2016 Annual Report

ANNUAL REPORT 2016 FISCAL YEAR OCTOBER 1, 2015 TO SEPTEMBER 30, 2016 ROBERT SPANO Music Director ALAN FLETCHER President and CEO

“When you’re not in school anymore, there isn’t inspiration knocking on your door every day; you have to look harder for it. So it’s nice to come to Aspen and put some of that in my pocket to bring back home with me.”

William Neri viola 2016 Aspen Music Festival and School Student

TABLE OF CONTENTS 2 Letter from the Board Chair

PHOTOS BY ALEX IRVIN AND ELLE LOGAN, UNLESS OTHERWISE NOTED

3 Letter from the President and CEO 4 Artistic Highlights 10 New Partnerships 12 Student Experience 16 Education and Community Programming 18 Where Dreams Begin Campaign 20 Bucksbaum Campus Opening 22 Branding 24 Media and Broadcasts 26 Benefits 28 Board of Trustees 30 Artist-Faculty 32 Family of Supporters 46 Revenue and Expenses

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tudents enjoy the AMFS's annual Gondola Day atop Aspen Mountain.

A summer staff member and student busk together in downtown Aspen.

COVER PHOTO The Aspen Festival Orchestra performs Rachmaninoff's Symphonic Dances.

The Aspen Music Festival and School’s 2016 season was memorable on every front.

The quality of last summer’s students, who were selected from a record-high number of applicants and who hailed from thirty-seven countries, resulted in wonderful performances reflecting our season theme, Invitation to Dance.

Our incomparable artist-faculty, the heart and soul of our program, provided an unsurpassed educational experience and anchored the brilliant performances. As they played side-by-side with their students, in a teaching practice Aspen pioneered, their work again shaped the future of classical music in important ways.

Donations from our family of supporters exceeded expectations. In addition, donors generously supported a record-breaking Season Benefit, and those including the AMFS in their estate plans reached an all-time high.

Our reach into the community grew greater still, with our outreach programs serving a peak number of children from Aspen all the way to Rifle. You may have seen many of them performing in the Tent in late June as

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part of our collaboration with the Los Angeles Philharmonic and El Sistema USA’s National Take a Stand Festival.

And last, but certainly not least, the AMFS community came together on July 11, 2016, to celebrate the opening of the fully redesigned, 105,000-square-foot Matthew and Carolyn Bucksbaum Campus. This event shone as a triumphant conclusion to a twelve-year journey made possible by Kay and Matt’s vision. As we did that day, we pay tribute to the hundreds of generous partners who joined together to make the dream of having a world-class, state-ofthe-art teaching campus a reality.

On behalf of the Board of Trustees, which in 2016 welcomed Stephen Brint and Alia Tutor and re-welcomed Sandie Bishop, Cornelia Heard, Mike Klein, Barbara Koval, John Rojak, and Joaquin Valdepeñas as members, thank you for helping us make the Aspen Music Festival and School the preeminent summer music experience in the world.

Robert J. Hurst Chair, Board of Trustees

In 2016, we reached further and accomplished more than ever before.

In June, after a blistering nine-month construction schedule, the final phase of redevelopment of the Bucksbaum Campus was completed, revealing the graceful design of the thirtyeight-acre, 105,000-square-foot Campus.

I would call this project a miracle, but miracles, by definition, cannot be explained. This Campus came about—in all its beauty and precise function, and on time, and on budget—not because of a miracle but because of a very special team of people who believed in it and gave their all for it, starting with Kay and Matthew Bucksbaum and our current Board Chair, Bob Hurst. These great friends of the Festival led a magnificently generous group of supporters without whom we could not have even thought about building this Campus.

Project architect Harry Teague gave the project his heart and soul, and the team at Shaw Construction were no less than heroes in seeing through the details. On our staff, Jenny Elliot and Daniel Song were the sure hands that guided this success through many different and sometimes challenging circumstances, and they were matched by a brilliant and wise team at our partner organization, Aspen Country Day School.

PHOTO LYNN GOLDSMITH

The building of the Bucksbaum Campus has truly been a community project, and we owe so much

to all who helped make it a reality.

In complement, the AMFS launched a bold new visual identity to expertly communicate Aspen’s world-class programs. In color, shape, and style, the new look honors the sophistication of our Bauhaus heritage while simultaneously capturing our welcoming atmosphere, beautiful natural setting, and forward-thinking philosophy.

With a celebratory summer theme of Invitation to Dance, the artistic program was particularly joyous, from the classic elegance of Strauss’s Blue Danube Waltz, to the hot rhythms of tango and flamenco, to the syncopated strutting of Orff’s Carmina burana.

Artist-faculty and students reached new heights while working in the new, acoustically engineered Campus teaching and rehearsal spaces. National partnerships with the Los Angeles Philharmonic, the New York Philharmonic, and the Pittsburgh Symphony Orchestra added new dimensions to our work.

None of this would have been possible without the unsurpassed dedication of Aspen’s community of donors, artist-faculty, audience members, volunteers, and staff. Every year this group impresses me more with the depths of its passion, ambition, and generosity. It is truly a privilege to be a part of it.

Alan Fletcher President and CEO

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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ARTISTIC HIGHLIGHTS

THE THEME OF INVITATION TO DANCE SHAPED A PARTICULARLY UPLIFTING SUMMER PROGRAM. From the elegant strains of waltzes in Strauss’s Blue Danube Waltz, to the fiery rhythms of Falla’s flamenco ballet El amor brujo—performed by the Aspen Chamber Symphony alongside Siudy Flamenco Dance Theater (pictured right)— the theme of dance in music shaped a lively and celebratory summer program. There was also plenty of room for dramatic classics, like Beethoven’s Piano Sonatas (kicking off a threeyear series of recitals by Jonathan Biss) and Puccini’s beloved La bohème; and for the voices of living masters, like William Bolcom and Kaija Saariaho, both of whom attended performances of their own works.

There was a full and rich scope of music for all to experience in a “classically Aspen” summer.

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ILLUSTRIOUS ALUMNI

Superstar soprano Renée Fleming performed at the AMFS for the first time in ten years on Opening Sunday, dazzling audiences with a program that included Strauss’s Four Last Songs. The megastar also led a powerful master class and dined with close friends of the AMFS at an Artist Dinner.

Beloved violinist Midori returned to the AMFS after thirteen years away, leading a master class and performing Tchaikovsky’s Violin Concerto in D major, op. 35, with the Aspen Festival Orchestra.

Other world-renowned alumni who performed as part of the 2017 season included violinists Ray Chen and Joshua Bell; pianists Jeremy Denk and Orli Shaham; and cellist Alisa Weilerstein.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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Artistic Highlights

IMPORTANT VOICES The 2016 AMFS season was bursting with works by talented living composers, including Kaija Saariaho and President and CEO Alan Fletcher; Music Director Robert Spano; alumnus William Bolcom; and Mohammed Fairouz, whose song cycle Typhoid Mary received its world premiere—performed by mezzo-soprano Kate Lindsey—on August 18.

FEAST OF PIANISTS

One of the many highlights of the season came when pianist and Beethoven specialist Jonathan Biss performed three evenings of Beethoven sonatas, including “Moonlight” and “Appassionata.” The recitals served as the beginning of Biss’s three-yearlong journey to perform all thirty-two of Beethoven’s sonatas.

Aspen presented a bounty of world-renowned

pianists this season including Behzod Abduraimov, Yefim Bronfman, Inon Barnatan, Jeremy Denk, Simone Dinnerstein, Vladimir Feltsman, Marc-André Hamelin, Daniil Trifonov, and Joyce Yang.

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DRAMATIC SUCCESSES The Aspen Opera Center produced three fully staged operas this summer, all broadcast live by Aspen Public Radio.

First was Puccini’s timeless love story La bohème, which was also the season’s Opera Benefit performance. Then came AMFS alumnus William Bolcom’s hilarious and irreverent A Wedding, based on the 1978 Robert Altman film of the same name.

The AOC season wrapped up with Berlioz’s Béatrice et Bénédict, based on Shakespeare’s comedy Much Ado About Nothing and ingeniously set as an old time radio drama.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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Artistic Highlights

ENVIRONMENTAL MUSIC A very special musical experience came on August 7 when the AMFS presented living composer John Luther Adams’s outdoor percussion piece, Inuksuit. In a partnership with Bravo! Vail, nearly 100 students and other musicians spread across the lawn outside the Benedict Music Tent with everything from xylophones to conch shells. Attendees were invited to move freely among these musicians, which created a unique experience for each listener. The natural beauty of Aspen played just as important a role in the piece as the music.

The AMFS would like to thank the Tippet Rise Fund of the Sidney E. Frank Foundation and the National Endowment for the Arts for their support of Inuksuit.

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FINAL SUNDAY: CARMINA BURANA The 2016 AMFS season closed out on August 21 with an electrifying performance of Carl Orff’s behemoth Carmina burana. Led by Music Director Robert Spano and featuring the Aspen Festival Orchestra, two choruses, and three vocal soloists, the work shook the rafters of the soldout Benedict Music Tent and brought audience members to their feet in frenzied applause.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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NEW PARTNERSHIPS

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The 2016 season was enhanced with three important new partnerships between the AMFS and the NY Phil Biennial, the El Sistema–inspired National Take a Stand Festival, and the Pittsburgh Symphony Orchestra.

