within two weeks of the challenge, COSA has already raised over $14,000 toward this goal that expires December 31, 2012. Every dollar raised will be matched by the Tobin Endowment.
“The Tobin Endowment is encouraged by the public support of the program offerings of the Chamber Orchestra of San Antonio, and impressed by the fiscal discipline exhibited by their Board of Directors, led by Paul Montalvo and Mario Vazquez, so The Tobin Endowment is making a “challenge grant” of up to $50,000, matching other supporters contributions dollar-for-dollar up to $50,000, to help provide Chamber Orchestra of San Antonio with a financial base from which to launch their future operations.” J. Bruce Bugg, Jr., Chairman and Trustee of The Tobin Endowment.
“Starting its inaugural season with a $100,000 endowment will enable COSA to build on this gift to assure long-term sustainability. The inaugural concert was fully funded, and over 75% of this season’s budget has already been raised,” said Lori Skinner, COSA’s Executive Director. “We are positioning ourselves to grow at a sustainable level, because fiscal responsibility is just as important as artistic excellence.”
The Chamber Orchestra of San Antonio is a registered 501(c)(3) non-profit organization devoted to cultivating the realm of classical music for new and versed music lovers through education, performances, and festivals that present rarely experienced as well as timeless works. In addition to the ‘typical’ concertgoer, COSA hopes to reach children and adults with special needs, the elderly, underserved populations, and minorities.