The Peninsula Symphony is scrambling to raise pledges and donations after recently learning that the bulk of its endowment and operating funds -- about $500,000 -- has gone missing. The Los Altos group has notified police and hired a law firm "to assist with the Symphony's efforts to recover the missing assets," the symphony reported in a press release.
Symphony spokesman Larry Kamer told the Weekly that the group has "a person in mind" as a suspect in the funds' disappearance. He declined to comment further.
This season's concerts are expected to continue as scheduled. They include the symphony's two local performances: concerts with the Stanford University Symphonic Chorus at Bing Concert Hall on campus on Nov. 22 and 24. Other events include concerts in San Mateo and Cupertino.
The season is able to go on because symphony board members and musicians launched a fundraising drive shortly after hearing of the loss; the new pledges and contributions will "fund nearly a half a season's scaled-down operating budget," according to the press release.
The 65-year-old nonprofit symphony is continuing to raise funds "to restore the organization to good financial health to come," the release reads.
This story contains 246 words.
If you are a paid subscriber, check to make sure you have logged in. Otherwise our system cannot recognize you as having full free access to our site.
If you are a paid print subscriber and haven't yet set up an online account, click here to get your online account activated.