I­ n June, the AMFS presented two concerts as part of the second NY Phil Biennial, a three-week exploration of today’s music by an array of contemporary and modern composers. It partnered with the Whitney Museum of American Art to co-present a concert at the museum of works never before performed in New York City. The program was curated by the late AMFS artist-faculty member and Pulitzer Prize–winning composer Steven Stucky and featured the Aspen Contemporary Ensemble. ACE also performed with conductor Timothy Weiss in David Geffen Hall in a co-presentation with the New York Philharmonic.

Just before the start of the season, Aspen played host to the National Take a Stand Festival Youth Orchestra of the West camp. The AMFS partnered with the Los Angeles Philharmonic and Longy School of Music of Bard College to bring young musicians from El Sistema– inspired programs in the Western U.S. to Aspen for a five-day music camp and culminating free concert.

This summer, the music didn’t stop after Week Eight. A three-concert residency by the world-renowned Pittsburgh Symphony Orchestra from August 23– 25 extended Aspen’s already robust musical offerings.

The programs included works

by Mahler, Bruch, Mozart, Dvořák, and more; and featured soloists Pinchas Zukerman (violin) and artist-faculty member Michael Rusinek (clarinet). The PSO was led by its incomparable maestro, Manfred Honeck.

Special thanks to Sanford and Naava Grossman for their extraordinary support of the PSO residency.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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STUDENT EXPERIENCE

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628

TALENTED STUDENTS

37 COUNTRIES 43 STATES

FROM AND

Average age

3

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TOP REASONS STUDENTS CHOOSE TO ATTEND THE AMFS

1 The opportunity to study with and/or perform alongside our world-class artist-faculty

2 The amount of financial aid offered 3 The opportunity to participate in a high-level program of study

TOTAL AMOUNT OF FINANCIAL AID PROVIDED

42%

are returning students

69%

$

2.6 million

received financial aid, either in the form of a scholarship or fellowship

93%

rated their AMFS summer as “excellent” or “good”

A student walks across the newly completed Matthew and Carolyn Bucksbaum Campus.

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Student Experience

MILESTONES AND MOMENTS

Renée Fleming, an AMFS alumna, returned to Aspen as an artist-in-residence.

The magnetic performer sang for the the season's first Aspen Festival Orchestra concert and led a master class for select Aspen Opera Center singers. She will continue her residency in 2017.

Artist-faculty member Michael Mermagen, cello, reached his twenty-fifth year in Aspen and was honored at a ceremony where his name was added to a plaque in the Benedict Music Tent. He joins the seventy-nine others who have served for twenty-five years or more since the Festival began in 1949. Together the honorees represent a colossal 2,560 years of service to the AMFS, with nearly half still on faculty today.

After fifteen years away, Heidi Castleman rejoined the AMFS artist-faculty. Timothy Weiss and Donald Crockett served as artist-faculty for the Aspen Contemporary Ensemble, and Stephen Hartke and Christopher Theofanidis served as artist-faculty for the Susan and Ford Schumann Center for Composition Studies. They will all continue in those roles in 2017. Guest composers-in-residence in 2016 included Timo Andres, William Bolcom, Sebastian Currier, Kenneth Fuchs, Joel Hoffman, Libby Larsen, Eric Nathan, Sean Shepherd, and Kaija Saariaho.

V ice President and Dean of Students Jennifer Johnston and President and CEO Alan Fletcher welcome students during registration.

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A key goal of the AMFS Long-Range Plan is to improve the chamber music experience for students. To that end, the complex schedule of five orchestras with five to seven services per week was restructured to allow additional dedicated time to rehearsing, coaching, and performing chamber music.

CONGRATULATIONS TO 2016 COMPETITION WINNERS! ZEYNEP ALPAN Dorothy DeLay Fellowship Student of Naoko Tanaka INGMAR BECK Aspen Conductor Prize WENFANG HAN Piano Student of Hung-Kuan Chen KEREM HASAN Robert J. Harth Conductor Prize ANDREW HSU Hermitage Prize BRIAN MANGRUM Brass Student of John Zirbel

GABRIEL MARTINS Low Strings Student of Richard Aaron and Brinton Smith FELIX MILDENBERGER Robert Spano Conductor Prize, given by Mrs. Mercedes T. Bass WILSON NG James Conlon Prize, given by Mrs. Mercedes T. Bass MADELINE OLSON Harp Student of Nancy Allen and Anneleen Lenaerts

RACHEL OSTLER ACA Violin Student of Robert Lipsett MATTHEW RICKETTS Jacob Druckman Prize SILVIJA ŠCERBAVICIUTE Winds Student of Mark Sparks and Nadine Asin LUCAS STRATMANN Violin Student of Masao Kawasaki RAY USHIKUBO ACA Piano Student of Arie Vardi and Julian Martin

P resident and CEO Alan Fletcher introduces the 2016 competition winners to a Tent audience.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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EDUCATION AND COMMUNITY PROGRAMMING

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IN THE SCHOOLS

IN THE SUMMER

On June 28, select students from all three AfterWorks ensembles— Beginning Strings, Lead Guitar, and Maroon Bel Canto Children’s Chorus—participated in the world premiere of Sean O’Loughlin’s “Future Visions” during a free concert at the Benedict Music Tent. The piece, which was commissioned by the AMFS, featured a movement for each ensemble, with a final movement that showcased all three ensembles combined.

The AMFS launched Sing Play Move, a music education program for infants, toddlers, and preschool-age children.

It served forty children, plus their parents and/or caregivers, reaching a new age group and drawing new connections between families and the Festival.

+ Beginning Strings served ninety children in five schools.

+ Lead Guitar served eighty-four children in five schools with its after-school program and approximately 120 in four schools with its in-school program, reaching a total of nine schools.

+ Maroon Bel Canto Children’s Chorus, a choir for grades 4-8, served 114 children in six schools.

All-Valley Middle School Honor Band served 121 students in six schools from Aspen to Rifle and was conducted by former ACA conductor Matthew Forte.

All-Valley Honor Choir served 126 students in six schools from Aspen to Rifle and was conducted

by Dr. Gregory Gentry, director of choral studies at the University of Colorado Boulder.

The P.A.L.S. (Passes and Lessons Scholarship) program provided music instruction to 194 children.

Family concerts and other daytime programming served approximately 1,200 children and families.

The AMFS would like to thank its generous Education and Community Programming supporters including: Alpine Bank; Aspen Country Day School; Jon Barnes; Stephen Brint and Mark Brown; Community Banks of Colorado, a division of NBH Bank, N.A.; Golub Family Foundation; Les Dames d’Aspen; Eric Musselman; Nina McLemore; the National Endowment for the Arts, a federal agency.; Craig Platt; Anne and Chris Reyes; Caryn and Rudi Scheidt, Jr.; Gail and Daniel E. Schmidt IV; Mary Hugh Scott; John and Jeannie Seybold; The Thrift Shop of Aspen; and the Town of Basalt.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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WHERE DREAMS BEGIN CAMPAIGN $75 MILLION GOAL $70,088,568 Funds raised toward Endowment portion

$41,000,000 Successful completion of Capital portion

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2016 CAMPAIGN HIGHLIGHTS

A MFS Trustee Allison Kanders and Warren Kanders have underwritten the Allison and Warren Kanders Sunday Concert Series. Their generosity will support signature aspects of the organization including students and artistfaculty performing side-by-side in Sunday orchestral concerts.

J im and Paula Crown made a significant gift to the Capital Campaign, which helped us meet our goal to complete Capital fundraising at the opening of the Bucksbaum Campus.

A MFS Trustee Ann Friedman and Tom Friedman made the final $1 million gift to the Capital portion, a fitting bookend to a Campaign begun by Ann's parents, Matthew and Kay Bucksbaum.

S everal gifts were designated to create new scholarships or augment the AMFS general scholarship fund.

+ AMFS Trustee Anne Reyes and Chris Reyes made a significant investment in the endowment by establishing the Anne and Chris Reyes Scholarship to provide more student financial aid.

+ The Munroe Yale Artist Scholarship Fund supports three students from Yale each year thanks to a generous gift from AMFS Trustee Alexandra Munroe and Robert Rosenkranz.

+ The Simms/Mann Family Foundation augmented their current support to fund a piano student from Israel through the Simms/Mann Family Foundation Fellowship.

+ To honor his late wife and late son who was a cello student at the AMFS, Richard Malkin and friends established the Carole and Daniel Malkin Memorial Scholarship, an endowed tuition scholarship, to support future cello and string players at the AMFS.

+ Friends and fans of Sharon Isbin created the Sharon Isbin Guitar Scholarship to honor her dedication to classical guitar education and celebrate her twenty-five years as a member of the AMFS artist-faculty.

+ The AMFS is grateful to those who explicitly support recruitment and matriculation efforts of underrepresented minority students; as a result, the School has seen a steady increase in student body diversity. Special thanks to the Chambers Family Foundation, Cisneros Foundation, Irving Harris Foundation, Jane and Gerald Katcher, Susan and Leonard Miller, Allen and Kelli Questrom Foundation, Lynda and Stewart Resnick, and the Vincent Wilkinson Foundation for their unwavering support.

A new planned giving website, www.aspenmusicfestival.com/ plannedgiving, complements the biannual newsletter Fanfare and includes tools for making charitable gifts. New members of the Gordon and Lillian Hardy Planned Giving Society include Charles Anderson and Pamela Gross, Stephen Brint and Mark Brown, Casady M. Henry, Nancy Levi, Mona Look-Mazza and Tony Mazza, Donne and Bette Moen, and Bill Parish.

Many generous patrons made donations to match Joan Harris's and the Irving Harris Foundation’s $1 million matching grant in support of the Joan and Irving Harris Concert Hall 20th Anniversary Fund.* *The AMFS is pleased to announce it has met the matching grant goal, successfully raising the remaining funds between the end of the fiscal year and the printing of this report.

