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Oscar and Didi Schafer Give $25 Million to New York Philharmonic

Posted September 25, 2015

Didi and Oscar Schafer New York Philharmonic

We are immensely grateful and delighted that New York Philharmonic Board Chairman Oscar Straus Schafer and his wife, Didi, are making the largest gift to the New York Philharmonic from an individual donor in our history.

The $25 million gift includes $20 million to help build the Philharmonic’s endowment as well as the renovation of its concert home. The Schafers are also continuing their support of the Philharmonic’s free Concerts in the Parks series with an additional commitment of $5 million. If you've been to one of these concerts in the past several years, you have been touched by their generosity.

“The New York Philharmonic is both a signature of this great city and a national treasure. We are thrilled to help secure the future of this most important cultural organization and what it does for the New York City community,” said Didi and Oscar Schafer. 

“The Philharmonic family thanks Oscar and Didi for their incredible generosity and leadership. This gift provides important momentum as we bolster our endowment to secure our future, and as we look ahead to a revitalized and aspirational performance home at David Geffen Hall. It’s truly a special moment for this great Orchestra,” said New York Philharmonic President Matthew VanBesien.

(Photo: Chris Lee)