2017 Annual Report

ANNUAL REPORT 2017 FISCAL YEAR October 1, 2016 to September 30, 2017 ROBERT SPANO Music Director ALAN FLETCHER President and CEO

“ Music was the first thing I did that made me realize there is no ceiling. You can get as good as you want in anything.”

– K evin Gobetz, 2017 AMFS double bass student, pictured with artist-faculty member Bruce Bransby

TABLE OF CONTENTS 4 Letter from the Board Chair 5 Letter from the President and CEO 6 Artistic Highlights 14 Student Experience 18 Education and Community Programming 22 Where Dreams Begin Campaign 24 Media and Broadcasts 26 Benefits 30 Board of Trustees 32 Artist-Faculty 34 Family of Supporters 48 Financial Overview

Left to right, pianist Inon Barnatan, AMFS President and CEO and composer Alan Fletcher, and AMFS Music Director Robert Spano bow after the world premiere performance of Fletcher’s Piano Concerto on July 30.

C OVER PHOTO Music Director Robert Spano and Aspen Opera Center student Siena Licht Miller after the Aspen Chamber Symphony performance of Ravel’s L’enfant et les sortilèges.

P HOTOS Elle Logan, Aubree Dallas, Alex Irvin

The Aspen Music Festival and School’s 2017 season of Enchantment truly lived up to its name.

Thanks to our talented students, extraordinary faculty and staff, and generous supporters, we experienced unparalleled success in our core artistic and educational endeavors. The organization expanded historically important initiatives, such as our chamber music and composition programs, while continuing to attract the most brilliant musicians and teachers from around the globe. The hundreds of performances, recitals, master classes, and lectures to which our summer audiences were treated were captivating and filled the mountain air with magic and delight.

More than 630 immensely talented students spent their summer in Aspen, playing and learning alongside the world’s top music teachers. Nearly seventyfive percent of them received scholarship assistance to make that opportunity possible, bringing us closer to our goal that no deserving student will miss out on the AMFS experience because of financial need. Nine percent of our students are from underrepresented minority populations—significantly higher than most of our peer institutions—which positions our organization as a leading force in the national movement to increase diversity on performance stages.

The Matthew and Carolyn Bucksbaum Campus—completed last year on schedule, ahead of budget, and free of debt—continued to have a profound impact on our students, faculty, and the hundreds of community members and friends who visited our world-class facilities every week. We feel a palpable sense of pride in the beauty of our Campus and an even deeper sense of satisfaction in the kind of work we can now undertake due to its transformation.

In 2017, we also challenged ourselves to contribute more fully to the lives of area children and families. Today, more than 600 young people from 26 schools in the Roaring Fork Valley receive private music lessons, group classes, and ensemble experiences from the AMFS throughout the year. As the recipient of the largest grant given by the NEA in the State of Colorado, we launched a partnership with ArtistYear, a new national service program for arts education, which will bring five talented recent college graduates to teach music full-time in area schools for the next three years.

Our public presence reflected our institution’s maturity and excellence, propelled by the recent top-to-bottom branding engagement and new initiatives like the Festival’s Impromptu magazine, which is read by hotel guests all over Aspen and Snowmass Village, and the citywide light pole banners downtown that herald the importance of arts and culture to the economic success of Aspen.

The AMFS Board of Trustees is an extraordinary group; this year, we welcomed three new Trustees: Amy Margerum Berg, Arjun Gupta, and Victoria Smith. It has been a tremendous honor to serve as the Chair of the AMFS Board of Trustees for the past seven years. On behalf of all of us, thank you for everything that you’ve done and continue to do for the Aspen Music Festival and School. Like you, I look forward to watching our organization grow and evolve for many summers to come.

Robert J. Hurst Chair, Board of Trustees

LYNN GOLDSMITH

Music lives in Aspen with unsurpassed vitality. Our mission brings more than 800 musicians here to reimagine and bring a deeply personal interpretation to music from five centuries of the canon, as well as dozens of new works, some so new they are being written and revised right on our Aspen stages.