Â… Music Director Robert Spano, architect Harry Teague, Board Chair Robert J. Hurst, President and CEO Alan Fletcher, Life Trustee and Campus benefactor Kay Bucksbaum, and Aspen Country Day School Head of School Josh Wolman celebrate the completed Matthew and Carolyn Bucksbaum Campus during a ceremony on July 11.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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MATTHEW AND CAROLYN BUCKSBAUM CAMPUS OPENING

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This summer marked the completion of the second and final phase of the full redevelopment of the Bucksbaum Campus. The new Campus features three beautiful new rehearsal halls, sixty-eight new practice rooms, teaching studios, a glass-enclosed cafeteria, administrative offices, a percussion center, and intense renovations to the historic structures, elevating the AMFS to a truly world-class level.

The opening celebration and dedication ceremony took place on July 11 and featured refreshments, a short ceremony, and a ribbon-cutting by Kay Bucksbaum herself.

Attendees of the free event enjoyed tours guided by the project’s key personnel, including President and CEO Alan Fletcher and architect Harry Teague.

Th e newly completed Bucksbaum Campus includes the additions of Hurst Hall (left), the Upper Studio Building (center-right), and the Robert Harth Building (right).

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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BRANDING

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IMPROMPTU Summer 2016 | FREE

A Magazine About the Aspen Music Festival and School

SUPERSTAR SOPRANO RENÉE FLEMING RETURNS TO ASPEN!

CAMERON

DALY

STUDENT SPOTLIGHT

STUDENT SPOTLIGHT

MICHELLE

CODY JARRETT

PAN

Violin HOMETOWN Honolulu, HI AGE 23 SCHOOL Rice University Shepherd School of Music; Mammes College: The New School for Music ASPEN TEACHERS Elaine Douvas, Ariana Ghez, Richard Woodhams SUMMERS IN ASPEN 3 INSTRUMENT

ON ASPEN

PROGRAM Aspen Opera Center ROLE Randolph, A Wedding HOMETOW Oxon Hill, Maryland AGE 27 SCHOOL New England Conservatory of Music; Northwestern University Bienen School of Music; University of North Carolina School of the Arts ASPEN TEACHER W. Stephen Smith SUMMERS IN ASPEN 2

Plus

ON ASPEN

“The large variety of orchestral opportunities, the really good repertoire, having master classes every week, and being able to take lessons with teachers you normally wouldn’t get to study with are all reasons I wanted to come back to Aspen. I feel like Aspen has a lot of the best parts of what every music festival aims to have.”

“Being able to have the performance experience and the extra training, and also being in a location like Aspen, is really awesome. It’s one of the best training programs there is for the summer.”

MICHELLE IS THE 2016 ENGLISH HORN FELLOW ON A WALL FAMILY FOUNDATION FELLOWSHIP.

CODY IS A RECIPIENT OF A THOMAS S. KENAN INSTITUTE FOR THE ARTS FELLOWSHIP

SUPPORT STUDENTS’ DREAMS THROUGH THE

SUPPORT STUDENTS’ DREAMS THROUGH THE

WHERE DREAMS BEGIN CAMPAIGN

WHERE DREAMS BEGIN CAMPAIGN

www.aspenmusicfestival.com/wheredreamsbegin

www.aspenmusicfestival.com/wheredreamsbegin

JUNE 30-AUGUST 21

JUNE 30-AUGUST 21

TANGO: FROM THE DANCE HALL TO THE CONCERT HALL PEEKING BEHIND THE OPERA CURTAIN A NEW CAMPUS, A NEW ERA

IMPROMPTU SUMMER 2016

1

Tango Sensations

HÉCTOR DEL CURTO QUINTET

July 25

Alumna and Superstar Soprano

Alumna and Artistic Powerhouse

RENÉE FLEMING July 3 • 5

MIDORI July 13 • 17

Alumna and Violinist Extraordinaire

Beethoven Master

SARAH CHANG July 28

JONATHAN BISS Aug 2 • 16 • 17

After a two-year engagement involving intense research, distillation, and design, the AMFS unveiled its first unified, institution-wide visual identity and first major revision to its logo in decades. The look is inspired by the clean, modernist aesthetic of Bauhaus design legend Herbert Bayer, who came to Aspen in the 1940s with Walter and Elizabeth Paepcke and whose sensibility informed every aspect of Aspen’s transformation from a mining and ranching community to a world-class arts destination.

The AMFS’s new logomark contains an “A” and an “M,” and it can represent musical notation or simply Bauhauslike shapes. The colors of the mark are inspired by both Bayer’s aesthetics and the natural beauty and feeling of summer in Aspen.

The bold, modern look of the new logomark and design elements matches the institution’s growth. The past decade has seen the appointment of Music Director Robert Spano, the addition of partnerships and programs, and the full redevelopment of the Bucksbaum Campus to a truly world-class facility. Ultimately, the new visual identity expresses in imagery the institution's spectacular location; casual, welcoming atmosphere; and transcendent experiences.

Eminent Pianist

YEFIM BRONFMAN Aug 14

A student practices on Campus, behind a door adorned with the AMFS's new logo.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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MEDIA AND BROADCASTS

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In 2016, The Wall Street Journal, the largest-circulation Englishlanguage newspaper in the world, published two important articles on the AMFS. First, Terry Teachout explored the midcentury modernism theme woven throughout the 2016 season, citing President and CEO Alan Fletcher’s emphasis on celebrating American composers.

A couple weeks later, David Mermelstein wrote “Education and entertainment meet at the Aspen Music Festival and School,” an article outlining the unmatched educational experiences Aspen offers as well as its world-class performances, which Mermelstein was able to witness during a weeklong visit to the Festival.

The AMFS’s emphasis on midcentury American composers was also featured in The Guardian in an essay by Fletcher titled, “Why are the reputations of U.S. composers so pianissimo?”

BBC Music Magazine sent Oliver Condy to Aspen for a three-day visit, which he summarized with highlights of master classes, the students, the Campus, and an especially rousing recital by pianist Jeremy Denk.

The AMFS was even featured in two of popular music's most important publications: Rolling Stone made note of the U.S. premiere of R.E.M. bassist Mike Mills's Concerto for Violin, Rock Band, and String Orchestra, performed with Robert McDuffie during the 2016 season; and respected music journalist and cultural critic Greil Marcus shared his take on an Aspen Contemporary Ensemble performance in an article for Pitchfork.

The redevelopment of the Bucksbaum Campus also garnered attention from local and national media outlets, including Aspen Public Radio, Aspen Sojourner, The Aspen Times, Modern Luxury's Aspen Magazine, The Wall Street Journal, and BBC Music Magazine.

The AMFS continued its longstanding relationships with American Public Media’s Performance Today, hosted by Fred Child, and NPR’s From the Top, hosted by acclaimed pianist Christopher O’Riley.

Together, these programs reached more than 2 million listeners with AMFS programming.

A ttendees enjoy both their picnics and a performance by the Aspen Festival Orchestra from free seating on the David Karetsky Music Lawn outside the Benedict Music Tent.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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BENEFITS

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Fundraising events over the 2016 season netted more than $960,000 in support of the Aspen Music Festival and School’s programs.

The annual Season Benefit—A Feast of Music, honoring Steinway & Sons and its owner, John Paulson—was held on August 1 at Hotel Jerome. The event was inspired by the AMFS's 2016 season theme, Invitation to Dance, and likewise featured music inspired by dance. This crowd-pleasing event paired gourmet fare with performances by pianist Jeremy Denk, artist-faculty, and top students.

On July 18, the AMFS held its 13th Annual Opera Benefit.

The black-tie evening began with an elegant cocktail party at the home of Benefit Chair Richard Edwards. Co-chairs Denise Monteleone and Jim Martin joined Edwards and guests for a dinner at the exclusive Caribou Club. The evening concluded with a full performance of Puccini’s La bohème, performed by rising stars of the Aspen Opera Center.

Pianist Jeremy Denk performs for Season Benefit attendees.

S tudents perform at an Artist Dinner featuring Renée Fleming.

Other benefit events included Intimate Artist Dinners in private homes with Inon Barnatan, Joshua Bell, Renée Fleming, and Daniil Trifonov. Guests enjoyed an evening of cocktails, music, and great food, all while getting to know these remarkable musicians. Seven House Music concerts rounded out the summer offerings with a special blend of opera and chamber music. The AMFS also launched its new Salon, featuring events geared toward young professionals, during the 2016 season.

FROM LEFT TO RIGHT A student quartet performs during the annual Opera Benefit.

R.E.M.'s Mike Mills and AMFS artist-faculty member and alumnus Robert McDuffie speak at a Salon event.

