Town Trustees Establish Lexington Symphony Endowment Fund

The following is a press release from the Lexington Symphony.

In honor of this year's centennial anniversary of the founding of the Trustees of Public Trusts of the Town of Lexington, the Trustees established the Lexington Symphony Public Trusts Centennial Endowment Fund.

The Trustees unanimously identified the Lexington Symphony as a compelling organization to support and recognize in honor of their 100th anniversary. They selected the Lexington Symphony to be the recipient of this funding for several reasons, including its broad appeal to Lexingtonians of all ages and its committed, dedicated, and engaged leaders and supporters.

The Symphony has grown significantly over the past several years, allowing it to emerge as an important cultural institution in Lexington. The Trustees gave $10,000 from the George L. Gilmore Fund to establish the endowment, and the Lexington Symphony has donated a matching gift of $10,000.

Established in 1950, the George L. Gilmore Fund has been used to provide initial funding for the founding of the Lexington Education Foundation and to establish the Fund for Lexington as well as the Human Services Fund. Through the generosity of citizens like George Gilmore, many worthy and important institutions and causes in the Town of Lexington have received critical funding.

Income from the Lexington Symphony endowment will be used to supplement the Lexington Symphony's annual operating budget, which comprises many creative projects from concerts to educational outreach. The Endowment Fund provides an ideal opportunity for all supporters, including those who wish to include the orchestra in their estate plans.

The Trustees of Public Trusts encourage and facilitate charitable giving locally by Lexington citizens. The Trustees are responsible for ensuring that funds given to the town for public benefit in Lexington are segregated from general town funds, invested prudently and used for their intended purposes.  

Currently, the Trustees are responsible for administering, investing, and disbursing funds from 120 trusts totaling approximately $9 million. Each of the three current Trustees is a long time Lexington resident and active in town affairs and was appointed by the Lexington Board of Selectmen.

Alan Fields serves as the Chairman of the Trustees and Thomas Taylor and David Williams serve as the other two Trustees with Susan McClements joining them as a non-voting associate member. To see a complete list of the trusts under the management of the Trustees of Public Trusts, in PDF form, click here. 

Lexington Symphony is a group of dedicated professional musicians who share a passion for music and for exacting standards of performance. The symphony is now in its seventh year under the direction of Maestro Jonathan McPhee, one of the leading musical figures in New England and the Music Director for the Boston Ballet.

The symphony season runs from September through June, with six ticketed concerts, community outreach programs, and a dedicated education program for the next generation of musicians, including their acclaimed Orchestrating Kids Through Classics.

For more information about supporting Lexington Symphony, email info@lexingtonsymphony.org or call 781-523-9009.