In 2017, the AMFS presented major premieres, including Matthew Ricketts’s Piano Concerto, Jonathan Leshnoff’s Violin Concerto, Mohammed Fairouz’s string quartet with baritone soloist, Chris Brubeck’s Affinity: Concerto for Guitar and Orchestra, the US premiere of Luke Bedford’s opera Seven Angels, and my own Piano Concerto. Students from the Susan and Ford Schumann Center for Composition Studies produced their own music, studying under one of the most illustrious assemblages of composers anywhere, and Aspen instrumentalists and students from the Aspen Conducting Academy came together multiple times to workshop these pieces and explore what makes music speak to the human heart.

With the theme of Enchantment, we looked deeply at the magical, transformative power of music. With its breadth of programming, the Festival offers an unusual opportunity to experience a myriad of works—some new, some favorites, some rediscovered, some revisited—in a way that makes each fresh again. The theme gave us the opportunity to present some lesser-known treasures, such as Ravel’s opera L’enfant et les sortilèges (The Child and the Enchantment); Zemlinsky’s The Mermaid; Prokofiev’s Symphonic Suite from The Love for Three Oranges; and Theofanidis’s Dreamtime Ancestors.

At the center of the AMFS are the music students here from all over the world, young talents growing in their artistry, connecting, and collaborating with their mentors and

peers in a way unlike at any other place. They are led by our incomparable artistfaculty, joined in 2017 by new artist-faculty members Choong-Jin Chang, principal viola of The Philadelphia Orchestra; Aralee Dorough, principal flute of The Houston Symphony; Frank Epstein, former principal percussionist with the Boston Symphony Orchestra and chair of the percussion and brass departments of the New England Conservatory; Thomas Hooten, principal trumpet of the Los Angeles Philharmonic; Jeff Khaner, principal flute of The Philadelphia Orchestra; Alex Klein, former principal oboe of the Chicago Symphony; and Christina Smith, principal flute of the Atlanta Symphony Orchestra.

The 2017 season not only offered once-in-a-lifetime artistic experiences and growth, but it did so within a context of solid financial and business success, with record fundraising, a balanced budget, elevated public image and awareness, and smooth operations. This is all made possible by an extraordinary community of music lovers, led by the Board of Trustees with Bob Hurst as its leader, and the artist-faculty, the Festival’s devoted National Council, every single generous donor, a wonderful group of volunteers, as well as a truly dedicated staff.

I hope you enjoy this 2017 Annual Report as it recalls the wonder and joy we experienced together over the past year.

Alan Fletcher President and CEO

ARTISTIC HIGHLIGHTS It was as magical as the season theme of Enchantment promised: Music Director Robert Spano led a season exploring the ideas of magic and transformation in music; key theme works included Zemlinsky’s The Mermaid and a concert version of Ravel’s L’enfant et les sortilèges that sparkled bright enough to light up the stormy night outside.

There was glamour and glory brought by the reigning classical stars of our day; intensity and depth brought by the scholarly and cutting-edge; joy in the coming together of wide-ranging yet emotionally close musical friends. Students reveled in it all, learning and growing in a blow-out, eight-week experience they will digest and draw from for years.

Above and right, Aspen Opera Center students perform on stage during the Aspen Chamber Symphony performance of Ravel’s L’enfant et les sortilèges, led by Music Director Robert Spano.

GLAMOUR AND GLORY Aspen’s celebrated alumna Renée Fleming

returned for a sold-out performance, singing songs by Michael Tilson Thomas and Björk.

• A nother star alumna, violinist Sarah Chang, sold out her performance of Vivaldi’s The Four Seasons and delighted audiences with her spicy rendition of Ravel’s gypsy-flavored Tzigane with the Aspen Chamber Symphony.