Will Mesdag, President and CEO Alan Fletcher, Fonda Paterson, and Sam Brown at an Encore event Patsy Malone and Darby Glenn at an Artist Dinner featuring soprano and AMFS alumna Renée Fleming Soledad Hurst and Laura Lauder at the Season Benefit

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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BOARD OF TRUSTEES

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October 1, 2015 to September 30, 2016 BOARD OF TRUSTEES Robert J. Hurst, Chair Michael Klein, Vice Chair Willem Mesdag, Vice Chair Sam Brown, Treasurer Gail Engelberg, Secretary Alan Fletcher, President and CEO Richard Aaron Nadine Asin Erika Aronson Stern Tom Baer Ed Berkeley Sandra Bishop Stephen Brint Martin Carver Warren Deck Donald Drapkin, in memoriam Stephen Drimmer James Dunham Alan Englander Ann Friedman Jessica Fullerton Mary Giese Sanford Grossman Jonathan Haas David Halen Cornelia Heard Linda Vitti Herbst Allison Kanders Gerald Katcher Cathy Koplovitz Barbara Koval Jonathan Lee Arlene Lidsky Salomon Espen Lilleslåtten Robert Lipsett Anthony Mazza Alexandra Munroe Michael Murray

Anton Nel Janet O’Connor Patricia Papper Fonda Paterson Aaron Podhurst Dana Powell John Rojak Anne Reyes Danner Schefler Caryn Scheidt Jane Sherman Judith Steinberg Gillian Steel Steven Stucky, in memoriam Joaquin Valdepeñas Nancy Wall Carrie Wells, President of National Council

HONORARY TRUSTEES Joan Harris Itzhak Perlman Robert Spano Pinchas Zukerman

LIFE TRUSTEES Paula Bernstein William Bernstein Carolyn Bucksbaum Noël Congdon Marian Lyeth Davis Al Dietsch John Doremus Stefan Edlis Gerri Karetsky Nancy Odén Charles Paterson Betty Schermer W. Ford Schumann Dennis Vaughn

Student Alison Fierst and artist-faculty member Nadine Asin, both part of the Aspen Festival Orchestra, just prior to the AFO's season-closing performance of Carmina burana.

Conductor Nicholas McGegan leads the Aspen Chamber Symphony in a program of C.P.E. Bach, Bruch, Mozart, and Beethoven.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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ARTISTFACULTY during the 2016 season

VOICE Vinson Cole Renée Fleming, artist-in-residence Elizabeth Hynes Stephen King W. Stephen Smith

ASPEN OPERA CENTER Edward Berkeley, director Elizabeth Buccheri, head of music William Billingham Garnett Bruce Mary Duncan Steidl Renée Fleming, artist-in-residence Timothy G. Long Kenneth Merrill David Schweizer Jeanne Slater Diane Zola

PIANO Hung-Kuan Chen Yoheved Kaplinsky Julian Martin Anton Nel Ann Schein† Rita Sloan Arie Vardi Virginia Weckstrom Vivian Hornik Weilerstein Wu Han

VIOLIN Renata Arado Sibbi Bernhardsson Earl Carlyss† Laurie Carney Laura Park Chen Robert Chen David Coucheron Ellen dePasquale Edward Dusinberre

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Simin Ganatra David Halen Robert Hanford Cornelia Heard Paul Kantor Masao Kawasaki Alex Kerr Espen Lilleslåtten Robert Lipsett Robert McDuffie Sylvia Rosenberg Naoko Tanaka Bing Wang Donald Weilerstein Peter Winograd

VIOLA Daniel Avshalomov Catharine Carroll Lees Heidi Castleman Choong-Jin Chang Victoria Chiang Beth Guterman Chu James Dunham Masao Kawasaki Randolph Kelly Maiya Papach Masumi Per Rostad Sabina Thatcher Thomas Turner Ben Ullery Geraldine Walther Stephen Wyrczynski†

CELLO Richard Aaron Darrett Adkins András Fejér David Finckel Desmond Hoebig Eric Kim Wolfram Koessel Michael Mermagen Brinton Averil Smith Brandon Vamos

DOUBLE BASS

TROMBONE

Bruce Bransby Christopher Hanulik Albert Laszlo Edgar Meyer

Per Brevig James Miller Timothy Myers Michael Powell John Rojak

FLUTE Nadine Asin Jeffrey Khaner Christina Smith Mark Sparks

OBOE Elaine Douvas Scott Hostetler Emily Pailthorpe Elizabeth Koch Tiscione Robert Walters Richard Woodhams

CLARINET Bil Jackson† Michael Rusinek Joaquin Valdepeñas

BASSOON Nancy Goeres Per Hannevold

HORN Andrew Bain Roger Kaza Alexander Kienle Eric Reed Kevin Rivard David Wakefield John Zirbel

TRUMPET Karin Bliznik Kevin Cobb Louis Hanzlik Thomas Hooten Raymond Mase

TUBA Warren Deck

PERCUSSION Jonathan Haas David Herbert† Douglas Howard Joseph Pereira Thomas Stubbs Mark Yancich Cynthia Yeh

HARP Nancy Allen Anneleen Lenaerts

GUITAR Sharon Isbin, director

LUTHIER Joan Balter

ASPEN CONDUCTING ACADEMY Robert Spano, director Federico Cortese Hugh Wolff

SUSAN AND FORD SCHUMANN CENTER FOR COMPOSITION STUDIES Stephen Hartke, composer-in-residence Christopher Theofanidis, composer-in-residence George Tsontakis, composer-in-residence†

Timo Andres, visiting composer William Bolcom, visiting composer Weijun Chen, visiting composer Sebastian Currier, visiting composer Kenneth Fuchs, visiting composer Ted Hearne, visiting composer Joel Hoffman, visiting composer Libby Larsen, visiting composer Eric Nathan, visiting composer Kaija Saariaho, visiting composer Sean Shepherd, visiting composer

ASPEN CONTEMPORARY ENSEMBLE Stephen Burns, conductor Donald Crockett, conductor Sydney Hodkinson, conductor† Timothy Weiss, conductor

ENSEMBLES-INRESIDENCE American Brass Quintet American String Quartet Pacifica Quartet Takács Quartet

Gabriel Chodos, piano Carole Cowan, violin Michael Czaijkowski, composition John Graham, viola William Grubb, cello Irene Gubrud, voice Thomas Haines, film scoring and audio recording Alan Harris, cello Jennifer John, violin Joseph Kalichstein, piano Catharine Carroll Lees, viola Eugene Levinson, bass Jorge Mester, music director Theodore Oien, clarinet Antoinette Perry, piano Sylvia Plyler, Aspen Opera Center Louis Ranger, trumpet Christopher Rouse, composition Dennis Smylie, bass clarinet Paul Sperry, voice Viviane Thomas, voice Martin Verdrager, theory Dick Waller, clarinet Won Bin Yim, violin †

leave of absence

ARTIST-FACULTY EMERITUS Adele Addison, voice Robert Biddlecome, trombone Bonita Boyd, flute

A spen Opera Center Director Edward Berkeley speaks to students gathered inside the Wheeler Opera House.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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FAMILY OF SUPPORTERS

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The Aspen Music Festival and School gratefully acknowledges those who have made contributions to the organization between October 1, 2015, and September 30, 2016. This includes support of the Annual Fund, memorial and honorary gifts, Winter Music sponsorships, Benefit and Artist Dinner support, special projects, and the AMFS Salon.

Annual contributions are the backbone of support for the realization of the Festival and School’s mission. With these gifts, donors support artist-faculty teaching, concert performances, opera productions, student education, guest artist appearances, community outreach, and many other essential projects. We remain profoundly grateful to each donor listed here.

IN MEMORIAM It is with sadness we note the passing of members of the AMFS community, including longtime donor Melva Bucksbaum; Trustee Donald G. Drapkin; former Trustee James B. Kurtz; Lillian Hardy, a longtime donor and the wife of the late Gordon Hardy, a former president and dean of the AMFS; longtime volunteer Kiefer Mendenhall; former artist-faculty member Joseph Silverstein; artist-faculty member Steven Stucky; and former student Samuel Waters.

$150,000 AND ABOVE INDIVIDUALS

INDIVIDUALS

Mrs. Mercedes T. Bass Sanford and Naava Grossman Nancy and Charles Wall

Martin Carver Jessica and John Fullerton Janet and Tom O’Connor The Marc and Eva Stern Foundation, Eva and Mark Stern, Erika Aronson Stern and Adam Stern Beatrice and Anthony Welters

$100,000 AND ABOVE INDIVIDUALS Kay Bucksbaum Stefan Edlis and Gael Neeson Joan Fabry and Michael Klein Soledad and Robert Hurst Lisa and Will Mesdag John Paulson

of the 2016 Low Strings Concerto Competition, performs Saint-Saëns's Cello Concerto No. 1 with the Aspen Conducting Academy Orchestra.

BUSINESSES/FOUNDATIONS The Polonsky Foundation Resnick Foundation

$30,000 AND ABOVE

BUSINESSES/FOUNDATIONS

INDIVIDUALS

Dorothy Richard Starling Foundation

Anonymous Edward P. Bass Stephen Brint and Mark Brown Zoë and William D. Budinger Ruth Carver Richard Edwards Jane and Michael Eisner, The Eisner Foundation Gail and Alfred Engelberg Linda and Alan Englander Ann and Tom Friedman Mary E. and Erik* Giese Irving Harris Foundation, Joan W. Harris Shirley and Barnett C. Helzberg, Jr. Allison and Warren Kanders Jane and Gerald Katcher Barbara Koval Leonard and Judy Lauder

$75,000 AND ABOVE INDIVIDUALS Anonymous Becky and Mike Murray Kelli and Allen Questrom Lynda and Stewart Resnick Gillian and Robert Steel

Student Gabriel Martins, winner

$50,000 AND ABOVE

BUSINESSES/FOUNDATIONS City of Aspen The Allen & Kelli Questrom Foundation Steinway & Sons, Inc. Tippet Rise Fund of the Sidney E. Frank Foundation

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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Family of Supporters

