TSO 2016/17 Annual Report

TS

Toronto Symphony Orchestra

2016/17 ANNUAL REPORT

Toronto Symphony Orchestra Peter Oundjian MUSIC DIRECTOR Sir Andrew Davis CONDUCTOR LAUREATE Steven Reineke PRINCIPAL POPS CONDUCTOR Earl Lee RBC RESIDENT CONDUCTOR & TSYO CONDUCTOR Gary Kulesha COMPOSER ADVISOR Jordan Pal RBC AFFILIATE COMPOSER VIOLINS Jonathan Crow CONCERTMASTER Tom Beck Concertmaster Chair Mark Skazinetsky ASSOCIATE CONCERTMASTER Marc-André Savoie ASSISTANT CONCERTMASTER Etsuko Kimura ASSISTANT CONCERTMASTER Paul Meyer PRINCIPAL, SECOND VIOLIN Wendy Rose ASSOCIATE PRINCIPAL, SECOND VIOLIN Eri Kosaka ASSISTANT PRINCIPAL, SECOND VIOLIN

Atis Bankas Sydney Chun Carol Lynn Fujino Amanda Goodburn Terry Holowach Bridget Hunt Amalia JoanouCanzoneri Mi Hyon Kim Shane Kim Leslie Dawn Knowles Sergei Nikonov Hyung-Sun Paik Young Dae Park Semyon Pertsovsky Peter Seminovs Jennifer Thompson Angelique Toews James Wallenberg Virginia Chen Wells Arkady Yanivker VIOLAS Teng Li PRINCIPAL Principal Viola funded

by David and Renette Berman Theresa Rudolph ASSISTANT PRINCIPAL Daniel Blackman Ivan Ivanovich Gary Labovitz Diane Leung Charmain Louis Mary Carol Nugent Christopher Redfield Kent Teeple CELLOS Joseph Johnson PRINCIPAL Principal Cello Chair funded by Dr. Armand Hammer

Emmanuelle Beaulieu Bergeron ASSOCIATE PRINCIPAL Winona Zelenka ASSISTANT PRINCIPAL Igor Gefter Marie Gelinas Roberta Janzen Britton Riley Kirk Worthington DOUBLE BASSES Jeffrey Beecher PRINCIPAL Principal Double Bass Chair annually funded by the Saunderson Family Theodore Chan Timothy Dawson Chas Elliott David Longenecker Paul Rogers FLUTES Nora Shulman PRINCIPAL Toronto Symphony Volunteer Committee Principal Flute Chair Julie Ranti ASSOCIATE PRINCIPAL Leonie Wall Camille Watts PICCOLO Camille Watts OBOES Sarah Jeffrey PRINCIPAL Principal Oboe funded by Pam and Chris Hodgson Keith Atkinson ASSOCIATE PRINCIPAL

Cary Ebli Sarah Lewis ENGLISH HORN Cary Ebli CLARINETS Joaquin Valdepeñas PRINCIPAL Sheryl L. and David W. Kerr Principal Clarinet Chair Joseph Orlowski BASSOONS Michael Sweeney PRINCIPAL

TROMBONES Gordon Wolfe PRINCIPAL Vanessa Fralick ASSOCIATE PRINCIPAL BASS TROMBONE Jeffrey Hall TUBA Mark Tetreault PRINCIPAL TIMPANI David Kent PRINCIPAL

Samuel Banks Fraser Jackson

PERCUSSION John Rudolph PRINCIPAL

CONTRABASSOON

Patricia Krueger

Fraser Jackson

HARP Heidi Van Hoesen Gorton PRINCIPAL Principal Harp funded

by Richard Rooney and Laura Dinner

HORNS Neil Deland PRINCIPAL Dr. Michael Braudo Principal Horn Chair Christopher Gongos ASSOCIATE PRINCIPAL Audrey Good Nicholas Hartman Gabriel Radford TRUMPETS Andrew McCandless PRINCIPAL Toronto Symphony Volunteer Committee Principal Trumpet Chair Steven Woomert ASSOCIATE PRINCIPAL James Gardiner James Spragg

KEYBOARD Patricia Krueger PRINCIPAL Principal Keyboard funded by Hans and Susan Brenninkmeyer LIBRARIANS Gary Corrin PRINCIPAL Principal Librarian funded

by Bob and Ann Corcoran Kim Gilmore PERSONNEL MANAGER David Kent List as of June 30, 2017

Contents Peter Oundjian: A Legacy of Leadership.......................................1 2017 Tour of Israel & Europe.......................................................... 2 Canada Mosaic.................................................................................. 3 Board of Directors............................................................................. 4 Toronto Symphony Foundation Trustees..................................... 5 Toronto Symphony Volunteer Committee Board...................... 6 Honorary Governors’ Circle............................................................ 6 Message from the Board Chair...................................................... 7 2016/17 Season in Review............................................................... 8

CEO’s Message................................................................................ 10 The TSO’s Path to Financial Recovery........................................ 12 TSO Fundraising for Annual Operations 2016/17..................... 13 TSO Donors...................................................................................... 14 Government Support..................................................................... 21 Corporate Partners......................................................................... 21 Financial Statements.......................................................................22 Notes to the Financial Statements..............................................26 Administrative Staff.........................................................................29

Peter Oundjian: A Legacy of Leadership The 2017/18 season will be Peter Oundjian’s 14th and final one as TSO Music Director. Over the course of his extraordinary tenure—the second longest in the TSO’s history—Peter has made a tremendous impact on the TSO and the culture of Toronto.

Peter’s transformational leadership has been most evident in the areas of artistic development, touring, and community engagement.

Throughout his term, Peter created two successful annual festivals—the Mozart Festival and the New Creations Festival—and established The Decades Project.

Peter has selected 40% of the Orchestra’s current roster of outstanding musicians, and he has conducted the TSO on eight recordings including the JUNO-nominated recording of Rimsky-Korsakov’s Sheherazade on the Chandos label.

Peter has led the Orchestra on eight international tours, including the TSO’s return to Carnegie Hall in 2008 after a 10-year absence, and another appearance there in 2011. As part of a European tour in 2014, Peter conducted the TSO in the first performance by a North American orchestra at Reykjavik’s Harpa Hall. And in 2017, Peter and the Orchestra took part in the TSO’s first-ever tour of Israel.

Peter’s many contributions to the TSO and the city include community partnerships with the Luminato Festival, the Regent Park School of Music, the Pan Am/ Parapan Am Games, and the Toronto Blue Jays. He established the annual Chinese New Year Celebration, conducted a benefit concert for The Hospital for Sick Children (SickKids), and led the TSO on numerous Northern Ontario residencies.

Music Director Peter Oundjian and the TSO receive applause at the Charles Bronfman Auditorium in Tel Aviv, Israel.

“By any account—orchestral standards, innovative programming, recording, and tours—Oundjian’s long tenure has been spectacularly successful.”

—Musical Toronto

The Toronto Symphony Orchestra is exceedingly grateful to Peter for his vision and leadership over the years. To recognize his many accomplishments, Peter will be honoured with the title of Conductor Emeritus when he completes his tenure at the end of the current season.

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2017 Tour of Israel & Europe From May 7 to 22, 2017, the Toronto Symphony Orchestra was proud to act as a cultural emissary for Canada during its sesquicentennial year by taking part in an important international tour.

Appearing in Israel for the first time in its history, the TSO performed concerts in Jerusalem and Tel Aviv, before travelling to Europe and playing in Vienna, Regensburg, Prague, and Essen.

In Israel, the distinguished IsraeliRussian violinist Maxim Vengerov joined Music Director Peter Oundjian and the Orchestra for performances of Brahms’s Violin Concerto. On the European leg of the tour, along with Vengerov, celebrated Canadian pianist Jan Lisiecki and dazzling Canadian soprano Carla Huhtanen were featured as soloists in performances of Schumann’s Piano Concerto and Boulez’s Le soleil des eaux, respectively.

Orchestra members, staff, and tour patrons pose in front of the Old City of Jerusalem.

Concerts on the 2017 Tour of Israel & Europe, which was fully funded by many generous supporters, were held at some of the most prestigious

venues and music festivals in the world—including the Prague Spring International Music Festival—and inspired rave reviews.

Thank you to our supporters for making the TSO’s Tour of Israel & Europe possible.

Government support

Donor support Lead Patrons of the TSO’s 2017 Tour of Israel & Europe: The Renette and David Berman Family Foundation Rags & Indra Davloor

We acknowledge the support of the Canada Council for the Arts, which last year invested $153 million to bring the arts to Canadians throughout the country.

Nous remercions le Conseil des arts du Canada de son soutien. L’an dernier, le Conseil a investi 153 millions de dollars pour mettre de l’art dans la vie des Canadiennes et des Canadiens de tout le pays.

The tour was also made possible in part by the generous support* of the following individuals and corporations: The Azrieli Foundation Catherine Beck & Laurence Rubin Samuel and Frances Belzberg Foundation Canderel Robert & Ann Corcoran Stephen & Karen Diamond Elliott & Wendy Eisen Robert & Ellen Eisenberg Olga Fershaloff Galin Foundation Ira Gluskin & Maxine Granovsky Gluskin Goodmans LLP Joyce Gutmann

H&R REIT Kai-Lin Karin Hwang & Judson Lew Shannon Hyland & Larry Andrews The Dianne and Irving Kipnes Foundation Jon Love Jerry & Joan Lozinski Fred & Cecile Metrick Florence Minz Bettie Moore Jacqueline Moss Marianne Oundjian Peter Oundjian Andrew Phillips

Richard & Karen Pilosof In memory of Soloman & Malvina Pollack Panni Relle Wendy Sanford The Gerald Schwartz and Heather Reisman Foundation Dorothy Shoichet Saul & Thelma Shulman Edward & Fran Sonshine Maureen & Wayne Squibb Tricon Capital Group Inc. Luc & Pamela Vanneste Harold & Carole Wolfe Anonymous *Gifts of $5,000 or more

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Canada Mosaic To mark the 150th anniversary of Confederation, the Toronto Symphony Orchestra is presenting Canada Mosaic—a year-long, national celebration of the nation’s diverse musical landscape and a Canada 150 Signature Project funded in part by the Government of Canada.

The TSO is proud to lead this important cultural project, which commemorates Canada’s rich musical past, present, and future through performance, education, innovation, and collaboration with orchestras in every province and territory. Canada Mosaic comprises three main components:

Commissions & partner orchestras In partnership with 40 Canadian orchestras, hailing from every province and two territories, the TSO has commissioned Canadian composers to write two-minute orchestral works. These “Sesquies” are premièred by the TSO in Toronto, and by partner orchestras in their local communities. In addition, the TSO commissioned 12 large-scale Canadian compositions, many of which are being performed by professional and amateur orchestras across Canada.

Website & e-learning The TSO has developed a website and free digital learning platform— TSO.CA/CanadaMosaic—that highlights the nation’s unique musical heritage through recorded TSO concerts, lesson plans, and other interactive educational resources.

Musical legacy The TSO is performing musical tributes and thematic programs dedicated to showcasing existing Canadian orchestral music and celebrating trailblazing Canadian artists.

The first half of Canada Mosaic (January–June 2017) was an astounding success. The Sesquies

Using data from Statistics Canada, the TSO invited singers to record “O Canada” in 12 of the most commonly spoken languages. The result was an interactive experience called Our Shared Anthem.

demonstrated a diversity— in orchestration, mood, and inspiration—that reflects the very fabric of the nation. Other programming included Canadian classical and popular music; new pieces by acclaimed composers such as Nicole Lizée, Vincent Ho, and Owen Pallett; and powerhouse performances by celebrated guest artists including throat singer Tanya Tagaq, violinist James Ehnes, and singer-songwriter Carly Rae Jepsen.

To reach the largest audience possible, most performances were recorded, posted to the Canada Mosaic website, and shared on the TSO’s social media platforms. These recordings form the basis of the e-learning modules, which educators across the country can use as a resource to teach their students about Canadian music.