• T he inimitable Rufus Wainwright gave an intimate performance in Harris Concert Hall, featuring his music in new arrangements for string orchestra.

Mr. Wainwright also worked privately with the Aspen Opera Center and Aspen Conducting Academy Orchestra to workshop completed scenes from his yet-to-be-premiered opera Hadrian.

• Garrison

Keillor returned to the Benedict Music Tent with his Prairie Home “Love and Comedy” show in a storytelling extravaganza, including the famous “singing intermission,” copresented with Belly Up Aspen.

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DRAMATIC SUCCESSES The Aspen Opera Center presented two fully staged productions, Verdi’s La Traviata, conducted by George Manahan, and Mozart’s La clemenza di Tito, directed by Jane Glover, with singers just launching into their professional careers.

Both were directed by AOC Director Edward Berkeley.

The ensemble of Mozart’s La clemenza di Tito.

Performers backstage during Verdi’s La traviata.

The New Orleans-themed production of Verdi’s La traviata.

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IMPORTANT VOICES cclaimed pianist Inon Barnatan presented the world premiere of the piano concerto by A

AMFS President and CEO Alan Fletcher to an appreciative sold-out house. Mr. Barnatan also performed the work with the Los Angeles Philharmonic at the Hollywood Bowl on September 5.

• T he Aspen Opera Center performed the U.S. premiere of Luke Bedford’s opera Seven Angels, a sophisticated cautionary tale about climate change, in a concert version with the Aspen Contemporary Ensemble.

Extraordinary student pianist Tengku Irfan gave the world premiere of Matthew Ricketts’s

Melodia, for Piano and Orchestra and Grammy Award-winning guitarist Sharon Isbin performed a new concerto by Chris Brubeck called Affinity: Concerto for Guitar and Orchestra.

• T he American String Quartet commissioned and performed the world premiere of a work for quartet and baritone called Evermore by Mohammed Fairouz.

• T he AMFS hosted an important gathering of composers for a conversation about the concerto, moderated by composer and AMFS President and CEO Alan Fletcher. Joining the conversation were Stephen Hartke, Jonathan Leshnoff, Andrew Norman, and Christopher Theofanidis.

STEVE MUNDINGER

IN-DEPTH EXPLORATIONS • Emerging

star baritone Andrè Schuen and pianist Andreas Haefliger reimagined how to present Schubert’s aching Schwanengesang (Swan Song) in a program combining the songs with works by Berg and Beethoven.

The AMFS and Jazz Aspen Snowmass

together celebrated the 100th anniversary of the birth of Ella Fitzgerald with a show straight from Harlem’s Apollo Theatre tracing Ella’s life in song. AMFS students played the charts along with the Count Basie Orchestra and singers Patti Austin, Lizz Wright, and Andra Day. • Jonathan

Biss returned for the second year of his three-year Beethoven Complete Piano Sonata odyssey.

• T he Pacifica Quartet, with soprano Esther Heideman, performed Schoenberg’s Second String Quartet, which had never before been played at the AMFS; pianist Denis Kozhukhin played Boulez’s Piano Concerto No. 2, a “tour de force” work noted for pushing the boundaries of music making.

• D ebut artists, bringing their unique musicianship for Aspen audiences to hear, included pianists Martin Helmchen and Denis Kozhukhin, violinist Sergey Khachaturyan, cellist Marie-Elisabeth Hecker, and baritone Andrè Schuen.

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A panel of some of the most important living composers of our time convened to discuss the musical form, the concerto. Moderated by AMFS President and CEO and composer Alan Fletcher, at right, the panel included, left to right, Jonathan Leshnoff, Stephen Hartke, Christopher Theofanidis, and Andrew Norman.