Barbara and Jonathan Lee The Lewis Family Mona Look-Mazza and Tony Mazza John P. and Anne Welsh McNulty Foundation Alexandra Munroe and Robert Rosenkranz David Newberger Patricia M. and Emanuel M. Papper Foundation Anne and Arny Porath Dana and Gene Powell Anne and Chris Reyes Nicholas and Jeanne Rohatyn Ali and Lew Sanders Mary and Patrick Scanlan Caryn and Rudi Scheidt, Jr. Betty and Lloyd Schermer June and Paul Schorr lll Jane and Larry Sherman Judith Z. Steinberg and Paul J. Hoenmans Laurie Tisch

BUSINESSES/FOUNDATIONS The Aspen Times Thomas S. Kenan Institute for the Arts Louis & Harold Price Foundation, Inc. The Rob and Melani Walton Foundation

$17,000 AND ABOVE INDIVIDUALS Bishop Family Foundation Mr. and Mrs. David Dreman/The Dreman Foundation Antonia Paepcke DuBrul and the DuBrul Family Marcy and Leo Edelstein Sandy and Paul Edgerley Andi and Jim Gordon, The Edgewater Funds Sharon and Lawrence Hite Gerri Karetsky and Larry Naughton Kimsey Foundation, Mark Kimsey Steve Marcus Denise Monteleone and Jim Martin Pauline Pitt Jeannie and Tom Rutherfoord Gail and Daniel E. Schmidt IV Jeannie and John Seybold Carrie and Joe Wells

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Martha Yocum

BUSINESSES/FOUNDATIONS

BUSINESSES/FOUNDATIONS

America-Israel Cultural Foundation Aspen Square Condominium Hotel Carl’s Pharmacy Music Center of Los Angeles County The Gant Condominium Association The Little Nell

LLWW Foundation Mountain Living Magazine

$11,000 AND ABOVE INDIVIDUALS Charles Balbach and Maggie Hayes Susan Beckerman Giancarla and Luciano Berti Susan and Richard Braddock Sam Brown and Alison Teal Centennial Partners NoĂŤl and Tom Congdon Sylvie and Gary Crum Shannon Fairbanks Deborah and Richard Felder Nanette Finger Karen and Jim Frank/J.S. Frank Foundation Jane and Bill Frazer Ann and Gordon Getty Foundation Harriett and Richard E. Gold Arthur Greenberg and Elaine Hoffman Jan and Ronald Greenberg Glenda and Gerald Greenwald Ellen and Irv Hockaday Cathy and Jonathan Koplovitz Marianne and Sheldon Lubar Charitable Fund Holly and John Madigan Marlene and Fred Malek Leslie and Mac McQuown Bettie McGowin Miller Nedra and Mark Oren Jean and Allen Parelman Fonda and Charles Paterson Pat and Ed Peterson Dorothy and Aaron Podhurst Nancy and Miles Rubin Arlene and Chester Salomon Danner and Arno Schefler Alece and David Schreiber The Simms/Mann Family Foundation, Victoria and Ronald Simms

$7,000 AND ABOVE INDIVIDUALS Anonymous (3) The Rona and Jeffrey Abramson Foundation Thomas H. Baer Marilyn and George Baker Vivian and Norman Belmonte Amy Margerum-Berg and Gilchrist Berg Barbara and Bruce Berger Ronit and William Berkman Mark A. Bradley Deborah and Gabriel Brener Jackie and John Bucksbaum Suzanne D. and M. Peyton Bucy Jon Busch Mr. and Mrs. Richard Cantor Katherine and Dane Chapin Tina Chen and Marvin Josephson Patricia and Gustavo Cisneros Bunni and Paul Copaken Margit and Lloyd Cotsen Ginny Dabney Alex Dell Laura Donnelley Nadia and Stephen Drimmer Pam and Kenneth Dunn Leatrice and Melvin Eagle Margy and Jerry Eberhardt Gail and Richard Elden Judith Barnard and Michael Fain Alan Fletcher and Ron Schiller Mr. and Mrs. Owen O. Freeman, Jr. Barbara and Richard I. Furman Julie Gerson, in memory of Peter Gerson Sandy and Lee Godfrey Barbara Gold

A student warms up outside the Benedict Music Tent before an Aspen Philharmonic Orchestra performance.

Phyllis and David Scruggs Isa Catto Shaw and Daniel Shaw Sue Kronick and Edward Shumsky Lois Siegel Nancy and Bruce Stevens Helen E. Stone Marcia Strickland Carol and Mack Trapp Leslie and Joe Waters Marion W. Weiss Tamara and Frank Woods

BUSINESSES/FOUNDATIONS

Michael Goldberg and Ramona Bruland Meg and Bennett Goodman Merle Chambers Mary Farver Griffith Celeste C. and Jack J. Grynberg Julia Hansen Patricia and Rodes Hart Deborah and Larry Hoffman Ann F. and Edward R. Hudson, Jr. Mary Ann Hyde Sally B. Kaplan Sylvia and Dick Kaufman Barbara Bluhm-Kaul and Donald Kaul Don Keltner Marianne and Richard Kipper Anna-Lisa Klettenberg Mary Jo and Dick Kovacevich Ellen and Fred Kucker Katharine C. Kurtz Joe LaDou Bette MacDonald Patty and Robert Mack Denise Monteleone and James Martin

Nancy and Peter Meinig Meinig Family Foundation Gail and Alec Merriam Diane and Mead Metcalf Renee and Bruce Michelson Diane and Ronald Miller Charitable Trust Stephanie and Michael Naidoff Ilene and James Nathan Judith E. Neisser Mr. and Mrs. Don H. Nelson Ann and Bill Nitze Judith Swift and Dick Osur Cathryn and Victor Palmieri Merbie and Tom Payne Kathryn and Richard Rabinow Catherine and Tom Reagan Lecie and Jack Resneck Myra and Robert Rich Sandy and Mark Rothman Judy and Gary Rubin Lois and Tom Sando Gloria Scharlin Lisa and David T. Schiff, The Schiff Foundation

Alpine Bank of Aspen Asian Cultural Council Aspen Public Radio Aspen Sojourner Buccellati Caribou Club, Ltd. Chateau Roaring Fork Condominium Association Colorado Creative Industries First Western Trust, Aspen Fred and Elli Iselin Foundation Frias Properties of Aspen, Chuck Frias & Tim Clark Hotel Jerome John P. McBride Family and the ABC Foundation Miners’ Building Mountain Chalet-Aspen The Aaron Copland Fund for Music, Inc. U.S. Bank Wells Fargo Private Bank and Abbot Downing Woody Creek Distillers

$3,500 AND ABOVE INDIVIDUALS Penny and Fred Abrams Ronald Ager, in memory of Ellie Ager

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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Family of Supporters

Connie and Buddy Bates Nancy and Bob Blank Catherine and Bill Cabaniss Newton Bartley and Eric Calderon Janet F. Clark Judy and Archibald Cox, Jr. Eleanore and Domenico De Sole The Patricia Dedman Family Foundation Brian and Susan Dickie Muffy and Andy DiSabatino Sherri Draper Charles B. Edison Memorial, Mrs. Charles B. Edison Debbie and Jerry Epstein Anne and Alan Feld, Communities Foundation of Texas Theba and Buster Feldman Jason Flom Rich Garvin Donna Genet Mr. and Mrs. George C. Gibson Joseph and Alma Gildenhorn Jean Golden Lynda M. Goldstein Susanne H. Goldstein, in memory of Edward A. Goldstein Barbara and Gary Goldstein Maryann and Adrian Gruia Brenda and James Grusecki Marianne and John Gunzler Vinod and Laurel Gupta Sarah and Joel L. Handelman Lita Warner Heller Linda Vitti and Clancy Joe Herbst Juliane Heyman Sharon and John Hoffman Phyllis S. Hojel Erica Hartman-Horvitz and Richard Horvitz Liba Icahn Dorothy S. Jacobs Debbie and Richard Jelinek Shana Johnstone/Shenandoah Foundation Linda and Eugene Kalnitsky Andrew Karetsky Nancy and Don Kempf Thomas S. Kenan, III Hyunja and Jeff Kenner

36

Sally and Jim Klingbeil Ann and Tom Korologos Laura and Gary Lauder Nancy and Bart Levin Melony and Adam Lewis Bertel M. Lewis Judy and Sam Linhart Mary Ralph Lowe Betty and Jim McManus Ellie and Bob Meyers Sue Miller Robert Prentis Morris and JoAnn Ross Linda and Gary Nathanson Drs. Amy D. Ronner and Michael P. Pacin Virginia Pearce Mr. and Mrs. Robert D. Pugh Marilynn and Charles Rivkin Phyllis and Sidney Rodbell Carolyne Roehm and Simon Pinniger Gary Rosenau Berns-Rothchild Foundation Sarah Broughton and John Rowland Clare and Marius Sanger Barbara and Gene Schmitt Enika and Richard Schulze Karen Setterfield and David Muckenhirn Evelyn Siegel Gordon H. Silver and Carla Ginsburg Julie and Brian Simmons Audrey Spiegel Gayle and Paul Stoffel Billy Stolz Curt Strand Andrea and Lubert Stryer Linda and Dennis Vaughn Sue and Dick Volk Melani and Rob Walton Rivka and Seth Weisberg Andrea Yablon Alison and Boniface Zaino Rachel and Paul Zimmerman Una Chae and Jonathan Zucker

BUSINESSES/FOUNDATIONS Aspen Valley Hospital Community Banks of Colorado,

a division of NBH Bank Ernst and Wilma Martens Foundation European Caterers, Ltd. Fusion Design and Catering Golub Family Foundation Les Dames d’Aspen New World Scholarship for Summer Studies in Music of the Lin Yao Ji Scholarship Program Pitkin County Dry Goods St. Regis Aspen Resort Story Garschina Foundation The ASCAP Foundation Raymond Hubbell Musical Scholarship Fund Thrift Shop of Aspen Vulcan Materials Company Matching Gifts Young Presidents Organization