Canada Mosaic (January– June 2017) by the numbers • 28 TSO performances at Roy Thomson Hall for 57,767 patrons • 35 partner-orchestra performances in 22 cities across the country for 28,289 patrons • 58 works recorded (video and audio) • 31 recordings broadcast on TV, radio, and the Canada Mosaic website to a combined audience of over 2 million • 5 e-learning modules developed and posted on the Canada Mosaic website in English and French • 121,564 users accessed the e-learning modules in Canada (including in every province and territory) and 148 other countries • 150 features and articles published

A Signature Project of Canada 150

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Board of Directors The TSO Board of Directors is legally responsible for the governance of the corporation. Within this mandate is the expectation that the Board will develop, implement, and monitor policies allowing the organization to carry out its work.

Catherine Beck, Chair

Rags Davloor, Vice-Chair & Treasurer

Eileen Jurczak, MBA, CFA, Secretary

Joanne Colbourne, TSVC Co-President

Robert W. Corcoran

Sharon Groom

Councillor Norm Kelly

Vahan Kololian

Noelle Richardson

Luke Seabrook

Board members as of June 30, 2017

Brian Shaw

Tom Smee

Debra Walker, TSVC Co-President

Jacqueline Moss, RTH Liaison Representative

The Toronto Symphony Orchestra gratefully acknowledges the following Board members who completed their service during the 2016/17 season: Board Chair Richard Phillips, Pat Baker, Sonia Baxendale, Renette Berman, Diane Francis, Blake Goldring, Peter Levitt, William Morris, John Novak, and William B. Thomas. The TSO welcomes the following members who joined the Board in 2016/17: Sharon Groom and Brian Shaw.

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Toronto Symphony Foundation Trustees The Toronto Symphony Foundation (TSF) was incorporated in 1966, operates separately from the TSO, and is governed by a Board of Trustees.

Funds invested by the TSF generate earnings that provide a stable and consistent revenue stream for the TSO over the long term.

Lawrence A. Ward, FCPA, FCA, Chair

Thomas C. MacMillan, Vice-Chair

Richard Balfour

Thomas Bogart

Ira Gluskin

Trustees as of June 30, 2017

Dr. Noelle Grace

Sheila Murray

John Nagel

John Sherrington

The Trustees of the Toronto Symphony Foundation also include TSO Board Chair Catherine Beck and TSO Board Vice-Chair & Treasurer Rags Davloor.

TSO Board Committees Finance & Audit Committee Rags Davloor, Chair Vahan Kololian Bill Saunderson Ziyad Mansour* Catherine Beck (ex officio) Gary Hanson (ex officio) Nominations & Governance Committee Sharon Groom, Chair Noelle Richardson Tom Smee Roberta Smith* Catherine Beck (ex officio) Gary Hanson (ex officio) Development Committee Catherine Beck, Chair Robert W. Corcoran

Rags Davloor M. George Lewis Luke Seabrook Brian Shaw Sarah Bullick* Gary Hanson (ex officio) Government, Community & Education Committee Noelle Richardson, Chair Joanne Colbourne Sarah Jeffrey Councillor Norm Kelly The Honourable Bob Rae Debra Walker Roberta Smith* Catherine Beck (ex officio) Gary Hanson (ex officio) *Senior staff member

Maestro’s Club Ambassadors David G. Hallman, Chair Judy Dunn, Vice-Chair Peter Levitt, Past Chair Olga Fershaloff Michael Gnat Donna Goldman Bryan Graham Maymar Naman Young Leadership Council Dustin Cohen, Co-Chair Danielle Ryterband, Co-Chair Eileen Jurczak, MBA, CFA, Founding & Past Co-Chair James Bertrand Tricia Black

TSO 2016/17 ANNUAL REPORT • 5

Natalie D’Aoust Nicole D’Aoust Scott Darling Theodora Ferrant Jesse Goldman Adrian Ishak Robert Karrass Lawrence Kim Andrew Kwong Jelena Rakovac Rachel Spiar Brocke Weir

Toronto Symphony Volunteer Committee Board Formed in 1923 as the Women’s Orchestral Association, the Toronto Symphony Volunteer Committee is dedicated to contributing to the financial support of the TSO through fundraising, and to expanding awareness of its musical and educational programs.

CO-PRESIDENTS Joanne Colbourne Debra Walker VICE-PRESIDENTS Joan Hart Liz Nichol Marcia Skilling

SECRETARY Simone Katz ADVISORS Rae Dellio Joyce Gutmann Shirley Mitchell Wendy Sanford Barbara Trull

TREASURER Susan Davies

BOARD CHAIRS Marie Adams Andrea Alexander Houry Artinian Kathy Buckworth Olga Fershaloff Sandra Gopaul Joan Hart Priscilla Healy Krista MacFarlane Shirley Mitchell

Thao Nguyen Liz Nichol Heather Oda Judy Rathbun Marg Shaw Maggy Stepanian Aili Suurallik List as of June 30, 2017

Honorary Governors’ Circle The TSO recognizes the support and dedication of those who have served the TSO as Board members, Trustees, and members of the Governors’ Council.

The following list acknowledges those former leaders who have chosen to become members of the Honorary Governors’ Circle, and to act as honorary ambassadors for the TSO.

CO-CHAIRS Robert W. Corcoran William J. Saunderson, FCPA, FCA Andrea Alexander John F. Bankes Nani Beutel J. Richard Blickstead William Braithwaite William H. Broadhurst E. Ann Buik Claude Carrier Douglas Clark David Colcleugh Earlaine Collins Douglas L. Derry George Dickson E. Peter Elwood Hershell Ezrin Fraser M. Fell, CM, QC

John R. Gardner Nance J. Gelber Robert T. E. Gillespie Mary Girard Elizabeth (Betty) Glave Ira Gluskin Bryan Graham, FCA Frances Gruber Stanley H. Hartt, OC, QC Ron Hay Nona MacDonald Heaslip Mary Heinmaa David C. Higginbotham, FCPA, FCA Andrea Hopson Roberta Innes Brian W. Jones Fred Karp Sheryl L. Kerr Stanley Klebanoff Irving H. Koven

George W. Lange Marion G. Langford Nora S. Lever Ana P. Lopes, CM Eunice Lumsden Virginia McLaughlin Florence Minz Reid Morden, CM John F. Nagel Nelly W. Ng Heather Oda David H. Race The Honorable Bob Rae Grant L. Reuber T. Iain Ronald Barrie D. Rose Dr. Robert Rottapel Kenneth G. Russell Samuel Sarick Stanley Shortt Judy Simmonds

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Carole Smith Alan Sperling Joan Taylor Philip Taylor Stephen N. Tile George Tiviluk Gordon W. Walker, QC Lawrence A. Ward, FCPA, FCA Peter J. Warrian Robert D. Weese Robert S. Weiss, FCPA, FCA Donald O. Wood List as of June 30, 2017

Message from the Board Chair Our perennial goal is to make the TSO one of the world-class cultural experiences in our city—synonymous with Toronto, a must-see date on the calendar for locals and visitors. To that end, we can report on the milestones of the year just past, and transformations planned for the ones upcoming.

First, though, I would like to give credit where it is due.

I wish to highlight a number of people who are key to our success at the TSO, beginning with the person with whom I have had the good fortune to work closely, Interim Chief Executive Officer Gary Hanson. Gary’s perspicacity is invaluable, and we are fortunate that, among his many other responsibilities, he is helping us select his successor.

The leadership of the Toronto Symphony Foundation, specifically outgoing Chair Larry Ward and incoming Chair Tom MacMillan, must be acknowledged as well. Larry guided the Foundation for four-plus years, including a challenging 2016, and Tom’s leadership will continue to ensure the long-term growth and stability of the Orchestra.

A special thank you and a salute to Music Director Peter Oundjian, who enters the 2017/18 season as his 14th, and the final one at our helm. This year promises to show the Maestro in full flourish, with a number of outstanding concerts demonstrating the breadth of his contributions.

My greatest pleasure is to praise the symphony musicians.

Becoming Chair has given me the opportunity to get to know each of them—to understand why they chose this route in life, the dedication required to achieve their current standing, and how they give back to the audience and greater community in various ways. On behalf of the Board, we thank you.

As to the Board, our priorities are to augment the Orchestra’s artistic reach and establish our institution on sensible and sustainable footings. This past year, the TSO made a groundbreaking and much-lauded tour of Vienna, Prague, Tel Aviv, and Jerusalem. We also produced a detailed four-year financial plan that brings costs in line, reduces the accumulated deficit, and increases the endowment. For the first time, this Annual Report contains our complete audited financial statements and notes, together with the first signs of our plan’s success.

We have also taken important steps to ensure our Board members are among the leading contributors in annual

Gary Hanson, Peter Oundjian, and Catherine Beck.

donations and special gifts, and are responsible for developing new sources of philanthropic income for the organization. To underline the latter, I have taken on the role of Chair of the Board’s Development Committee.

We gratefully acknowledge the work of our TSO staff; our volunteers; BMO Financial Group, the TSO’s Season Presenting Sponsor for a sixth consecutive year; immediate past Board Chair Richard Phillips; and past Interim President & CEO Sonia Baxendale; as well as the important support we receive from the Canada Council for the Arts, the Ontario Arts Council, and the City of Toronto.

We are excited for what is to come.

Catherine Beck Chair, Board of Directors

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2016/17 Season in Review

TSO Music Director Peter Oundjian conducts the Orchestra in a performance of a Sesquie (two-minute piece for Canada Mosaic) as part of the New Creations Festival.

Season breakdown In its 95th concert season, the Toronto Symphony Orchestra presented 125 performances to the community. These comprised 115 at Roy Thomson Hall, including 18 School Concerts; six at Koerner Hall; three at George Weston Recital Hall; and one at the TSO’s original home of Massey Hall.

The TSO also performed nine concerts while on two successful tours: The 2017 Tour of Ottawa & Montreal brought a performance to each city, and the 2017 Tour of Israel & Europe included concerts in Jerusalem, Tel Aviv, Vienna, Regensburg, and Essen, and two performances in Prague.

Throughout the season, the Orchestra presented 18 World Premières and three Canadian Premières. The TSO also commissioned 32 works. This unprecedented number is a direct result of the Canada Mosaic project, funded in part by the Government of Canada.

Total attendance for the TSO’s 2016/17 season was 258,806, and the number of first-time attendees was 22,736.

Artistic achievements Over the course of the season, 22 guest artists, nine of whom were Canadian, made their TSO débuts.

The Orchestra also welcomed back some of classical music’s most celebrated performers including Renée Fleming (who lent her stunning voice to the TSO’s Opening Night concert), Itzhak Perlman, Yuja Wang, and Emanuel Ax. In the winter, the TSO held two critically acclaimed festivals. The Mozart@261 Festival was co-curated

by Music Director Peter Oundjian and Bernard Labadie, and took place in Koerner Hall. The New Creations Festival—featuring significant Canada Mosaic content—was curated by composer Owen Pallett and included a diverse roster of guest artists performing new works by many accomplished composers.

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The final installment of The Decades Project was presented at the end of the season. The concerts brought the ’30s to life in three monumental programs: Belshazzar’s Feast, led

by TSO Conductor Laureate Sir Andrew Davis; The Seven Deadly Sins, featuring mezzo-soprano Wallis Giunta in a new, semi-staged production by Joel Ivany; and Carmina Burana, with Peter Oundjian conducting four performances of Orff’s choral spectacular.

Rounding out the 2016/17 season were a number of crowd-pleasing series, including the ever-popular films with live orchestra; the Pops Series, programmed by TSO Principal Pops Conductor Steven Reineke; the Young People’s Concerts; and the intimate pre-concert performances by The TSO Chamber Soloists, curated by Concertmaster Jonathan Crow.

Music education The TSO presented 18 School Concerts to 36,694 GTA students and their teachers in the 2016/17 season.

Peter Oundjian leads the TSO, the Toronto Mendelssohn Choir, the Toronto Children’s Chorus, and soloists in a performance of Carmina Burana.

These entertaining, curriculum-based performances take place in Roy Thomson Hall and are designed by TSO education staff in consultation with music coordinators from school boards in the Greater Toronto Area.

