iradiophilly Philadelphia's Internet Radio Community

Streaming Radio for Philadelphia
More Music. Fewer Interruptions. Just what you want to hear.

 
FOLLOW:
facebooktwitter
   
Culture
Talk about Arts, Culture, & Entertainment
   
 
 
 
 
 
     

THE POST | News | Sports | Culture | Business | Free Forum

 
The Post  
 
Philadelphia Orchestra Bankruptcy Challenges Endowment Claim
 
  by: iradiotom - Philadelphia, PA
started: 08/09/11 8:04 am | updated: 08/09/11 8:04 am
 
The musician's union wants the Philadelphia Orchestra to tap its $120 million endowment if the Orchestra wants to withdraw from the union pension fund as part of bankruptcy reorganization. According to the union, the Philadelphia Orchestra would have to pay between $23 and $35 million into the pension fund. The Orchestra claims those funds are restricted by donor specifications. But in Chapter 11 court proceedings, the 476 documents produced don't show evidence of specific donor wishes. The union claims it is the biggest creditor in the Philadelphia Orchestra's bankruptcy claim.

 
 
TOP STORIES
 
(0) responses
 

THE POST | News | Sports | Culture | Business | Free Forum

 
 

Welcome to iradiophilly! Philadelphia's Internet Radio Community

Welcome! Start listening now for FREE!  The music is always on, so choose a radio station and click to listen. You can find fun Events around Philly and you can list yours on our Events page FREE.  We will also promote cool Philly shows, events and fundraisers on the air FREE. There are also great opportunities to become a sponsor or advertise. iRadioPhilly supports the Philadelphia music and arts scene. If you are a local musician or performer, send us your stuff.  We will play it on our BYO radio station, Philadelphia's Local Stage. We're designing the radio stations and iradiophilly to reflect Philadelphia's music tastes, so we'll want your input. We're glad you're here. Invite your friends.

 
   
   
    FOLLOW: facebook twitter instagram gplus rss rss youtube
HOME | ABOUT | ADVERTISE | CONTACT | EVENTS | PHOTOS | PODCASTS | STATIONS | CONTESTS | SPONSORS | BUSINESSES/ORGs | SCHEDULE | SITEMAP | THE POST   © 2010-20 iradiophilly 501(c)(3)
    Site Design by Bananaland | Built by quadpain media