FINAL SUNDAY The season concluded with Maestro Spano conducting Berlioz’s dramatic megawork, The Damnation of Faust. Joining the orchestra were mezzo-soprano Sasha Cooke as Marguerite, tenor Bryan Hymel as Faust, both AMFS alumni, and bassbaritone John Relyea as Méphistophélès, bass Federico De Michelis as Brander, and the Colorado Symphony Orchestra Chorus. Because of the enormous forces required, complete performances are a rarity. Each and every participant delivered a performance of nuance and intensity; Aspen audiences were spellbound.

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STUDENT EXPERIENCE

Left, Piano Competition winner Avery Gagliano. Top right, Winds Competition winner Doron Laznow.

Bottom right, Aspen Conducting Academy fellow Jane Kim.

3

TOP REASONS STUDENTS CHOOSE TO ATTEND THE AMFS

1

he opportunity to study with and/or perform T alongside our world class artist-faculty

2

The amount of financial aid offered

3

he opportunity to participate in an intensive, T high-level program of study

638

TALENTED STUDENTS

36 COUNTRIES 37 STATES

FROM AND

Average age

22

TOTAL AMOUNT OF FINANCIAL AID PROVIDED

2.7 million

$

42 %

are returning students

73 %

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

73 92%%

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

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MILESTONES AND MOMENTS • It was the inaugural year of the Center for Advanced Quartet Studies under the leadership of the Pacifica Quartet and joined by the Jupiter String Quartet, the American String Quartet, James Dunham, Sylvia Rosenberg, and Donald Weilerstein. As part of the Long-Range Plan goal to bolster chamber music offerings at Aspen, these illustrious musicians also coached chamber groups assembled from orchestra students.

• For the first time, the Susan and Ford Schumann Center for Composition Studies had a class that was a full fifty percent female.

• The AMFS received a record-breaking 2,489 applications for the 2017 season. The 638 students enrolled played in every orchestra and opera and gave dozens of free concerts and program recitals throughout the summer, including Chopin nocturnes at the Friday evening Overtures and a full marathon of works by the great piano virtuoso Franz Liszt.

• Artist-faculty member Earl Carlyss retired after thirtytwo years as director of the Center for Advanced Quartet Studies in Aspen, a milestone commemorated at a celebratory gathering on July 28.

The AMFS celebrated 25 years with artist-faculty members Victoria Chiang and Eric Kim, adding their names to the plaque hanging in the Benedict Music Tent.

CONGRATULATIONS TO THE 2017 COMPETITION WINNERS Krists Auznieks Jacob Druckman Prize, Student of Christopher Theofanidis and Stephen Hartke

Bryce Leafman Percussion, Student of Jonathan Haas, Douglas Howard, Edward Stephan

Zachary Brandon ACA Violin, Student of Robert Lipsett

Benjamin Manis Robert Spano Conductor Prize, given by Mrs. Mercedes T. Bass

Avery Gagliano Piano, Student of Arie Vardi

Addison Maye-Saxon Brass, Student of Per Brevig

Kerem Hasan Aspen Conductor Prize

Fergus McAlpine James Conlon Conductor Prize, given by Mrs. Mercedes T. Bass

Doron Laznow Winds, Student of Nancy Goeres and Per Hannevold

Nicholas Mendez ACA Piano, Student of Virginia Weckstrom

Jin Nakamura Low Strings, Student of Richard Aaron and Desmond Hoebig Aubree Oliverson Dorothy DeLay Fellowship, Student of Robert Lipsett Adam Phan Harp, Student of Nancy Allen and Anneleen Lenaerts Joel Thompson Hermitage Prize Johannes Zahn Robert J. Harth Conductor Prize Katherine Woo Violin, Student of Sylvia Rosenberg and Masao Kawasaki

President and CEO Alan Fletcher congratulates the 2017 competition winners on stage.

Aspen Conducting Academy Violin Competition winner Zachary Brandon performs with the Aspen Philharmonic Orchestra.