High school students from across the region had the opportunity to experience the Orchestra live through the Morning with the Toronto Symphony Orchestra open-rehearsal program. These youth were given a rare glimpse into how the Orchestra prepares for a performance, including an opportunity to meet with a TSO musician for a Q&A. In 2016/17, the Toronto Symphony Youth Orchestra (TSYO)—comprising 84 talented young musicians led by TSYO Artistic Director & Conductor Earl Lee—performed three concerts in Toronto and three side-by-side performances with the TSO on the Tour of Ottawa & Montreal.

Community involvement In an effort to engage with local communities, the TSO was pleased to partner with many of the city’s most outstanding organizations throughout the 2016/17 season. Programming included collaborations with The Royal Conservatory of Music (the Mozart@261 Festival), the Art Gallery

Excited students arrive at Roy Thomson Hall for a TSO School Concert.

of Ontario (The Decades Project), TIFF (films with live orchestra), and Pride Toronto (The Seven Deadly Sins).

Orchestra personnel In 2016/17, the TSO bid a fond farewell to two long-standing members of the Orchestra: Principal Keyboard Patricia Krueger, who officially joined the Orchestra in 1977 under the directorship of Walter Susskind and was a member for 40 years, retired in January 2017.

Principal Flute Nora Shulman, who was appointed to her position in 1986 by Sir Andrew Davis after joining the Orchestra as Associate Principal Flute in 1974, retired at the

TSO 2016/17 ANNUAL REPORT • 9

end of the 2016/17 season after 43 years with the TSO. In January 2017, the Orchestra welcomed Nicholas Hartman to the position of Fourth Horn. Moreover, since the end of the fiscal year, the following seven musicians have joined the TSO: Charles Settle, Principal Percussion; Kelly Zimba, Principal Flute; Michael Chiarello, Associate Principal Double Bass; Alastair Eng, Cello; Miles Jaques, Bass Clarinet; Douglas Kwon, Violin; and Clare Semes, Violin.

CEO’s Message I am pleased to report that the Toronto Symphony Orchestra is on a path to financial stability.

Over the course of last season, the TSO’s executive team carried out a detailed and comprehensive analysis of our financial strengths and weaknesses. Making an unvarnished assessment uncovered challenges that have dogged the TSO for years, while revealing steps that we can take to achieve fiscal stability. The result is the most rigorous strategic plan ever created at the TSO. Using conservative baselines and achievable growth projections, the plan involves restoring net operating revenues, slowing the growth of fixed expenses, and increasing annual renewable fundraising—and doing so simultaneously (see page 12).

In order to be financially stable, an orchestra must also be artistically excellent. The fact that the Toronto Symphony Orchestra is an artistically strong institution was made apparent in landmark events throughout the 2016/17 season—including Canada Mosaic (see page 3) and the Tour of Israel & Europe (see page 2). Indeed, the calibre of the artistry demonstrated by the members of the Orchestra is consistently outstanding. My career has allowed me to attend concerts performed by virtually every major orchestra on the planet, and I can say with full confidence that the TSO’s musicians are among the best in the world.

Going forward, we want to make our musicians, and the ensemble they comprise, the focus of our programming and our pride.

Music Director Peter Oundjian deserves enormous credit for the Orchestra’s triumphs. When he assumed the role of Music Director more than 13 years ago, Peter breathed new life into the Orchestra and he electrified audiences. I thank Peter sincerely for his vital role in the success of 2016/17, and for his remarkable legacy as this institution’s artistic leader.

Indeed, there is no role more important to the success of a symphony orchestra than that of the Music Director, which is why I am pleased to report that our process to select Peter’s successor is progressing well. Moreover, for two seasons between permanent Music Directors, the TSO is delighted to welcome its Conductor Laureate, Sir Andrew Davis, in the role of Interim Artistic Director.

The TSO has a truly great leader in Board Chair Cathy Beck. Cathy is as generous as she is uncompromising in her commitment to seeing the Orchestra succeed both financially and artistically. I am grateful to Cathy and the other members of the Board of Directors for their invaluable leadership in 2016/17.

I would like to recognize the Trustees of the Toronto Symphony Foundation for generously supporting the TSO and helping ensure its longevity. The passionate members of the Board of the Toronto Symphony Volunteer Committee, who continue to raise funds for the TSO’s operations and education programs, deserve our appreciation as well.

My thanks to Sonia Baxendale, who served as Interim President & CEO of the TSO during the first part of the season, and former Board Chair Richard Phillips, who together saw the TSO through a very crucial time for the organization.

The musicians of the Orchestra directly contributed to the TSO’s positive financial results in 2016/17 by selflessly accepting a one-year contract extension with no pay increase. I am grateful to them and to their Orchestra Committee, under the leadership of Shane Kim, for the successful negotiation of a new three-year Master Agreement before the beginning of the 2017/18 season.

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The work of the TSO staff is almost entirely behind the scenes. Nevertheless, the members of the TSO’s highly professional administration deserve recognition and thanks from all of us for the essential part they play in the organization’s accomplishments.

No TSO constituency is more important than you, the readers of this Annual Report, who contribute private philanthropy and public subsidy to support this great institution.

All three levels of government provide meaningful operating grants to support the symphony. Last year, these grants totalled more than $5 million, representing 17% of our overall revenue. These generous grants to the TSO are part of the institution’s lifeblood, making possible the broad range of artistic achievement and community service.

We are very grateful to the Board and staff of the Ontario Arts Council, led by Peter Caldwell, Director and CEO, who have watched closely the symphony’s trajectory in recent years and applied appropriately rigorous criteria to the adjudication of our grants. Likewise, the Canada Council for the Arts, under the direction of Simon Brault, Director & CEO, provides the TSO with an annual grant in support of continued artistic excellence, devotion to Canadian composers and artists, and service to the broader community. Lastly, the City of Toronto remains an important and generous financial supporter of the TSO, something the City has been every year since 1943.

This season, 2017/18, is the 75th anniversary of the City of Toronto’s annual support of its symphony orchestra.

No other source, public or private, comes close to this unbroken record of long-term support.

Throughout 2017, the Toronto Symphony Orchestra is proud and grateful to be collaborating with the Department of Canadian Heritage on what is by far the largest-ever effort to commission and present Canadian compositions

by Canadian artists. The resulting Canada Mosaic project is described on page 3 of this report. We are grateful to the Minister of Canadian Heritage, Mélanie Joly, and Andrew Campbell, Senior Executive Director, Federal Secretariat, Canada 150, whose vision and enthusiasm allowed the TSO to conceive, develop, and manage a

program that will leave a lasting artistic impact of our nation’s sesquicentennial celebrations.

Over the course of the past decade, orchestras everywhere have seen a shift in which private philanthropy has become the largest single source of revenue, surpassing even annual revenue from ticket sales. The TSO crossed this threshold recently, and we are deeply grateful to the thousands of individuals, corporations, and private foundations who provide vital support and who recognize that no cultural asset is more important to our community than the Toronto Symphony Orchestra.

The generous donors and sponsors who gave to the TSO in 2016/17 are detailed by name in this Annual Report between pages 14 and 21, and a number of them are worthy of very special mention: Mrs. Mary Beck, together with her husband H. Thomas Beck who passed away in 2016, has been a steadfast supporter of the TSO for roughly four decades. Sheryl & David Kerr and Richard Rooney & Laura Dinner are long-time donors and are early supporters of the TSO’s Transition Fund. Ira Gluskin & Maxine Granovsky Gluskin contributed significantly to our activities at home and on tour. BMO Financial Group has been the TSO’s Season Presenting Sponsor since 2011. Bettie Moore gave generously in celebration of the memory of her late husband, Donald. Scotiabank has been our Pops Series Sponsor for the past five years.

We also recognize Robert & Ann Corcoran, not only for their years of giving, but also for Bob’s 25 years of service on our Board of Directors. Our top category of annual giving also includes two couples, Renette & David Berman and Indra & Rags Davloor, whose vision, advocacy, and generosity made possible the TSO’s historic Tour of Israel & Europe this past season.

To those named above, and to everyone who supports this outstanding orchestra, I thank you most sincerely.

Gary Hanson Interim Chief Executive Officer

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The TSO’s Path to Financial Recovery

Beginning in December 2016, the TSO undertook an objective analysis of its overall financial performance.

Board and management carried out a detailed, multi-year study of the institution’s situation, in particular, its chronic fiscal weakness.

What did we learn? Net revenues from our core business of concert production and presentation had declined significantly. As recently as 2014, the direct costs of presenting concerts was $6.3 million, producing revenues of $9.5 million. Since then, the net numbers took a downturn with concert costs up to $7.7 million but without an increase in the associated revenue.

Meanwhile, non-artistic expenses, especially marketing and administration, increased dramatically. As a result, the need for contributed revenues ballooned, and balanced budgets were often the product of end-of-year, urgent fundraising appeals.

The TSO needs rigorous, meticulous

In each of these areas, the message is clear: the TSO needs rigorous, meticulous renewal, not earth-shaking revolution.

To effect a durable financial restoration will take time and thus this plan will be fully implemented over the course of four fiscal years. That’s the time needed to turn around the concert business, to grow the base of annually renewable philanthropy, and to strengthen the balance sheet. In the end, the annual budget will be balanced because predictable ongoing expenses will be matched with annually renewable earned and contributed revenues.

Over the course of those four years, a special “Transition Fund” is required. A total of $12 million (over and above annual fundraising) is needed—$5 million to bridge the annual budget while core business operations improve, and $7 million to eliminate the balance sheet deficiency.

In the end, the annual budget will be balanced.

renewal, not earth-shaking revolution.

The resulting 4-Year Path to Financial Recovery outlines a reliable program to achieve long-term stability. Its budgetary goals include restoring the TSO’s previously healthy net results from concert performances and limiting the growth of fixed costs. In particular, the plan addresses the TSO’s annual and accumulated deficits.

The plan primarily addresses the numbers, but it is nevertheless equally concerned with thoughtful approaches to: • Ongoing artistic achievement • Broader community engagement • Rigorous new governance practices

The year ended June 30, 2017, comprises Year 1 of the plan and we finished the year successfully. Most dramatically, significant increases in administration and marketing expenses were reversed, with savings over the previous year of more than $2 million in these two areas alone. More importantly, Year 1 of the plan ended with gifts and pledges to the Transition Fund totalling more than $6 million of the $12 million goal. As planned, almost $1.4 million of this amount was applied to the 2016/17 fiscal year.

As noted above, fiscal health alone is not enough. At the same time, significant steps are being made to ensure ongoing artistic health. For example, we are filling long-standing vacancies in the Orchestra (see the final paragraph on page 9); we are building a board of generous, engaged community leaders who love music and care about the institution; and we are creating a vision for deeper and broader engagement with our diverse communities.

12 • TSO 2016/17 ANNUAL REPORT

Finally, and most importantly, successful implementation of the 4-Year Plan will permit the TSO and the Toronto Symphony Foundation to aggressively pursue endowment growth. Even while soliciting funds for the Transition Fund, quiet preparations are being made to double the Orchestra’s endowment over the coming decade.

Year 1 of the plan ended with gifts and pledges to the Transition Fund totalling more than $6 million of the $12 million goal.

We are eager to share the details of the plan and its progress with donors and supporters who want to help ensure the TSO’s future. If you would like to learn more or are able to contribute, please contact Cathy Beck at cbeck@TSO.CA or Gary Hanson at ghanson@TSO.CA. Your support will make all the difference.

TSO Fundraising for Annual Operations 2016/17 Year ended June 30, 2017

Year ended June 30, 2016

Annual $

Transition Fund Year 1 $

Other special $

Tours $

Total $

Total $

Board & Trustees

754,685

315,000

–

928,085

1,997,770

1,799,340

Other individuals

3,521,637

954,143

80,000

1,122,745

5,678,525

5,147,331

–

–

398,889

–

398,889

1,581,190

1,144,903

90,000

–

10,000

1,244,903

895,569

349,673

–

–

154,800

504,473

336,080

26,973

–

–

–

26,973

24,506

5,797,871

1,359,143

478,889

2,215,630

9,851,533

9,784,016

Bequests Corporations Foundations Miscellaneous Total

TSO 2016/17 ANNUAL REPORT • 13

TSO Donors: Cumulative & Annual Giving ANNUAL GIVING

CUMULATIVE GIVING Benefactors’ Circle

Mrs. Ethel Harris

The Benefactors’ Circle recognizes the extraordinary philanthropic commitment of donors whose cumulative giving totals $500,000 or more since 1985.

