For an orchestra that Bank of America (BoA) deemed so unsustainable that it decided to foreclosure on its primary venue, the Nashville Symphony Orchestra (NSO) still manages to secure large corporate sponsors for their flagship concert series. On 6/13/2013, the NSO announced that Aegis Sciences Corporation has sponsored the orchestra’s 2013/14 Classical Concert series to the tune of $300,000.
The orchestra’s press statement includes comments from the sponsor’s CEO and founder who reinforced the value and contribution the NSO provides.
“Aegis greatly respects the difference the Nashville Symphony makes to the Middle Tennessee quality of life. We are committed to supporting the symphony talent and management, and are very proud of the partnership we have forged with this great Tennessee treasure. We have extended our financial commitment to demonstrate our confidence in their ability to deal with today’s challenges and our confidence in their future contributions to our community.”
The announcement adds to the growing amount of public sentiment in Nashville against BoA for what a 6/9/2013 editorial in The Tennessean characterized as unnecessarily putting the NSO into a no-win position.
In stark contrast to other instances in the field driven by financial challenges, the NSO has, to date, been able to secure and announce this fundraising accomplishment without using it as a bargaining chip in negotiations against their own stakeholders.
The BoA auction is scheduled for June 28, 2013.