$1,750 AND ABOVE INDIVIDUALS Tracy and Dennis Albers Joyce Amico John Balson Chuck Bellock Wilma and Stuart Bernstein Sue and Jock Bickert Janet and Robert Blaich Mary and John Cronin Elaine and Claiborne Deming Inanna Donnelley and Jeffrey Taback and the Gaylord Donnelley Charitable Trust In honor of Mercedes T. Bass, Maja and Nicholas DuBrul Caroline W. Duell Merle Dulien Bernice and Loyal Durand Marja Engler Susan and George Fesus Jim Fifield Mary Ann Frenzel Virginia and Gary Gerst Wheatie and Bob Gibb Louise and David Gitlitz Robert S. Graham Marilyn and Dean Greenberg Priscilla Grew

Joan and Rodger Gurrentz, in memory of Susan and Morton Gurrentz Lou Guthrie Diane and Bruce Halle Jamie and Bush Helzberg Alexander Henkin Dorene and Frank Herzog Linda and Steven Hill Ruth and George Hopfenbeck Elizabeth Katz and Reed Hundt Tom Isaac Cathy and Walter Isaacson Ellen A. Efros and Fritz R. Kahn Bonnie Levinson and Dr. Donald Kay Harriet Washton and George Kaye Jackie and Jerry Kehle Lisa See and Richard Kendall Katie Kitchen and Paul Kovach Rosemarie Lavender Bruce Lee, The Rockwood Charitable Trust Rose Ann and Michael Leiner Linda Dresner and Ed Levy, Jr. Drs. John and Mary Sanfelippo Lilley Mr. and Mrs. H. Montgomery Loud Tita and Dan McCarty Syndii and Jeff McCreary Joyce McGilvray Bette and Donne Moen Betty Kelly Moore Laura Taylor and David A. Mulkey, MD Donald and Judith Norris Nancy Odén Essie Perlmutter Cyrena and Lee Pondrom Christy and Bill Pope Ellen Roeser Noyes W. Rogers Michael and Debbi Fields Rose Advised Fund at Aspen Comm. Fdtn.

Hae-Soon Hahn and Steven Rosenbaum Helen and Marc Rubenstein Linda J. Sandell Linda and Jay Sandrich Lorraine and Mark Schapiro Sheri and Howard Schultz Ava Shamban

Carole and George Shaw Phyllis and Nathan Shmalo Madeline and Michael Silverman Alana Spiwak and Sam Stolbun Sandy and Stephen Stay Susman Family Foundation Lucia Swanson and Ted Levine MaryAnn Tittle Cathy Mitchell Toren and Peter Toren

Violinist and AMFS alumnus Ray Chen poses for photos with students backstage at the Benedict Music Tent, following his performance of Lalo's Symphonie espagnole with the Aspen Chamber Symphony.

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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Family of Supporters

Patti and Jay Webster Sallyann Wekstein Mindy Wexler and Ken Small Mary and Hugh Wise Zanin Family Foundation Barbara and John Zrno

BUSINESSES/FOUNDATIONS Aspen Daily News Harriman Construction, Inc. Maison Ullens Sashae Floral Arts & Gifts The Solid Rock Foundation

$700 AND ABOVE INDIVIDUALS Anonymous June and Hovik Abramian Ruth C. Abramson Jana and John Arnoldy Becky Ayres Joe M. Badt, III Linda Binder Judy Bridewell Biondini H. Lambert - C. Bond Dr. Eugene L. Brand LesLianne and Richard Braunstein Geri and Bob Brose Kathy and Richard Broussard R. Malcolm Brown, Jr. Ellie Caulkins Shirley Chann, in memory of Earl Kai Chann James W. and Kathleen C. Colllins Family Foundation Pat Cooper Phyllis M. Coors Dave Danforth Marian Lyeth Davis Sandra and Lynn Davis Mary Dominick-Coomer and Sven Coomer Marcia and John Donnell DuBose Family Foundation as requested by Jimmy and Caroll DuBose Elke Eckert

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Lyn L. Evans Karen and John Fagelson Marita Fairbanks Julia and Michael Fink Pamela and Roy Finkelman Marcia and Donald Flaks Barbara and Ed Foran Gerald J. Ford Ricki and Peter Fuchs Gabriella and Ramiro Garza Elvie and Yale Gieszl Darby Glenn and Patsy Malone Linda Fairstein and Michael Goldberg Karen Goldman, in memory of Jerry Goldman Thorey and Barry Goldstein Christine Grad, M.D. Shang Jin Hahn Margot and Dick Hampleman Paula and David Harris Kristen Henry Barbara and Gerald D. Hines Dale and Stephen Hoffman Barbara Reid and David Hyman Susan A. Ingerman and Arlene Siegelman Sandra and Bob Ireland Sandy and Charles Israel Laura and Michael Kaplan Veda Kaplinsky Mr. and Mrs. John Karoly Ann and Stephen Kaufman, in honor of Ed Berkeley Martha and Garnett Keith Carmen and Jeff Kobacker Christa Kohler Valerie and Patrick Lally Joan Lebach Margaret and Daniel Loeb, Third Point Foundation Michael and Karyn Lutz Family Foundation Wendy and Curt Lyon Jeannette and Mervyn Mandelbaum

‡ An Aspen Opera Center student performs in an Opera Scenes Master Class.

Anne Marquis William Mayer Robbie and John Michelman Caroline Y. and John Moore Betty Naster Navias Family Foundation Bert Neirick John J. Nicholson Glenda and Doug Otten Hensley and James Peterson Irma Prodinger Robin and Dr. Harold Quinn Clare and Charles Reel Pixie and Jimmy Reiss Barbara Rentschler Lori Reyes Karen and Bob Ritter

Elaine and Marvin Rosenberg Betsy Rosenfield Loie and Howard Rudge Marcus Ryu Martin Safko Joann and Richard Sanders Allison Sarofim Sally Saunders Kristen and Chris Vila Shari and Eric Schoon Kitty P. Sherwin Ann and Don Short Ellen and Mort Silver Mr. and Mrs. Heinz K. Simon Susan Bromberg Skolnick and Robert Skolnick Susanne and Jack Sogard Candace and Steven Stark Bill Stirling Austine Stitt Norma and Don Stone Freddie and Arthur Stromberg Barb and Bob Sypult Judy and Ron Trunsky Mish Tworkowski and Joseph Singer Ben Wegbreit Sheila and Jack Weinberg Laura Werlin Robert P. “Chet” Winchester Ruth Winter Corrine and Paul Wood

BUSINESSES/FOUNDATIONS Aspen Country Day School Aspen Skiing Company Family Fund bb’s kitchen Burberry Hearthstone House Nina McLemore Oates, Knezevich, Gardenswartz, Kelly & Morrow, P.C. Pfizer Inc. Sigma Alpha Iota Tanger Outlets The Arts Federation The Brown Foundation The Cliffs Foundation

The GE Foundation

$350 AND ABOVE INDIVIDUALS Dr. John E. Amos Shari Applebaum Gwyn Prentice and Andy Atterbury Carole and Arnold Bailis Janice Baucum Susan and Steven Beebe Phyllis and Sanford Beim Allison Bellows Edward C. Berkeley Carol and Mark Berliant Anne and Clarence Blackwell Rita K. Bloom Sandra M. Moses and Harvey S. Bodker Lotta and Stuart Brafman Lucia and Louis Brandt Dr. and Mrs. Daniel M. Brener Galen Bright Richard Carrigan Christine Karnes Megan and Tom Clark Carol and David Clemons Sheila Cleworth Peter R. Cohn Pat Conderman Willow and Bob Connery Claire and Wayne Dailey Margot and Jonathan Davis Nancy Thomas and Roger Davis Adelaide and James Davis Joseph de Compiegne Sheryl and Michael DeGenring Ina and Jan Dlouhy Lee W. Dorsey Howard Draft Maria and Paul Dragoumis Martha and William F. Drake, Jr. Eliza and Johnny Duncan Kay and Tom Dunton Tracy and Bubba Eggleston Charlene and Pierre Eilian

Nancy and Mike Estrada Mynan and Sam Feldman Wu Han and David Finckel Audrey A. Sattler and Donald J. Fleisher Edmund Frank and Eustacia Su David Frantz Kathy and Jeff Friedland Ethel and Bill Gofen Sandy and Bill Goodglick Marcy and Howard Gross Gurrentz Family Mark Hammond Mary Ann and James R. Harris Fran and Leroy Harvey Brigid and Brian Hazen Rosalie Heller Casady M. Henry Joan and George Hornig Mr. and Mrs. Thomas Horwich Dr. Leonard Horwitz Carlton J. Hunke Kay and David K. Ingalls Dr. and Mrs. Joseph and Cathy Jankovic Ms. Martie A. Moreno and Dr. Roger L. Johnson Ann and Doug Jones Meg and Ralph Jones Katherine Jordon Maury and Gerry Kaplan Prof. Carolyn Fairbanks and Nick Kereakos Jeff & Erica Keswin Family Foundation Gloria and Robert Koenig Jill and Mike Kosdrosky Pamela Pryor and Jay Kuhne Jessica Rothstein and Kurt Lageschulte Marilyn and Earl Latterman Nancy R. Levi Kristin and Chuck Lohmiller Mr. and Mrs. Dennis W. Loughridge Nancy MacHiah Ginnie Maes Laura Maggos Properties Evi and Evan Makovsky Nancy Manderson Kathy Mayer Colleen and Bill McAleer Donald P. McCourt

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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Family of Supporters

Music Director Robert Spano with students of the Aspen Conducting Academy.