William & Nona Heaslip

$7,500,000+

Pam & Chris Hodgson Imperial Oil Foundation Invesco Ltd. Joseph E. Seagram & Sons Ltd.

H. Thomas and Mary Beck

Mr. Allan Kimberley & Ms. Pam Spackman

$5,000,000–$7,499,999

KPMG

Judith (Billie) R. Wilder

M. George & Leanne Lewis

$2,000,000–$4,999,999 The McLean Foundation

This list reflects gifts in support of the TSO’s annual operations, special projects, and Transition Fund given between July 1, 2016 and June 30, 2017.

Founders Club

$100,000–$149,999

The Founders Club recognizes the visionary leadership of donors who are making annual gifts of $100,000 or more. Founders Club donors are key investors in the TSO’s current and future success.

The William R. and Shirley Beatty Charitable Foundation

$300,000+

Mr. Thomas C. MacMillan*

H. Thomas and Mary Beck+*

Mr. Andrew G. Phillips

The Renette & David Berman Family Foundation

The Catherine and Maxwell Meighen Foundation

The Renette & David Berman Family Foundation*

BMO Financial Group

Bettie Moore, in memory of Donald Moore

Anonymous (1)

Mr. Richard Phillips

$200,000–$299,999

PwC

BMO Financial Group

RBC Foundation

Indra & Rags Davloor

RBC Wealth Management

Ira Gluskin & Maxine Granovsky Gluskin*

Robert & Ann Corcoran Sheryl L. & David W. Kerr Toronto Symphony Volunteer Committee Phyllis & William R. Waters Anonymous (2)

$500,000–$1,999,999 The late Dr. Michael Braudo Hans & Susan Brenninkmeyer CIBC

Richard Rooney & Laura Dinner Barrie D. Rose and Family William & Meredith Saunderson Scotiabank The Estate of James Drewry Stewart

Sheryl L. & David W. Kerr+

Bettie Moore, in memory of Donald Moore*

Indra & Rags Davloor

TD Bank Group

Desjardins Group

Tippet-Richardson Limited

Hans & Susan Brenninkmeyer*

Ira Gluskin & Maxine Granovsky Gluskin Charitable Foundation Blake C. Goldring James & Joyce Gutmann

Music Director’s Circle The Music Director’s Circle recognizes the generosity of donors who are making significant and loyal contributions to the TSO’s operations and activities.

$50,000–$99,999 Barbara Bloomer*

Shannon Hyland & Larry Andrews

The Estate of James Drewry Stewart

Azrieli Foundation

Enbridge Gas Distribution Inc.

Mr. Richard Phillips

Scotiabank Group*

$150,000–$199,999

The late Isabel Carey Warne

Margie & Peter Kelk

David G. Broadhurst*

Philip & Eli Taylor

The late R. Fraser Elliott

Pam & Chris Hodgson

Richard Rooney & Laura Dinner

The late Leslie Stibinger

The Gerard & Earlaine Collins Foundation

Mrs. Ethel Harris*

Robert & Ann Corcoran* Blake C. Goldring*

CIBC*

The Catherine and Maxwell Meighen Foundation* Marianne Oundjian* RioCan REIT Mr. Brian Shaw & Ms. Jacqueline Moss Symmetrica Inc. Tricon Capital Group Inc.

Mrs. Gert Wharton

The Dianne & Irving Kipnes Foundation

The late Lillian Gail Wright

Peter & Nadine Oundjian*

*10 years or more of support

RBC Foundation*

+ Includes gift to the Toronto Symphony Foundation

Anonymous (1)

Ed & Fran Sonshine Toronto Symphony Volunteer Committee*

14 • TSO 2016/17 ANNUAL REPORT

$20,000–$49,999 Francine & Bob Barrett*

Maestro’s Club

Dr. Thomas Beechy*

The Maestro’s Club recognizes the generosity of donors who provide a critically important base of funding for the TSO.

Mrs. Earlaine Collins+* Dorne & Angela Collison* Wendy & Elliott Eisen* George A. Fierheller*

$12,000–$19,999

Goodmans LLP

Burgundy Asset Management Ltd.*

Sharon Groom & Robert Polese

Park Property Management Inc.

Mrs. Lorraine Kaake*

The Gerald Schwartz & Heather Reisman Foundation

Patrick & Barbara Keenan*

Dorothy Cohen Shoichet* Saul & Thelma Shulman Dr. & Mrs. John & Ellen Spears* Spinmaster Ltd. Steinway Piano Gallery Ken & Joan Taylor* Mr. Ronald Till*

Valerie & David Christie*

Tom’s Place

James & Joyce Gutmann*

D2L Corporation

Wentworth Technologies Limited

William & Nona Heaslip*

Stephen & Karen Diamond

Judith (Billie) R. Wilder+*

Holdbest Foundation*

Robert & Ellen Eisenberg*

Ian Ihnatowycz Family Foundation The Hal Jackman Foundation Mr. Allan Kimberley & Ms. Pam Spackman* Vahan & Susie Kololian M. George & Leanne Lewis* Jon Love The McLean Foundation* Minto Foundation Inc. Peter Naylor Richard & Karen Pilosof

Margaret & Jim Fleck* Galin Foundation Steve Gottesman & Liddy Beck Dr. Noelle Grace & the Shohet Family Mr. Gary L. Hanson & Barbara M. Klante Mr. & Mrs. John G. Harrison* The Kurt Weill Foundation For Music

Judy Korthals & Peter Irwin* Robert Korthals & Janet Charlton* Henry & Julia Koschitzky and David & Serena Koschitzky Allan & Nora Lever* Peter Levitt & Mai Why+* Myrna Lo* Mr. Vincent Lobraico* Eunice Lumsden & Peter Luit* Mrs. Lili Manson* Patricia L. Martin*

$3,500–$7,499

June McLean*

Judith Adams & Robert Black*

Paul & Martha McLean*

Mr. & Mrs. Gregory James Aziz

Florence Minz*

Howard A. Back*

Carol & Jerry M. Nesker*

Bill & Karen Barnett*

Michael & Shelley Obal*

David P. Barrett*

Jean O’Grady*

Mrs. Marion G. Bassett*

Robin B. Pitcher*

Douglas Bodley*

Alan & Gwendoline Pyatt

Bruce Burgess*

Shirley H. Reid*

Ms. Reny Burrows*

Panni Relle*

W. Matheson

Margaret Harriett Cameron*

Lorraine & Tom Ryan*

Cecile & Fred Metrick*

John & Margaret Casey*

Wendy Sanford*

Judy & Larry Ward+*

Mr. Mandle Cheung

David Service*

Jack Whiteside*

Classical FM 96.3*

Mr. & Mrs. Harold Wolfe and Mr. & Mrs. Ab Flatt*

Crinoline Foundation

Mr. & Mrs. Barry & Honey Sherman

Leslie & Anna Dan*

Mr. & Mrs. John L. & Amanda Sherrington*

Rae Dellio+*

John Sleeman*

Mrs. Judy Dunn*

Steve & Sally Stavro Foundation

Barbara C. Eastman

Mr. & Mrs. William Switzer*

Mr. Thor Eaton

Neil Tait & Susan Zorzi*

Sheldon & Carol Esbin*

Philip & Nanci Turk*

The Bennett Family Foundation*

Thomas & Judy Fekete*

Margaret & Don Walter*

Mr. Thomas A. Bogart

John & Encarnita Gardner*

Mrs. Ruth Watts-Gransden*

Dr. Jane E. Brissenden & Dr. Janet M. Roscoe*

Ms. Susan Gerhard

Tuan Yeap

Canderel

Mr. David Goadby & Ms. Mayumi Miyamatsu*

Wilf & Helen Ziegler*

The Temerty Family*

Buddy & Leigh Eisenberg*

Donna & Cal Goldman*

Bill & Bronwen Thomas*

Bob & Irene Gillespie*

Mary & Bryan Graham*

$2,000–$3,499

Mrs. Sharon Zuckerman*

Jim & Pat Glionna

John & Judith Grant*

Judy Arrowood*

Anonymous (1)

Guild Electric Charitable Foundation*

Ellen & Simon Gulden*

Richard J. Balfour*

Denis & Florence Hall*

H&R Reit

Joyce Barrass

David G. Hallman

Richard Isaac & Brian Sambourne*

Laurie Barrett

Dr. Ronald M. Haynes+*

Dan Bereskin & Rhoda Gryfe*

Eileen Jurczak

Mr. & Mrs. David & Mariella Holmes*

Judson Lew & Kai-Lin Karin Hwang

Erika Biro in memory of George Biro*

The Hope Charitable Foundation*

Joan C. Bismillah*

Jerry & Joan Lozinski

The Norman & Margaret Jewison Charitable Foundation*

Ellen & Murray Blankstein*

Barrie D. Rose, Karen Solomon & Family* Robert T. & Francine Ruggles* William & Meredith Saunderson* Dr. Marianne Seger* Tom & Ellen Smee Mr. Howard Sokolowski Maureen & Wayne Squibb*

Anonymous (1)

$7,500–$11,999 Ann H. Atkinson* Samuel & Frances Belzberg Foundation

John & Esther McNeil*

Anonymous (5)

Walter & Anneliese Blackwell* The BLG Foundation

TSO 2016/17 ANNUAL REPORT • 15

The Boiler Inspection & Insurance Company of Canada*

Diane & Stan Gasner in memory of Isidor Desser*

Mr. George Brady & Dr. Teresa Brady*

Bronwen Gates*

Mr. & Mrs. Paul & Tanya Braun Dr. & Mrs. T. D. R. Briant*

Nance Gelber & Dan Bjarnason* Dr. Abraham J. Gelbloom & Mrs. Miriam Gelbloom*

Bill & Arden Broadhurst*

Suzie Gibbs

Peter & Anne Brymer*

Marika & William Glied*

David & Lois Buckstein

Mr. Michael Gnat*

Ms. Sarah Bullick

Paul Gooch & Pauline Thompson

Anita & Douglas Burke

John Goodhew & Jeffrey Axelrod

Ms. M. Burkhard*

Mr. Bryan Grant

Maureen Callahan & Douglas Gray*

Griggs Family Foundation

The Canadian Bar Association

Mr. & Mrs. William Gruber*

Ellen & Brian Carr*

Douglas Gubitz & Diana Soloway*

Margaret J. Catto*

Pinchas Gutter

Prof. Alfred L. Chan & Mr. Michael Farewell Mr. & Mrs. Robert & Andrea Chisholm Mrs. Marina Cholakis* Matina Chrones & Steve Simon Frank Ciccolini Sr.* Mr. & Mrs. Russell Cleverdon* Judi & Mickey Cohen Terence & Maria Collier* Brian Collins & Amanda Demers* Murray & Katherine Corlett* In memory of John Bremner Cowley Ninalee Craig* John & Mary Crocker* Dianne & Bill Cross*

Ruth & John Hannigan Ron Hay & Hilaire St-Pierre* Mary & Arthur Heinmaa* Hon. & Mrs. Paul Hellyer* Mr. & Mrs. Jay & Barbara Hennick

Cathie Leak & Paul Palmer*

Mr. David Postill

Ms. Debra Le Bleu*

The Pottruff Family Foundation

Connie Lee*

Charles Price

Tin Leung

Quadrangle Architects Limited*

Anthony J. Lisanti*

John & Maria Radford*

Dr. Vance M. Logan*

Julie Ranti*

Mr. Sanjay Luthra & Ms. Jane Ann Hendricks*

The Carol & Morton Rapp Foundation*

Bruce & Barbara MacGowan*

Ms. Jean Read*

Leslie & Susan MacMillan

Kenneth F. Read*

M.L. Maher & V. Hatchette

Karen Rice & Douglas Ludwig*

Catherine Mahoney*

Mr. Mark Rittinger

Kamlan Makhan

Rod Ends Mechanical Limited

Mrs. Lili Manson

Neil Rogers

Mr. Ziyad Mansour

Iain & Cristina Ronald*

John & Dorothy McComb

Mr. & Mrs. Gordon Rosenberg*

Mr. John M. McCulloch*

Dr. & Mrs. Mark & Jacqueline Rother

Kenneth & Lois McFarquhar* David & Patty McKnight* Peter & Virginia McLaughlin* Donald & Lindsay McLean Caryl & Dennis McManus*

Nigel & Bridget Hodges

The Menkes Family*

Frances Hogg*

Dr. Alan C. Middleton*

Emmy & Walter Homburger*

Barbara & Frank Milligan*

John & Daisy Hort*

Judith Mills*

Roberta & Richard Innes*

David Milovanovic & Cinda Dyer

Mr. & Mrs. D.A.S. Ivison*

Bill Mitchell & Diana Chant*

Laura Jantek

Mitrebox User Experience Design Inc.

