The Santa Maria Philharmonic Society had a recent stroke of good fortune when Executive Director George Majoue opened an envelope containing a bequest of $250,000 from long-time supporters of the organization. The bequest granted the organization unrestricted use of the funds as needed by the Philharmonic. Majoue knew just where the money needed to go.
He paid all outstanding debts, and now the society is debt-free. Majoue said the Finance Council of the Board of Directors will review and make recommendations on the best ways to invest the remainder of the bequest for the future of the organization. The bequest came at a time when the organization, though receiving donor support, faced challenges in reducing debt.
For membership and/or ticket information, contact Majoue at george@santamariaphilharmonic.org or call 925-0412.
This article appears in Nov 23-30, 2011.