Finalist for the Stanford Financial Excellence in Culture Award

2008 March 6
by chamber music

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:

  • Adequate financial resources to support stable, innovative programming.
  • Available cash to sustain operations and programs during shortfalls.
  • Accumulated surpluses which are greater than the current year’s deficit.
  • An operating reserve and an endowment.
  • Hold the professional and volunteer leadership responsible for the financial stability of the organization.
No comments yet

Leave a Reply

Note: You can use basic XHTML in your comments. Your email address will never be published.

Subscribe to this comment feed via RSS