Jarvis & Associates* Mr. David A. Jarvis* Elizabeth Kady in memory of Dr. Michael Kady*

Jay & Walter Morris* Noel Mowat* Mr. & Mrs. L.E. Muniak*

Dr. & Mrs. Robert Rottapel* Mrs. Marjorie Rowe* Ms. Betty Rozendaal Beverly & Fred Schaeffer* Charles & Cathy Scott* Wendy Setterington & Gerald Swinkin* Edward & Sheila Sharp* Mrs. Margaret Shaw* Ms. Helen Shea & Mr. Stuart Mutch Stanley & Shirley Shortt* Mrs. Judy Simmonds* Mrs. Roberta Smith Stephen & Jane Smith*

Evelyn Kai & Francis Li

Steve Munro*

Dr. Harley Smyth & Mrs. Carolyn McIntire Smyth

Peter Kalen

John & Sarah Nagel*

Mr. Philip Somerville

Dr. & Mrs. Allan & Simone Katz*

Mr. Maymar Naman

Lois Spencer & Per Voldner*

Marcia & Paul Kavanagh*

Dr. Jan Narveson*

Mr. Carl Spiess

William & Hiroko Keith*

Emil & Dorothy Nenniger*

Mrs. Doreen L. Stanton*

Morris Dorosh & Merle Kriss*

Ross & Ann Kennedy*

Mr. & Mrs. Eric & Sandra Neuville

C.A. Steele

Marc & Vreni Ducommun

Neal Kerr & Marlene Hynd

David Nichols

Dr. Alicia Dunlop-Devaux*

Sarah & Ross Kerr

Mrs. Natalie Obal*

Ronald Steinberg & Nancy Prussky*

Katharine Mary Elder

Jim & Diane King*

Michael O’Bee & Lorraine Lee

Mr. Seymour Epstein & Madam Justice Gloria Epstein*

Florence Kingston

Ms. Toshi Oikawa*

Mr. Gordon Kirke

Myrna & Martin Ossip*

Gary Smith Klein & William Klein*

Dr. & Mrs. N. Pairaudeau*

Amandus Kohlmeier

Gloria Pelchovitz*

Scott Kowaleski

Norbert & Elizabeth Perera*

Valarie Koziol

Richard & Nadya Perzan

Dr. Milos J. Krajny*

Victor & Esther Peters*

Toronto Symphony Orchestra Players Association

Harriette Laing*

Dr. Paul & Ruth Pitt*

Alex Tosheff

George W. Lange*

Brayton Polka*

Bettie & Mark Tullis

John B. Lawson*

Mr. Robert Pollard

Bill Crothers* Greg Cumming & Bianca Marcus Albert de Goias* Mr. & Mrs. Michael & Janette Diamond

Roberta & Jon Fidler* Dr. Erica Fischer & Mr. David Harrison* Lloyd and Gladys Fogler* Roy Forrester & Ed Cabell Dr. & Mrs. Steven & Sonia Fried* Ruth Frisch* Mr. Adrian Fung Dr. Mark M. Garner*

16 • TSO 2016/17 ANNUAL REPORT

Mr. & Mrs. Rudolf & Elisabeth Stodt* Paul Straatman & Shane Toland Maria & Paul Szasz* Eric Tang & James Miller Therese Thackray* Doug & Gail Todgham*

Dr. Penny Turner & Dr. Anthony Woods

Ruth Howey & Ron Beettham

Dulce Sales

McDorman Family

Dr. & Mrs. Ivan & Diana Hronsky*

Mrs. Cindy Dwornik

Janet McLauchlan*

Ms. Miriam Varadi

Patrick D. Huziak*

Mr. Lorne Farr*

Mundy Y. Mclaughlin

Mr. Stefan Varga & Dr. Marica Varga*

John & Susan Hylton*

Goldie R. Feldman*

Sylvia M. McPhee*

Norma Jansson*

Dr. Michel Fich

Gerry & Suzanne Meinzer*

Fred Vettese

Mr. Marvin Kates*

The Financial Coach Inc

Eileen Mercier*

Keith Foundation

John & Susan Franklin*

Patrice E. Merrin

Ms. Karen Kitchen*

Mr. & Mrs. D. I. Fraser*

Mrs. Alayne Metrick

Mr. & Mrs. Christoph von Krafft*

Dr. Elizabeth Kocmur*

In Memoriam Alexander Frirdich*

Ms. Faye Minuk

Angela & Michael Vuchnich

Patricia Krueger*

Mrs. Lucy Fung*

Carole Mirkopoulos

Debra & Jack Walker

Janine Langan

Ruben Gagarina

Mr. Jamshed Mavalwala

Martin Gerwin & Judith Rutledge*

Dr. Donald and Helen McGillivray*

Dennis Giokas

Jack & Anne Mollenhauer Family Foundation at the Toronto Community Foundation*

Mr. Greg Mozesson

Tony & Nancy Vettese

Robert & Menna Weese* Christopher & Susie Wein

Dr. Justin Morgenstern

Gerry & June Weinberg

Mr. Cameron A. M. Muir*

Mr. & Mrs. Lawrence J. & Diana L. Goad*

The Henry White Kinnear Foundation*

Mr. Titus Okathe

Mr. Henry Gooderham*

MusicFromCanada.com

Mr. & Mrs. R. J. Poth*

Mr. & Mrs. Robert W. Gouinlock*

Lionel & Petra Newton

Nigel & Cynthia Potts*

Mr. Robert A. Nicholson*

Frank Whittaker*

Ernesto Graveran-Alvarez

Cynthia Quinn

Emily Gregatto

Mr. & Mrs. Scott & Christina Northey*

Janet & John A. Read

Jim Gregory*

Ayako Ochi

Mr. Alan Sinclair

Wendy Gross

Nan & Jack Wiseman*

The E. & G. Odette Charitable Foundation*

The Sound Post

John Groves

David & Carol Wishart*

Mr. & Mrs. Brian & Irene Turner*

Michael Hall*

Stan & Ros Witkin*

Anonymous (8)

Mr. Richard Harrop

Mr. & Mrs. Harold Wolfe

$700–$1,249

Mrs. Joan Wood*

Lewis Abbott

The Patrick & Freda Hart Green Foundation*

William J. Argue

Ms. Sharron Hatton

Mr. David Perkell

Murray & Susan Armitage Foundation at the Toronto Community Foundation*

Lee & Peter Hayden*

Pestrin Group Limited*

The Marjorie and Joseph Wright Memorial Foundation

Ms. Mary E. Hellyer

Mark Porter Nancy Posluns*

Takahiro Yamanaka

Virginia Atkin & Keith Ambachtsheer James Bailey

The Evelyn & Cecil Hoffman Charitable Foundation at the Toronto Community Foundation*

Ted Barber

Michiel Horn*

Mr. & Mrs. James & Joan Rayner*

Judy & A. Phelps Bell*

Richard & Susan Horner*

Marat Ressin

Joyce & Fred Zemans*

Mr. & Mrs. Roza & Joseph Berkowitz*

Mr. Reg Hunter

Kerry Rittich*

Anonymous (13)

Seymour & Rosalee Berlin*

Jackman Foundation*

Ms. Katherine C. Rogers

Helen Bick & Michael Wolfish*

Mr. Peter Karos

Norman Rosenblum & Anita Small*

Alan & Helen Billing*

Dr. I. Keltz*

Sven Rowaert

Friends

Kat & Stephan Bohner

Mrs. Joyce King*

Anthony Rubin*

John Bossons

Ms. Naomi Kirshenbaum*

Ianthie Ruel

The Friends program recognizes the generosity of donors whose gifts play an important part in maintaining the high standards of the Orchestra and enriching the community through music.

Colin & Jennifer Brown

Mr. & Mrs. I. Paul & O.M. Komarnicky*

Ms. Danielle Buckwalter*

Mary Kreiner

Kenneth G. Russell & Susan J. Peterson*

David J. Burnside*

Mr. & Mrs. Bert Kwant*

Guerino G. & Marjorie Sanvido*

Mr. & Mrs. Jean-Marc & Stephanie Charron*

Marc Labrie

Ms. Mary Sarjeant*

James R. Lake & Wendy Ratcliff*

Nancy A. Schiefer*

Mrs. Beverley Chernos*

Mr. Richard La Prairie*

Jennifer Sedgewick

Andrew T. Chong*

Mr. Douglas Leggat*

$1,250–$1,999

Cathy Clark

Genevieve Lille*

Dr. Steven Semelman & Dr. Janice Wells*

Ms. Patricia Clarke*

Ms. Beverly A. Little*

Bahram Shahi

Dr. Barbara E. Clunes*

Zimu Liu

Patricia Shaw

Mr. Juergen Buechler

Coire Family*

Local 58 Charitable Benefit Fund

Mr. & Mrs. Juan & Sandra Sobral*

Iivi Campbell*

Esther Cole*

Mr. Tom C. Logan

Marisa & Edward Sorbara*

Carole Cole & Arnold Massey*

Dorothy Cook

Andrew & Harriet Lyons

Ronald J. Stagg*

Jeff Coleman & Luc Leclerc*

Paul & Judi Cooper*

Matylda Machnowski

Jane & Ted Stephenson*

Joseph Connolly

Mr. Rodney Cooper

Mr. Roy MacLean*

Mr. Mathew Szeto

Mr. George Czovek

Phillip Cormier

Rachel Malach

Peter Tam

Jacqueline David

Myra Davidson

Jiri Maly

Mr. Richard Tayler*

Mr. Brian Dawson

Mr. & Ms. Neil & Mary Alice Deland

Mr. & Mrs. Richard Marshall

Wayne Teas

The Down Family Foundation*

Mr. Steven D. Donohoe*

Dr. W. John S. Marshall

Lisa Teskey*

Leslie Gales

Wes & Diane Douglas

Julia Martin

Nancy Thoman*

Mrs. Mary Gore

Sharon & Daniel Dowdall*

Dr. Kevin Masters

Thomas Large & Singer Inc.*

Alexander E. Grossman Foundation

Ms. Barbara Doyle

Melanie T. Mccaig

Dan Thompson

Mr. Ken Hitzig*

Alex and Carolyn Drummond Foundation

Ms. Daryle McCullough

Mr. David Thorne / Arthur Press Ltd.