Laurie Smith and Andy Prodanovic Sean Sprinkle Nicole Weiss and Gayatri Steeg Phyllis and Ron Steinhart Tracy Sutton Anne and Bill Tobey Margaret F. Walker Angi Wang Mr. and Mrs. Perry M. Waughtal Sam and Marshall Webb Tina and Brian Weiner Edith and Joe Whatley Wendy Hahn and Kent Whinnery

BUSINESSES/FOUNDATIONS

Roberta McCoy Joelle McDonough - Henry Claessens C. Glenn McLoughlin Sally and Bruce McMillen Posey and Mark Mealy Mary Mendenhall Dr. and Mrs. William Mitchell Nancy and Charles Mitchell Shelah and Marc Moller Jan and Tom Moloney Beth and Josh Mondry Eudice M. Morse Jane Moy and Paul Ruid Ricki and Kerry Newman Naughton-Nicholson Foundation/ Will F. Nicholson, Jr. Jane and Carroll Novicki Karin Reid Offield Beverly and Staman Ogilvie Baba and Tom Owen Lynda Palevsky Mr. and Mrs. William A. Parker, Jr. Parnes Family

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Jan and Jim Patterson Meghan Pearlman and Aaron Pearlman Dr. and Mrs. David S. Pearlman Marjorie Musgrave and Frank S. Peters Joyce and Ken Polse Melanie and Myron Roschko Deborah Preston and Frank Rumore Diana Rumsey Mark Salkind Karen and Mark Sather Alice, Michael, Kia, Kyle and Kaden Schmidt Susan and Sheldon Schneider Debra and Dennis Scholl Susie and Barry Schub Susan and Ford Schumann Jane Unger-Selowsky and Marcelo Selowsky Joseph W. Serene Mary Shafey Scott Showalter Bobbi and Gary Siegel Alicia and Alan Sirkin JoAnn C. Skillett Rona and Norman Smith

Aspen Constructors, Inc. - Michael Tanguay Aspen Magazine Aspen Snowmass Sotheby’s International Realty Everbank George Draper Construction, Inc. Land Title Guarantee Company Mu Phi Epsilon Foundation Rental Team at Aspen Snowmass Sotheby’s International Realty Town of Basalt

$175 AND ABOVE INDIVIDUALS Marcella W. Ach Marsha and Bill Adler Robert C. Anderson Fran and Dr. Dan Arnold Cecile and Martin Balser Carol T. Batchelder Gail and Jeffrey Bayer Christine S. and Leif C. Beck Barbara and Karl Becker Marcia Bishop

Sandra Blake Lois and Robert Bland Frances Freedman Blum and Jon Blum Carol and Morty Blumberg Annette and Lacy Boggess Dorothy Fait and David Borenstein Diana and Garrett Bouton Joseph Brazie Linda and Bob Brining K. Dane and Carter Brooksher Wendy and Dale Brott Marian and Buzz Brown Mr. and Mrs. Douglas M. Cain Rika and David Charley Jill and Allen Chozen Wini and Jack Colleran Reilly and Cowell Families Anna Beth Culver John Czuwak Pat Damoorgian Tom Davis Rosalee and Richard Davison E. Lee DeGolyer, III Kara Horner and Spencer Denison Ann and Ari Deshe and Family

Phil Desmond Ann Gershnov and Louis Dombro Penny and Charles Donelan Nancy S. Dunlap Ellie and Stuart Fine Alexandra Fischer Sonia Pabin and Dan Freed Sandra and Harold Friedman Sally and Alan Gass Shirley and David Ginzberg Beth Anne Goodman, in honor of Susan Beckerman Ann and Jim Goodman Nanette and Irving Greif, Jr. Patricia and George Haas Lois and Michael Haber Roslyn Harkavy Hetta and Jesse Heath Sally Greer and David Heil Sue and Bob Hess Carol Hood Peterson Ara Hovnanian Meg and Phil Kendall Sylvia Blau and Rabbi Samuel Kenner Dr. Edith W. King and Matthew King

Carol Ann and Don Kopf Janet Korenblat Susan and Jeff Krew Andrew Lan Judith and Robert Layton Denison Levy Albert Loushin Mikey and Marty Lustberg Julie and Robert MacLean Nancy and Richard Maltrud John Menninger Suzanne and Taber Meyers Trudy Ann Milcan Jean and Saul A. Mintz Foundation Dick Moebius Paula and Herbert R. Molner Mary and Roger Moyer Nassan Family Shelley Burke and Al Nemoff Lucy and Gary Nichols Win and George Norman Anne and Kip Oram Ruth Owens Peggy and Paul Pace Carol Paul and Glenn Earl Susan and Paul Penn Deborah Prince Gloria and Joe Pryzant Faith and David Rachofsky Ann and Gene Reiling Pearl and Stephen Renaker Edie and Donn Resnick Dr. and Mrs. Reuven Rosen Sarah and Norman Rosenberg Wm. E. Russell Priscilla A. Sadler Mary Salton Merle and Dr. Joel Schneider Elyse Schostak Joyce Semple

Â… Students enjoy a beautiful day on Campus with a practice session on the porch of the newly opened Robert Harth Building.

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Family of Supporters

Eve and Howard Shapiro Bonnie and Terry Shetler Sally Shiekman-Miller Betty and Rob Shiels Fund of Communities Foundation of Texas, Inc. Pamela Shockley-Zalabak Robyn Samuels and Bruce Shragg Marvin Siegel Nancy and Mark Silverman Diane and Jack Smith

Sandra Smith Mr. and Mrs. Sam Smith Julie and Barry Smooke Lorraine and Pat Spector Pat Spitzmiller Freda Gail Stern Diane and John Stine Jodi Surfas Kathy Hansen and Edward Sweeney Katherine H. Tachau

Shelly and Pete Thigpen Dale Toetz Marie Torreano Mary F. Torres Linda and Denis Trupkin Courtenay Vandermolen Dr. Frank C. Marino Foundation, Inc. Joyce L. Watson and Martin R. Warshaw Myriam Weinstein Pamela Weldon Nancy and Ed White Hans Widmer Lee and Jim Wockenfuss Maureen Stone and Doug Wyatt Karen and Shelby Wyll

BUSINESSES/FOUNDATIONS Michael A. Vernon & Co. C.P.A., P.C. Taylor Foundation The Benevity Community Impact Fund Three Trees Foundation of Akron Community Foundation

$100 AND ABOVE INDIVIDUALS Anonymous (2) Ann Abernethy BJ and Michael Adams Sarah C. Brett Smith and Stephen L. Adler Deborah and Joseph Amato Blake Appleby Sarah Armstrong Carole and Paul Auvil Kristin Balko Lisa and Joe Bankoff Beth and Jon Barnes Raifie Bass

Artist-faculty members Donald Weilerstein (violin), Vivian Hornik Weilerstein (piano), Brinton Smith (cello), and James Dunham (viola) perform Dvorˇák's Piano Quartet in D major.

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† Community members celebrate the Fourth of July at the AMFS's free annual concert, featuring beloved patriotic tunes, at the Benedict Music Tent.

Dr. Catherine Blom and Dr. Gordon Baym Karen Beard Daniel Becker Daniel Benavent Richard Berkshire Carla and R. Stephen Berry Dr. William J. Bertschy Nancy and David Billings Betsy P. Black Nancy and Evan Boenning Kathie and Howard Brand Markell Brooks Elizabeth Buccheri Brigitte and Peter Bunevich Anne W. Burrows Gordon and Ron Butz Elaine and Harris Cahn Rebecca Callahan and Family Franci Candlin Paula and Matthew Carr BJ and Jack Carter Joseph Chalal Lynda and Ron Charfoos Caroline Christensen Jan and Ned Cochran Sydney and Steven Cohen John R. Cohn Philanthropic Fund of the Dallas Jewish Comm. Foundation Constance Cole Gretchen Cooper Suzi Cordish Emily and Rick Corleto Barbie and Tim Cottrell Linda and Clay Crossland Sue Crowley James R. Custer, M.D. Lisa Dancing-Light

Bonnie and Mike Daniels Sandy Simpson and Don Davidson Mary de Compiegne Amy Doherty Carol Dopkin - Dopkin Real Estate & Ranch, Inc. Susan and James M. Dubin Mr. and Mrs. Aaron Edelstein Lucy and Dan Ellerhorst Jennifer Engel Robin Epstein Patti and Joe Farago Dr. Kathleen W. McGinniss-Feinzig and Mr. Herbert Feinzig Richard Finkelstein Margot Fleck Prof. Tom Franks Muriel Frei Dorothy Frommer Caralyn Fuld Lauren Garrity Barbara Gilmore

Betsy Schwarm and Rick Glesner DeeDee and Herb Glimcher Marilyn and Arnold Goldman Robert Goldstein David V. Gollon Jill Goode Sylvia and Marvin Gordon Marlene and Dennis Grant Sue Anne Griffith Sandy and Darryl Grosjean Lori Guilander Michael S. Haber Terry Hale Elise and Allan Hall Jo-Ann Hall Hugh S. Hatcher Julia Herman Anne W. Hetlage Susan and Chuck Hiller Cindy and Bill Hippel Elizabeth Hirsch

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

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Family of Supporters

Â… H arp student Noa Gabay performs Mahler's Symphony No. 1 in D major with the Aspen Philharmonic Orchestra.

