Finalist for the Stanford Financial Excellence in Culture Award
2008 March 6
This award annually honors an Arts & Science Council operating support recipient that demonstrates exemplary fiscal management of their resources. Chamber Music at St. Peter’s is proud to be a finalist for the second year in a row.
Winners will be announced on April 2…stay tuned to find out if we win!!!
Background – The Stanford Group Company, in partnership with the ASC created the Standford Financial Excellence Award (SFEA) to annually recognize and reward cultural organizations with $50,000 to three organizations, plus regional artists.
Fiscally responsible organizations practice the following:
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Adequate financial resources to support stable, innovative programming.
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Available cash to sustain operations and programs during shortfalls.
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Accumulated surpluses which are greater than the current year’s deficit.
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An operating reserve and an endowment.
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Hold the professional and volunteer leadership responsible for the financial stability of the organization.