MILWAUKEE (AP) -- The Milwaukee Symphony Orchestra has successfully completed an emergency $5 million fundraising drive, thanks to new donors.
The orchestra announced Wednesday that the goal had been met.
In a statement, board chairman Douglas Hagerman said the MSO board can now turn to "the big picture"-- changes to permanently stabilize and capitalize the orchestra.
Individual gifts made up the largest portion of the campaign, at $2.8 million. That included 1,408 new individual donors contributing an average gift of $340.25 each, the Milwaukee Journal Sentinel reported.
In December, the MSO announced a one-time campaign to raise $5 million to pay off a $2 million shortfall, stabilize its cash flow and plan a balanced budget for its 2014-15 season.
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