Susanna Hoeppli Liza Hogan The Holmes family Shirley Holst Ellen and Les Holst Joel Horwich Paul W. Husted Paul Jacob Mr. and Mrs. George Jay Joseph Sally Anne Kaiser Karen and Michael Kaplan Peter Kelley Chris and Gary Kelly Stacey Kelly Karen and Phil Kelton

44

Soon Duck Kim and Kang Il Kim Roberta and Mel Klein Kathryn and John Koch Doris La Mar Sherri and Robert Langley Marian and Leonard Lansburgh Michael Latousek Thomas Latousek Carole and Gary Lazar Jay Leavitt DeDe and Moses Lebovits Linda Lee Lynne and Dan Levinson Grace Lichtenstein Jennifer and Greg Long

Jeri Loser Tricia Louthis Kristen Maley Jocelyn S. Malkin, M.D. Carolyn and Martin Manosevitz Joan and Michael Marek Carrie Marsh Julia Marshall/Mt. Daly Enterprises Susan E. and William H. Mason Mrs. Harriet Mehl Mary Anne Meyer Debbie and Bill Montgomery Tim Mooney Laurie Moore Leah and Bill Moriarty Lydia Morrongiello Stephen D. Morton Melanie Muss and Tracy Nichols Lyn and Doug Nehasil Drs. Sarah and Harold Nelson Jane A. Noon Pat and Hiram Nowlan Deb and Keith Oates Raymond Ollett and Ann Spaeth Amy O’Rouke The Rev. and Mrs. William J. Paran Terry Lee and Bill Parish Alice and Charles Parker Judith Parkinson Ginny Passoth Sandra and Fred Peirce Forest O. Peneton Sara M. Peterson Barbara Phillips Jennifer Piemonte Lawrence R. Pilon Susan C. Plummer Teresa Pollock Hackbarth Anne Powell-Riley

Wanda Wray Putnam Andrew L. Quiat and Jane Keener-Quiat Janet and Joe Raczak Ewald Rainer Olivia Regan Ellen and Milt Reitman Patricia Richards Kay Richter and Stephen Buchmann Karen and Don Ringsby Thorn C. Roberts Mr. and Mrs. E.B. Robinson Jr. Ruth and Mel Ronick Constance Rudick Louisa and James Rudolph Patti and Greg Rulon Lindsey Sackett Nancy and Rod Sanders Karen and Nathan Sandler Nina and Joshua Saslove Judith C. Schalit Marion A. Scharffenberger Donald Schiff Judith J. Schramm Debra and Gerald Schwartz Gerda and Harold Seifer Reina and Alberto C. Serrano Earlene and Herb Seymour Nancy and Philip Shalen Joyce and Charles Shenk Boyce and Daniel Sher Juliet Shield-Taylor Carolyn and Dick Shohet Jill Shore Pat and Robert Silverman Jo Ann and Dr. Samuel C. Silverstein Margaret and Mike Simmons The Simones family, Anthony, Lynette, Michele, Michael, Tommy Stanley Sloss Kara and Steve Smart

Dr. and Mrs. Charles C. Smith III Donna and Andrew Smith Dawnette Smith Rusha Smith Christopher Souki Sally Spindel Bernadette Connell and Randal Stahl Karen Stevenson Pat and Tom Stocker Dr. and Mrs. Barry S. Strauch Barbara B. Supplee Alicia and James Sweeny K. M. Tafejian Cecilia Tallichet Melissa J. Temple Dottie and Sandy Thomson Karen Toth Tara Turner Paula and Bill Turner John Turner Jan and Rein van West Donna and Jack Vogt Jennifer Causing and Peter Waanders Ruth and Bob Wade Barbara Wagner Becky and Craig Ward Hanna M. Warren

Riley Warwick Allison and Walter Weathers Jo and Howard Weiner Irene Weinrot Emily and Fred Weitz Joan O. Wertz Carol Winig Marj and Bill Wise Wendy Wogan Gary Wolf Reinhard Wolter Ruth Wright Jay Wright Pearl Zaid Marjorie Zollner

BUSINESSES/FOUNDATIONS Austin, Peirce & Smith, P.C. Dixie Dog Ventures, LLC Eli Lilly and Company Foundation IBM Sherry Achi/Skin Therapy Clinic JPMorgan Chase Foundation

* Denotes deceased

† Percussion artist-faculty member Cynthia Yeh performs with the Aspen Festival Orchestra.

45

REVENUE AND EXPENSES

The 2016 season saw a continuation of the AMFS’s focus on student excellence as outlined in the Long-Range Plan. The organization ended the year with a $250,000 surplus, which the Board of Trustees transferred to the endowment.

STUDENT ENROLLMENT Student enrollment was very successful financially in 2016; the AMFS enrolled 628 students on a budget of 607. The AMFS managed to increase enrollment, keep the programs balanced for instrumentation, and stay within the student aid budget. The student dormitories were full and made use of all rented beds. The AMFS also continued to implement the Long-Range Plan by increasing the time spent each week with piano students. This increased amount of artist-faculty time was balanced with a decrease in piano enrollment.

DEVELOPMENT Though fundraising goals for 2016 were ambitious, the AMFS finished the year in the black once again thanks to the unparalleled generosity of our family of supporters. Attendance at Benefits and Events was the driver of this success, netting $960,000 ($298,000 over budget), thus making up for a slight shortfall in the Annual Fund. The AMFS also raised money for the Pittsburgh Symphony Orchestra's Aspen residency. This project began after the annual budget was approved, so this fundraising was above the overall budget.

INVESTMENT INCOME The AMFS’s endowment policy is to draw 5 percent of a 36-month rolling average, net of fees, for operating expenses, scholarships, artist-faculty salaries, and other designated uses. The AMFS’s invested endowment had a return of 6.5 percent for fiscal year 2016 to end at a balance of $64.3 million. In the past ten years, the AMFS’s average annual return has been 4.6 percent, as compared to the S&P average annual return of 7.2 percent. For both the one- and ten-year periods, the AMFS’s return was achieved with significantly lower standard deviation as compared to the broader S&P 500.

46

Conductor and AMFS alumnus Stephen Mulligan leads a performance by the Aspen Philharmonic Orchestra.

Other income 2 PERCENT

EXPENSES Programs 6 PERCENT

Marketing

REVENUE Management and general costs 14 PERCENT

3 PERCENT

Student assistance and other school costs

Investment income 18 PERCENT

24 PERCENT

Student fees 25 PERCENT

Cost of sales-other earned income 3 PERCENT

Artist-faculty compensation

Program service compensation 8 PERCENT

15 PERCENT

Administrative compensation

Ticket sales Development (operating)

10 PERCENT

41 PERCENT

23 PERCENT

Guest artist compensation

Other earned income 4 PERCENT

4 PERCENT

ASPEN MUSIC FESTIVAL AND SCHOOL 2016 ANNUAL REPORT

47

Revenue and Expenses

ASPEN MUSIC FESTIVAL AND SCHOOL STATEMENT OF REVENUE AND EXPENSES

As of September 30, 2016

2016 Actual

2016 Budget

Variance of Actual to Budget

2015 Actual

Student fees

$4,167,743

$3,978,600

$189,143

$3,904,772

Ticket sales

1,584,168

1,495,500

88,668

1,485,991

Other earned income

685,595

687,000

(1,405)

652,236

Development (operating)

6,761,599

6,410,700

350,899

6,242,823

Investment income

2,923,518

2,909,200

14,318

2,762,911

374,835

334,000

40,835

202,655

16,497,458

15,815,000

682,458

15,251,388

Student assistance

2,600,376

2,567,000

33,376

2,495,408

Other school costs

1,401,221

1,354,700

46,521

1,344,312

4,001,597

3,921,700

79,897

3,839,721 1,655,368

REVENUE

Other income TOTAL REVENUE EXPENSES Student assistance and other school costs:

TOTAL Artist-faculty compensation: Base

1,630,110

1,669,000

(38,890)

Travel

55,250

27,800

27,450

30,867

Housing

774,223

779,150

(4,927)

754,928

Shares, classes, coachings TOTAL Guest artist compensation

68,500

1,825

66,771

2,544,450

(14,542)

2,507,934

683,446

722,500

(39,054)

575,274

Administrative compensation

3,707,510

3,716,500

(8,990)

3,553,270

Program service compensation

1,291,567

1,279,800

11,767

1,278,917

Cost of sales-other earned income

568,703

557,000

11,703

545,118

Marketing

470,441

516,500

(46,059)

547,943

Programs

901,022

342,300

558,722

228,843

2,263,485

2,292,150

(28,665)

2,297,747

16,417,679

15,892,900

524,779

15,374,767

79,779

(77,900)

157,679

(123,378)

Bucksbaum capital contribution

(50,000)

(50,000)

0

(40,000)

Transfer of staff salaries to capital campaign and project budgets

228,000

228,000

0

237,841

(257,779)

0

(257,779)

0

0

(100,000)

100,000

0

$0

$100

($100)

$74,463

Management and general costs TOTAL EXPENSES NET FROM OPERATIONS

Transfer (to)/from endowment Cushion / contingency NET REVENUE

48

70,325 2,529,908

† Trumpet artist-faculty member Louis Hanzlik performs side by side with students during an Aspen Chamber Symphony concert.

BACK COVER PHOTO

A member of Siudy Flamenco Dance Theater performs Falla's flamenco ballet El amor brujo with the Aspen Chamber Symphony.

225 MUSIC SCHOOL ROAD ASPEN, CO 81611

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