Joan Williams* Richard Wilson & Elizabeth Park

Jane Wright*

Yvette Yip* Denny Young*

Dr. I. L. Babb at the Toronto Community Foundation*

Michael B. Hart

TSO 2016/17 ANNUAL REPORT • 17

Patricia Morton*

Steve Oliphant Ruth Ostrower* Mike Palmer James C. Pappas* Thomas A. Patterson, MD*

The Powis Family Foundation Neil & Carol Randall*

Mr. Arthur E. Timlock*

Mr. & Mrs. Theodore & Reiko Tjaden

Freda & Allan Brender*

Dolores Drul

William T. Heaslip*

Mike L Tocheri

Edward M Bridge*

Dr. Alicia Dunlop-Deveaux*

Gerald & Reeva Heasman*

Gregory A. Toombs

Ava Brodsky*

Sarah Eby

Ms. Josephine Heath

Jennifer Tory*

Rose Brooks

Tim & Nicky Egan*

Mr. Ric W. Heinl

Dave Vella

Mrs. Vicki Bryson

Karen Ehrlich

Werner Heinrichs

Terri-Lynne Walker

G Buja-Bijunas

Ms. Vera Empey*

Sheldon & Mary Hellin*

Victor & Norma Wells*

Colin Callender

Eleanor Engelman

Joanne Hemmant

Lis & Al Wheable*

Bill Cameron*

Raelene Ernst

Randolph Henry

Raymond Whitehead

Elizabeth Campbell*

Wilfred Estey*

Hergott Family

Gerald A. Yates*

Mr. Mark Campbell

C. Evans

Ms. Angela M. Herwin*

Carole & Bernie Zucker*

Maria Carrusca

Effie Fanaras

Carol Hill

Anonymous (30)

Andrew Casey

Dr. Grant Angus Farrow*

Anna Hon

Isidoro Catalano & Pat Browne

Merna Fatohi

Carol Hornsby

Jimmy Chang*

Miss Susan Elaine Fell

Mary-Jane Horsfall Large*

Omar Paul Chant

Ms. Christine Fernandez*

Betty Hrycyshyn

Evangeline Cheng

Russell C. Finch*

Dave Hudson

Manuelita Cherizard

David & Helena Fine*

Mr. Frans Huizinga*

Emilie Chesher*

Mr. & Mrs. Roger J. Floyd*

John Hunter

Muriel Cheung

Rick Follert

Andrew Hurlbut

Brad & Stephanie Christakos

Desiree Fontana

Richard Hynes

Matina Chrones & Steve Simon*

James E. Fordyce*

Henry B Ingram

Drs. Ioana Ciric & Paul Syslak

Halfdan Ingvarsson

Dana R. Clarence*

Mr. James Forster & Mr. William Edwards

Lt. Col. Michael Clarry

Samantha Fowlds

Lisa Jack

Maurice J. Clement*

Diane Frankling

Bernadette & Steven Javier

Rev. Brian D. Clough*

Gerardo Frascione

Jose Jimenez

Carmela Cobham

Dr. & Mrs. John V. Frei*

Amanda Johnson

Ms. Ellen T. Cole*

A. Frey*

Colin Johnson*

Leslie Coleman

Ms. Janice Friis

Don & Susan Johnston*

Matthew Conderan

Dr. Barbara Fullerton*

Dr. Eva Jokay*

Sharon L. Conway

Andrew Gadsby

Carole Kandakji

Roger Cook*

Jim L. Galbraith

Mrs. Dagmar Kanzler*

Donald M. Cooper*

Kathleen & Robert Gale*

Howard Kaplan*

Spencer Courneya

Deborah & Marvin Gans*

Kathleen Kellett-Betsos

Suzanne Aline Crone

Ellen Garfield

Mr. & Mrs. Peter & Cynthia J. Kemerer*

Mr. Jonathan Crow

Pierre N Gemson

Bruce Kemp*

Mr. Sylvain Crozon

Sean George

Theresa Kennedy

Rebecca Crysdale

Cory Gerritsen

Sigitas Keras

Therese Culnan

Natasha Gevikoglua

Mr. Charles Ketchabaw*

Mr. William Cumming

Diana Gileno

Brent & Karen Key

John & Laurie Currie

Dr. Margarita Gitev*

Khalid M. Khokhar*

Xiaohuan Dai

Jonathan & Stacey Gitlin

Ms. Diana C. King*

Ms. Ruby Daisley*

Mrs. Maxine A. Goldberg

Karen King

Lois Daniels

Sari & Ronald Goldenburg

Stefi Kipfer

Phyllis Goodfellow*

Albert Bedell

Mr. & Mrs. Pradipta & Chandrika Datta*

Vincent Ko*

Ms. Sandra Gopaul

Vidya Beharry

Fern Koenig*

Joshua Daulo

Dr. Dale E. H. Gray*

Ralph & Mary Berney*

John Koens

Harry Davies

Sheryl Gray

Ms. Paula Berton

Margery Konan

Donna & Bruce Deans*

Michael Grbic

Nahid Bhoja

Jamie Deans

Henrietta Kostman & Judith Kostman*

Jin Bi

Ms. Harmina Dehaan*

The Miriam & Harold Green Foundation*

Ann Blair

Karen DeKonig

Mr. John D. Ground

Elissa Lansdell

Sheila Block*

Mr. Albert DeSaegher*

Ian Grundy

Mr. & Mrs. Leon & Anita Lapidus*

Jeff A. Bloom*

Mrs. Christina deVries

Jose Guillen

Judith Laskin

Adam Blucher

Gerald Dimnik*

Melodie Habkirk Jackson

Alan & Marti Latta*

Dan & Carolynne Boivin

Disimino Family*

Laurie Hamilton

Mrs. Dianne Lawson

Mrs. Wilma Boughtflower

Samantha Di Virgilio

Lawrence Hansen

Ken Leclair

Mr. Peter Boultbee

Colin R.C. Dobell*

Elizabeth Harrigan & Family

Stephen Lecuyer

Philippe-Edouard Boursiquot

Kristina Dorge

Ms. Marlene Harris

Annie Lee

Douglas and Grace Bradley

Marion Dowds*

Mrs. Patricia Legate

Mr. Lewis Bradley*

Wayne Dowler*

Christine Haselmayer & Steve Dobronyl*

Anne Brayley*

Cathy Drab

Virginia Bregg

Mr. Kenneth Drabble

$325–$699 Martin Abel* Mr. & Mrs. Harry F. M. Ade* Chan Joo Ahn Jaspreet Ahuja Joe Aiello & Ann McLaughlin Mr. Ian H. Ainsworth Myles Akande Liudmyla Akulenko Mary Ann Alexander* Perla Alfinger Mr. Ahmed Al-Hulaibi Mr. & Mrs. Kenneth Allen* Shelley Allen Drusilla Allin Ms. Elizabeth Allsopp* Dr. Dominick Amato* Bill Anderson Peter Anderson Miss Stella Antoci Mr. Toshi Aoyagi Peter & Beverley Archambault Alexander Ariza* Robin & Karen Armstrong Ms. Catherine Arthur Ashanthi Au A. George & Lara Awad* Andrew Baer Carolyn & Denis Bailey* Mr. Jim Barbour Kathleen L. Barnard Thompson The Bauer Family*

Karla Haslam Mr. & Mrs. John & Kazuko Hay

18 • TSO 2016/17 ANNUAL REPORT

Ellen Jaaku*

Carol Lane

Ellen Lei Martin Lemaitre Alain Levasseur

Myrna & Ed Levy*

Mr. H. Linton Murray

Dr. Glenn Scott

Alicja Turner

Bowen Lew*

Lynn Murray*

Richard Scrimger

S.K. Upjohn*

Mr. & Mrs. R. Frank Lewarne*

Erica Myers

Ms. Gail Selley

Bruce Valliant

Mr. & Mrs. Donald & Elizabeth Lewis

Mr. Frank Nacsa

Colleen Sexsmith*

Katherine Vanamerongen

Mr. Leon Li

Marie Nawrocki

Gary Shaw

Catharina van Berkel

Mr. Xinlong Li

Ms. Mary Neilans

Dr. & Mrs. Edward & Helen Sheffman*

Mr. Sam Van Camp*

Perry Lichtblau

Mr. Dimitrios Neilas

Victor & Rhoda Sheilds*

Ms. Irene Van Cauwenberghe*

Mr. Ivan Lieszkowszky*

Mr. & Mrs. Eric & Sandra Neuville*

Hugh Shewell

Ms. Gail Verge

Tara Lightfoot

Keltie Neville

Da Shi*

Claudine Vettese

Lin Design

Derrick Ng

Colin Shleifman

Oksana Vialykh

Mr. Michael Lipa*

Mr. Glenn Nichols

Bill Siegel

Geraldine Vickers

Hong Liu

Mrs. Jean Nichols*

Maggie Siggins & Gerland Sperling

Nancy Violi*

Jimmy Liu

Ms. Sarah Nicholson

Midori Sigler

Mr. & Mrs. Peter & Beth Waldburger

Nick Loberto

Martin Offringa

Ms. Judy Simon

Dr. O. R. Waler

The Lowidt Foundation*

Joyce Ogden*

Mrs. Betty Simpson

Valerie Webster*

Mr. & Mrs. David & Margaret Luxton*

Dr. Dan Ondrack

Anna Slavina

Lauren Weinstock

Mrs. Linda MacGregor

Robert Pampe

Gene Anne Smith

Dr. & Mrs. Ian & Sharon Weir

Claire Mackenzie

Bruce & Maria Parker*

Ms. Isobel Smith

Tiffany Welch

Tracy Macleod

Mr. Douglas Parker*

Theresa Elaine Smith

Mr. Walter K. Wells*

Steve Madden

Dr. Timothy Parker

Valerie Snider

Yijun Weng

Ellen Mak

Pam Pastoll Jacobson

Philip Soiffer

Heather Werstiuk

Ms. Meredith Mandel

Liza Paul

Feza Solaklar

Helen West

Katherine Mansfield & Tim Stephenson

Ms. Elizabeth Payea-Butler

Phil Spencer*

Eleanor Westney

Nancy Pearson*

Mr. & Mrs. Donald & Beryl Stadler*

Mrs. Estelle Weynman

Eileen Markwick

Barbara Pecs

Mr. Brian Stein

Mr. John Wherrett

Helen Marr*

William & Brenda Peel

Elaine & Joseph Steiner*

George & Lois Whetham

Ms. Lynda Marshall

Ms. Batia Phillips

Sharon Stibbard

Roland & Marion Wilk*

Mr. Hans Martin

Lawrence Phillips

Mr. & Mrs. Thomas & Veronica Stoiber

In memory of Gregory Williams*

Marie-Adele & Peter Martin

Sheila Phillips*

Paul Straatman & Shane Toland

Livia Wills

Mhairi Martin

Mary E. Pigott*

Ms. Kelly Strueby

Leonard Willschick*

Gerda Marz

Kirsti Piironen

Styles Family Foundation*

Denise Wilson

Paul Mason

Alejandro Pintado

Meijun Su

Mrs. Susan Wires*

Nicole Matte

Mr. Archie Platt

Hwajeong Suh

Shelly Witzke

Roberto Mauro

Vladimir Pokhodnia

Aida Sulejmani*

Olivia Wong

Anke und Helmut Mayer*

Christine Pollock*

Nancy Sutherland*

Christopher Wood

Mr. W.R. McCallum*

Dave Popowich

Mr. John Swan

Kira Wu

Andrew Mcdonald

Harold M. Povilaitis*

Mr. Michael Sweeney

Derek Wun

Linda McFarlane*

Ms. Susan Prince*

Rafal Szymanski

Estate of Mitchell Wywiorski*

Ms. Jane McGuire*

Ken & Carol Pritzker*

Judith & Burton Tait*

Wanying Xin

Samantha McIntyre

Mr. Gabriel Radford

Ms. Anna Talenti

Dr. Sek L. Yuen*

Joanne McKiernan

Mr. Rene Ramkhelawan

Craig & Susan Tallman*

Dr. Afshan Zahedi

Ulrich Menzefricke*

Priscilla Ratcliffe

Diana Tamir

Josie Zambito Carnovale

Mrs. Linda F. Mezon*

David & Cathy Rawcliffe*

Al Tanenbaum*

Mr. Ralph J. Zarboni

Jennifer Lynn Miller

Joanne Reece

Kirill Zavodyuk

Laura Milliken

Judy Reid

Elaine Mills

Mr. Paul Reinhardt*

Janet & Herb Tanzer Charitable Fund at the Toronto Community Foundation

Sarah C. Miniaci

Frank & Milli Richmond*

Cory Minkhorst

Judi Richter-Jacobs

Mr. Robert Missen

Bernard R. Rivait

Mike & Barb Monahan*

Linda Riverso

Susan Montgomery

Robert A Robertson*

Dr. James Moore*

Kate Robson

Eric Moran

Michael Rodo

Elizabeth Morin

Angela Ronka

Thomas Neil Morrison

Mr. Alan Ross*

Mary Jane Mossman*

Myrna Ross

Ms. Eleanor Mott*

Mr. Michel Rossignol*

Mr. Jonathan Mousley

Mrs. Cecilia Rossos

Elizabeth Mulholland*

Mr. Allen D. Russell*

Dave Mun

Dr. Christa Saas*

Kanta Murali

Miss Harriet Sakuma*

Mr. R. Murphy*

Mr. J. Douglas Sanderson*

Sarah M. Murphy

Mr. Rob Sandolowich

Chihiro Tashima Andrew Taubman Angela Taylor Tristan Teng Kathryn Tenkate Mr. Abhilash Thirumukath Thomas A. Fekete Ltd Neil Thomlinson Robert & Cathy Thornley George & Beryl Tiviluk* Ms. Colette Tom Marcy & Helen Tomassini Amanda Tome Ina Toncescu Kenneth Tooke* Elizabeth Tory* Trew Knowledge Trisect Communications & Design Inc.

TSO 2016/17 ANNUAL REPORT • 19

Shervin Zeinali Livia & Thea Zoburn Anonymous (121) *10 years or more of support + Includes gift to the Toronto Symphony Foundation

TSO DONORS: LEGACY GIVING A legacy gift is a thoughtful way to make a significant contribution to the TSO. Through a bequest in your will, a gift of stock, or a gift of life insurance, you can play an important role in your Orchestra’s future. Please consider leaving a legacy gift to the TSO, and inform us if you have already done so.

Legacy Circle

Mr. & Mrs. John G. Harrison

The Legacy Circle recognizes the generosity and vision of donors who have provided for the future of the TSO through a bequest or other form of planned giving.

Dr. Ronald M. Haynes

Ellen Amigo

Mr. Geoffrey Huck

Callie Archer

Mr. Michael Hudson

Ann H. Atkinson

The Hyer Family

A. Phelps Bell

Mr. Charles Jacobsen

Ms. Ruth Bentley Ms. Barbara Bloomer

Roger Johnson / Matt Hughes / the late Gary F. Vellek

Brenda Boyes

Stephen Johnson

Marnie Bracht

Mr. & Mrs. Richard W. Johnston

Dorothy Cohen Shoichet

Tina Breckenridge

William & Hiroko Keith

Estate of Gabriella Schmidt

Freda & Allan Brender

Allan Kimberley & Pam Spackman

Mr. & Mrs. Bruce & Louise Slemin Alan & Geraldine Sperling

Estate of James Drewry Stewart

Miss M. June Knudsen

Gordon & Joan Stevenson

Anonymous (1)

Gurney Kranz

Frances Stretton

Peggy Lau

Nancy Sutherland

Peter Levitt & Mai Why

Ann D. Sutton

Mr. Tom C. Logan

Lillian S. Tanizaki

Robert & Patricia Martin

Marnie Toben

Vera Dounaevskaia

Mr. Ron McCallum

H. van der Schaaf

Marion Dowds

Mrs. B. McKenney

Joanne Waddington

Judy Dunn

Sylvia M. McPhee

Estate of Christianne Warda

Fraser & Margot Fell

Mrs. Stephanie Meredith

Leonard Willschick

Olga Fershaloff

Dr. Alan C. Middleton

Ingrid Foldes

George & Judith Mills

Judith H. Winston & Andrew S. Winston

Lorraine & Gordon Forrest

Sigmund & Elaine Mintz

Roy Forrester & Ed Cabell

Jean O’Grady

Mr. Charles R. Brown Ms. Reny Burrows Mrs. Ann E. Christie Earlaine Collins Dianne & Bill Cross Charlotte Davis & Richard Haigh

Rev. Ivars & Rev. Dr. Anita Gaide Sylvia Garratt

Ms. Karen Henderson

Michael Lawrence Parker “In Memoriam” Mr. & Mrs. Jim Patterson Thomas A. Patterson, MD

James Hewson Lauri & Jean Hiivala Christopher E. Horne, Esq.

Diane W. Pettet Robin B. Pitcher

Estate Gifts The TSO regrets the passing of several cherished supporters who have made significant contributions in their lifetime and/or through their Estate.

Ms. Anna Prodanou Kenneth F. Read

Estate of Shirley Braithwaite

Iain & Cristina Ronald

Estate of Thomas Michael Hammond Hall

Marie Angela Sampson Mr. J.C. Scarfe

Estate of Donna Kathleen Louise Lunau

J. Kenneth Scott

Estate of Cora Maria Moore

Shauna & Andrew R. Shaw

Canada Council for the Arts— Veda Peene Estate of Helen Allen Stacey

Denny Young Alicia Zavitz

Joan & Hugh Paisley

Wilf & Helen Ziegler Anonymous (42)

Ms. Susan Gerhard Dr. & Mrs. Allan C. Gold James & Joyce Gutmann G. Michael Hale David G. Hallman C. Harany Mrs. Joan L. Harris

List as of June 30, 2017

20 • TSO 2016/17 ANNUAL REPORT

Government Support

Corporate Partners SEASON PRESENTING SPONSOR

SPONSORS

TS

CORPORATE & MEDIA SUPPORTERS The Corporation of Massey Hall & Roy Thomson Hall Divine Furniture Rental Grano

Long & McQuade Quince Flowers The New Classical FM

The Shore Club Zoomer Radio List as of June 30, 2017

TSO 2016/17 ANNUAL REPORT • 21

Volunteer Committee

Financial Statements Independent Auditors’ Report To the Members of The Toronto Symphony

Report on the financial statements We have audited the accompanying financial statements of The Toronto Symphony, which comprise the statement of financial position as at June 30, 2017 and the statements of operations, changes in net deficiency and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management’s responsibility for the financial statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian accounting standards for not-forprofit organizations, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk

assessments, the auditors consider internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion In our opinion, the financial statements present fairly, in all material respects, the financial position of The Toronto Symphony as at June 30, 2017 and the results of its operations and its cash flows for the year then ended in accordance with Canadian accounting standards for notfor-profit organizations.

Report on other legal and regulatory requirements As required by the Corporations Act (Ontario), we report that, in our opinion, Canadian accounting standards for not-for-profit organizations have been applied on a basis consistent with that of the preceding year.

Chartered Professional Accountants Licensed Public Accountants Toronto, Canada November 15, 2017

22 • TSO 2016/17 ANNUAL REPORT

Statement of Financial Position 2017 $

2016 $

1,284,420

1,584,189

224,338

322,984

Total current assets

1,508,758

1,907,173

Capital assets, net [note 4]

4,832,135

4,959,192

6,340,893

6,866,365

Bank indebtedness [note 5]

4,920,880

5,519,540

Accounts payable and accrued liabilities [notes 6 and 11[a]]

1,996,961

2,880,510

Advance ticket sales

3,569,714

3,390,897

Deferred contributions [note 7]

2,638,349

1,847,771

13,125,904

13,638,718

64,127

82,449

–

7,050

13,190,031

13,728,217

(6,849,138)

(6,861,852)

6,340,893

6,866,365

ASSETS [note 5] Current Accounts receivable [notes 3 and 11[a]] Prepaid expenses

LIABILITIES AND NET DEFICIENCY Current

Total current liabilities Deferred capital contributions [note 8] Deferred lease inducement Total liabilities Commitments [note 13] Net deficiency See accompanying notes On behalf of the Board:

Catherine Beck Director

Rags Davloor Director

TSO 2016/17 ANNUAL REPORT • 23

Statement of Operations 2017 $

2016 $

Fundraising [excluding funds raised for The Toronto Symphony Foundation] [notes 7 and 11[b]]

9,851,533

9,784,016

Subscriptions and other tickets [note 9]

8,471,731

8,609,388

Government grants [note 10]

8,728,548

5,415,958

The Toronto Symphony Foundation [note 11[a]]

2,249,000

4,895,000

REVENUE

Fundraising special events

63,132

1,085,437

Other

861,334

1,066,454

Student concerts and other education

292,886

277,390

Toronto Symphony Volunteer Committee

125,000

150,000

30,643,164

31,283,643

19,620,370

18,356,886

Marketing

3,317,014

4,581,330

Administration

3,642,103

4,423,614

Touring

1,942,873

880,755

Fundraising [note 11[b]]

1,836,737

1,544,422

67,877

443,685

203,476

221,411

30,630,450

30,452,103

12,714

831,540

EXPENSES Production

Fundraising special events Interest [note 5] Surplus of revenue over expenses for the year See accompanying notes

Statement of Changes in Net Deficiency 2017 $ Net deficiency, beginning of year

(6,861,852)

Surplus of revenue over expenses for the year Contribution to the musical instrument collection Net deficiency, end of year

24 • TSO 2016/17 ANNUAL REPORT

(11,845,392)

12,714

831,540

–

4,152,000

(6,849,138)

See accompanying notes

2016 $

(6,861,852)

Statement of Cash Flows 2017 $

2016 $

12,714

831,540

Amortization of capital assets

268,773

189,467

Amortization of deferred capital contributions

(18,322)

(18,322)

Amortization of deferred lease inducement

(27,100)

(27,100)

OPERATING ACTIVITIES Surplus of revenue over expenses for the year Add (deduct) items not involving cash

236,065

975,585

299,769

(244,937)

98,646

(69,328)

Changes in non-cash working capital balances related to operations Accounts receivable Prepaid expenses

(863,499)

Accounts payable and accrued liabilities

1,586,384

Advance ticket sales

178,817

(549,108)

Deferred contributions

790,578

495,214

Cash provided by operating activities

740,376

2,193,810

INVESTING ACTIVITIES Purchase of capital assets

(141,716)

(416,073)

Cash used in investing activities

(141,716)

(416,073)

Decrease in bank indebtedness

(598,660)

(1,777,737)

Cash used in financing activities

(598,660)

(1,777,737)

FINANCING ACTIVITIES

Net change in cash during the year

–

–

Cash, beginning of year

–

–

Cash, end of year

–

–

See accompanying notes

TSO 2016/17 ANNUAL REPORT • 25

Notes to the Financial Statements 1. DESCRIPTION OF ORGANIZATION The Toronto Symphony [the “Symphony”] is a not-forprofit performing arts organization incorporated under the Corporations Act (Ontario). The Symphony provides performances of orchestral repertoire and serves a spectrum of musical needs within the Toronto community. The Symphony is registered under the Income Tax Act (Canada) as a charitable organization and, as such, is exempt from income taxes.

The financial statements of the Symphony do not include the net assets and income of The Toronto Symphony Foundation [the “Foundation”] [note 11] or the Toronto Symphony Volunteer Committee as both organizations are independent legal entities. Both organizations, at their discretion, provide funds to the Symphony each year.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES These financial statements are prepared in accordance with Part III of the CPA Canada Handbook – Accounting, which sets out generally accepted accounting principles for not-for-profit organizations in Canada and includes the significant accounting policies summarized as follows: Revenue recognition The Symphony follows the deferral method of accounting for contributions, which include grants and donations.

Grants, bequests and unrestricted contributions are recorded in the accounts when received or receivable if the amount to be received can be reasonably estimated and collection is reasonably assured. Unrestricted contributions are recognized as revenue when initially recorded in the accounts. Externally restricted contributions are deferred when initially recorded in the accounts and recognized as revenue in the year in which the related expenses are recognized. Externally restricted contributions for depreciable capital assets are deferred and amortized over the life of the related capital asset. Revenue from subscription and other ticket sales, concerts and special events is recognized in the accounts at the date of the performance. Other revenues are recognized at the date on which services are provided or goods delivered.

Financial instruments Financial instruments, including accounts receivable, bank indebtedness and accounts payable and accrued liabilities, are initially recorded at their fair value and are subsequently measured at cost, net of any provisions for impairment.

Capital assets Purchased capital assets are recorded at cost. Donated capital assets are recorded at fair value at the date of

contribution. Amortization is provided on a straight-line basis over the estimated useful lives of the assets as follows: Tangible Computer equipment Furniture and equipment Musical instruments Leasehold improvements

3–5 years 3–10 years 10 years over the term of the lease

Intangible Computer software

3–8 years

Donations of items included in the historical musical instruments are recorded as a direct increase in capital assets and a direct decrease in the net deficiency at an appraised value established by an independent appraisal in the year receipted by the Symphony. These instruments are considered to have a permanent value and are not amortized but are assessed annually for any indicators of impairment.

Employee and musician benefit plans For multi-employer defined benefit pension plans and defined contribution plans in which the Symphony’s employees and musicians participate, contributions are expensed as due. Multi-employer defined benefit pension plans are accounted for consistent with defined contribution pension plans since these plans do not provide sufficient information for the Symphony to apply defined benefit plan accounting.

Foreign currency translation Revenue and expenses denominated in foreign currencies are translated into Canadian dollars at exchange rates prevailing at the transaction date. Monetary assets and liabilities are translated into Canadian dollars at exchange rates in effect at year end. Exchange gains and losses are included in the statement of operations.

Contributed materials and services Because of the difficulty of determining their fair value, contributed materials and services are not recognized in the financial statements.

Allocation of expenses The costs of each function include the costs of personnel and other expenses that are directly related to the function.

General support and other costs are not allocated.

3. ACCOUNTS RECEIVABLE As at June 30, 2017, accounts receivable includes $56,211 [2016 – $823,853] representing the estimated outstanding payments with respect to three [2016 – four] bequests and $683,020 [2016 – nil] with respect to total pledges receivable.

26 • TSO 2016/17 ANNUAL REPORT

4. CAPITAL ASSETS Capital assets consist of the following: Accumulated Cost amortization $ $ Tangible Computer equipment Furniture and equipment Musical instruments Historical musical instruments Leasehold improvements Intangible Computer software

2017 Net book value $

165,403

112,029

53,374

287,096

230,157

56,939

291,051

138,190

152,861

4,152,000

–

4,152,000

294,989

260,978

34,011

754,251 5,944,790

371,301 1,112,655

382,950 4,832,135

Accumulated Cost amortization $ $

2016 Net book value $

Subsequent to June 30, 2017, the banking agreement was renewed for another twelve months. The new banking agreement is supported by an increase in the City guarantee to a maximum amount of $5,000,000 and a reduction in the Foundation guarantee to $4,200,000. All other terms in the renewed banking agreement remain unchanged.

The agreement with the City provides that the Symphony must repay, to the City, any amounts paid by the City to the bank.

Interest is incurred at a rate of prime plus 0.5% [2017 – 3.2%].

Interest recorded in the statement of operations on the line of credit totalled $203,476 [2016 – $221,411] for the year.

As collateral for the guarantee provided by the Foundation, the Symphony has provided, to the Foundation, a security interest in all of its assets. The Symphony has provided the bank with a second security interest in all of its assets, subordinated only to the Foundation.

6. GOVERNMENT REMITTANCES PAYABLE As at June 30, 2017, accounts payable and accrued liabilities include government remittances payable of $168,948 [2016 – $49,603].

7. DEFERRED CONTRIBUTIONS

Tangible Computer equipment Furniture and equipment Musical instruments Historical musical instruments Leasehold improvements Intangible Computer software

Deferred contributions represent the City’s operating grant, Canadian Heritage grant for the Sesquicentennial project and other contributions attributable to future fiscal periods. The changes in the deferred contributions are as follows: 2017 $

2016 $

Balance, beginning of year

1,847,771

1,352,557

176,996

Contributions received during the year

9,817,461

8,189,871

Recognized in revenue during the year

(9,026,883)

(7,694,657)

2,638,349

1,847,771

206,509

149,643

56,866

300,564

214,993

85,571

290,081

113,085

4,152,000

–

4,152,000

272,507

233,727

38,780

Balance, end of year

8. DEFERRED CAPITAL CONTRIBUTIONS 690,145 5,911,806

241,166 952,614

448,979 4,959,192

During 2017, the Symphony wrote off fully amortized capital assets of $108,732 [2016 – $45,654].

Deferred capital contributions represent the unamortized amount of donations received for the purchase of capital assets. The annual amortization of deferred capital contributions is recorded as revenue in the statement of operations. The changes in the deferred capital contributions balance are as follows: 2017 $

2016 $

Balance, beginning of year

82,449

100,771

Less amortization of deferred capital contributions [included in fundraising revenue]

(18,322)

(18,322)

64,127

82,449

5. BANK INDEBTEDNESS The Symphony has a banking agreement that provides a demand credit facility of $9,200,000 and a facility for hedging foreign currency exposure with a maximum aggregate face value of U.S. $500,000 and maximum contract term of twelve months. This agreement is supported by guarantees from the Foundation in the amount of $6,200,000 and the City of Toronto [the “City”] to a maximum of $3,000,000.

Balance, end of year

TSO 2016/17 ANNUAL REPORT • 27

9. SUBSCRIPTIONS AND OTHER TICKET REVENUE

13. COMMITMENTS

Subscriptions and other ticket revenue consists of the following:

[a] The Symphony is under contract to pay its musicians for services performed through June 30, 2018. Under the terms of individual contracts with each of its musicians, the Symphony is committed to pay fees to contracted musicians of approximately $9,264,000 for fiscal 2018.

Subscriptions Single tickets

2017 $ 3,502,844 4,968,887 8,471,731

2016 $ 3,762,617 4,846,771 8,609,388

10. GOVERNMENT GRANTS Government grants revenue consists of the following:

Ontario Arts Council Canada Council City of Toronto Canadian Heritage Other

2017 $ 1,864,294 1,830,180 1,270,000 3,634,607 129,467 8,728,548

2016 $ 1,864,294 1,830,180 1,220,000 301,576 199,908 5,415,958

11. THE TORONTO SYMPHONY FOUNDATION [a] The net assets of the Foundation, at fair value, are as follows:

General Fund Restricted Fund Endowment Fund

2017 $ 1,402,109 2,139,547 27,191,952 30,733,608

2016 $ 3,897,919 2,059,443 26,173,905 32,131,267

The Foundation, at its discretion, provides support to the Symphony as determined by restrictions on the various funds comprising the net assets.

During the year, the Foundation provided the Symphony with a distribution of $2,249,000 [2016 – $4,895,000].

As at June 30, 2017, accounts receivable included nil [2016 – $8,597] due from the Foundation and accounts payable and accrued liabilities included $5,250 [2016 – $77,375] related to donations whereby a portion was to be transferred to the Foundation. [b] The Symphony provides administrative and fundraising services to the Foundation at no cost to the Foundation.

During the year ended March 31, 2017, the Foundation recorded fundraising revenue from donations and bequests of $41,904 [2016 – $158,891] raised in connection with these services that is not reflected in these financial statements.

12. MUSICIANS’ DEFINED BENEFIT PENSION PLAN The defined benefit pension obligations of the Symphony’s musicians are the responsibility of the Musicians’ Pension Fund of Canada [“MPF”], which is administered by the Musicians’ Pension Fund of Canada Board. The most recent valuation for financial reporting purposes completed by the MPF as at December 31, 2016 disclosed net assets available for benefits of $783.3 million. The Symphony is required to contribute 10% of the musicians’ minimum basic fee.

[b] The Symphony has entered into various agreements with conductors and guest artists for services to be performed in fiscal 2018, aggregating approximately $3,957,500.

Included in this amount is U.S. $1,428,000 translated to Canadian dollars using an exchange rate of $1.30.

This includes an increased number of special projects compared to fiscal 2017 and sesquicentennial initiatives specific to 2017 and 2018. [c] Rental payments to Roy Thomson Hall for auditorium usage vary depending upon the number and types of performances. Under the existing agreement, which is on a year-to-year basis, rental payments for auditorium and office space are estimated to be $1,095,000 for fiscal 2018. [d] The Symphony has also entered into lease agreements for office space and equipment requiring future minimum annual lease payments as follows: $ 2018 2019 2020 2021 2022 Thereafter

349,505 351,969 351,969 299,867 282,500 1,647,917 3,283,727

14. FINANCIAL INSTRUMENTS The Symphony is exposed to various financial risks through its transactions in financial instruments.

Credit risk The Symphony is exposed to credit risk in connection with its accounts receivable because of the risk that one party to the financial instrument may cause a financial loss for the other party by failing to discharge an obligation.

Interest rate risk The Symphony is exposed to interest rate risk with respect to its operating line of credit because cash flows will fluctuate because the interest rate is linked to the bank’s prime rate, which changes from time to time.

Liquidity risk The Symphony is exposed to the risk that it will encounter difficulty in meeting obligations associated with its financial liabilities.

15. COMPARATIVE FINANCIAL STATEMENTS The comparative financial statements have been reclassified from statements previously presented to conform to the presentation of the 2017 financial statements.

28 • TSO 2016/17 ANNUAL REPORT

Administrative Staff Gary Hanson Interim Chief Executive Officer

Brian Columbus Director of Development Operations

Tamim Rahim Network & Server Administrator

Allison Bent Orchestra Personnel Administrator

Roberta Smith Vice-President & Chief of Staff

Angela Nelson-Heesch Director of Corporate & Foundation Partnerships

Steve Arsenault Artistic Operations Assistant

Adrian Fung Vice-President, Innovation

Deanna Boychuck Senior Manager of Corporate Partnerships

Maureen Hamlyn Receptionist & Administration Services (212 King St. W.)

Shawn Boyle Director, External Relations Donna Hoffman Executive Assistant to the Office of the Chief Executive Officer ARTISTIC ADMINISTRATION Loie Fallis Vice-President, Artistic Planning David Dredla Artistic Administrator Laura Mayo Manager of Special Projects & Festivals Adriana Kraevska Assistant Artistic Administrator Molly Lipham Assistant to Peter Oundjian Susana Almeida Office Administrator (60 Simcoe St.) & Artistic Assistant John Dunn Volunteer Archivist John Sharpe Archival & Research Assistant DEVELOPMENT & DONOR RELATIONS Sarah Bullick Acting Vice-President, Development Phil Chown Director of Major Gifts

Morgan Balderson Coordinator of Development Operations Holly Clark Prospect Management & Research Officer

MARKETING

Faeron Pileggi Manager, Education & Pops

David Postill Vice-President, Marketing

Kendal Lander TSYO Manager

Kendal Egli Director of Marketing & Sales

Jennifer Collins Education Coordinator PATRON SERVICES

Chris Beard Director of Brand & Communications

Kevin Devaux Manager of Patron Services

Hannah Chan-Hartley, PhD Managing Editor, Musicologist

Tess Menet Assistant Manager of Patron Services

Francine Labelle Director of Public Relations

Jenny Kerr Patron Services Ticketing Coordinator

Alice Wu Development Coordinator

Michael Morreale Manager, Digital Content & Radio

Erin Rose Macleod Patron Services Coordinator

FINANCE & BUSINESS ADMINISTRATION

Emma Badame Digital Content Producer

Ziyad Mansour Chief Financial Officer

Philipp Schnaase Senior Patron Services Representative

Kerry Wall Web Producer

Matthew Jones Information Systems Manager

Meaghan Collins Project Coordinator

Meaghan Duffy Development Officer, Annual Giving Yoomee Choo Foundations Coordinator Steve Kwan Maestro’s Club Coordinator

Jason Taylor Database Manager Karen Turner Manager of Ticketing Operations Anastassia Lavrinenko Ticketing Operations Coordinator Eugenia Abman Accounting Manager Rachelle Dacanay Intermediate Accountant Wendy Yin Accounting Clerk & Payroll Administrator

Mairéad O Brien Marketing Assistant ORCHESTRA OPERATIONS & EDUCATION Rachel Malach Vice-President, Orchestra Operations & Education Dawn Cattapan Senior Associate, Artistic Operations & Tour Manager Chris Walroth Production Manager Alaina Viau Assistant Production Manager

TSO 2016/17 ANNUAL REPORT • 29

PATRON SERVICES REPRESENTATIVES Sarah Basciano Katherine Beaulieu Amanda Bolger Christopher Dixon Caitlin Gowans Katy James Danielle Johannes Kevin Morris Mor Shargall

List as of June 30, 2017

TS

Toronto Symphony Orchestra

500-145 Wellington St. W., Toronto, ON M5J 1H8 TSO.CA Charitable Registration #10525 5335 RR0001