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EDUCATION AND COMMUNITY

PROGRAMMING IN LOCAL SCHOOLS The AMFS’s rapidly growing outreach program, AfterWorks, provides music education, either in school or after school for elementary, middle, and high school students throughout the Roaring Fork Valley. eginning Strings served 105 students in six Valley B

elementary schools. ead Guitar served 66 students in after-school programs L

in four schools, and 180 students with in-school programs in an additional four schools.

• M aroon Bel Canto Children’s Chorus (MBCCC), a classic children’s choir for grades three through eight, served 114 students in six schools.

Twice a year, the AMFS hosts Valley-wide honor ensembles at Harris Concert Hall, uniting students from Aspen to Rifle.

• A ll-Valley Honor Choir served 130 students in six schools from Aspen to Rifle.

• A ll-Valley Middle School Honor Band served 115 students in six schools from Aspen to Rifle and was conducted by former ACA conductor Norman Huynh.

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IN THE SUMMER

Family Concerts and other daytime programming served more than 300 children with pre-concert activities in the Meadows Hospitality Tent. Family Concerts included the U.S. premiere of Roald Dahl’s Dirty Beasts, written by Benjamin Wallfisch, and Bernard Rogers’s Musicians of Bremen.

Sing Play Move, a music education program for infants, toddlers, and preschool-age children, was in its second year and delighted eighteen young ones with their guardians. Kate Klotz, one of the directors of the Boulder Children’s Chorale, instructed the participants.

Little P.A.L.S. and P.A.L.S. (Passes and Lessons Scholarship) programs provided

music instruction to 201 participants. Of those participants, 66 percent received full or partial scholarships. P.A.L.S. ensembles had a record year with six string, four woodwind, two brass, and two percussion ensembles. An all-girls percussion ensemble, led by AMFS student Percussion Competition winner Bryce Leafman, even performed at Paradise Bakery for a delighted audience.

The Maroon Bel Canto Children’s Chorus Camp served up a week of vocal instruction, behind-the-scenes visits to AMFS rehearsals and performances, games, outdoor fun, and a rousing final performance.

Above and right, children learn about melody and steady beat at Sing Play Move.

THANKS TO THE DONORS WHO SUPPORTED EDUCATION AND COMMUNITY PROGRAMMING Alpine Bank Karyn and Charles Andrade The Aspen Thrift Shop Town of Basalt Stephen Brint and Mark Brown Golub Family Foundation Les Dames d’Aspen Nina McLemore National Endowment for the Arts Janet and Tom O’Connor

Beverle and Marc Ostrofsky Hensley and James Peterson Craig Platt Tyler Reece Anne and Chris Reyes Bonnie and David Rosner Caryn and Rudi Scheidt, Jr. Jeannie and John Seybold Gordon H. Silver Jill Gruenberg and Eric Vozick

The 2017 P.A.L.S. students.

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WHERE DREAMS BEGIN CAMPAIGN

Walter and Elizabeth Paepcke dreamed that a deserted, ex-mining town could change the world as an international crossroads for ideas, art, and the expansion of the human spirit. Aspen as we know it was born with the 1949 Goethe Bicentennial and Convocation and today—through the efforts of the Aspen Music Festival and School and other vital institutions—it remains a place where dreams begin.

To ensure life-changing experiences for new generations of aspiring musicians, and Aspen audiences, the AMFS is nearing the completion of its Where Dreams Begin campaign, a historic $75 million fundraising initiative that has transformed our teaching Campus and is strengthening endowment funding for students, artist-faculty, and programs. In 2016–17, we received $5.5 million in campaign gifts from friends and supporters across the country.

Board Chair Bob Hurst speaks before the unveiling of the Donor Recognition Wall.

Kids sit by the Great Pond on the Bucksbaum Campus.

Many of these generous gifts were designated to create The Robert J. Hurst Endowed Scholarship Fund, in honor of the AMFS’s current Board Chair.

We would like to express our gratitude to these contributors: Lisa and George Baker Amy Margerum-Berg and Gilchrist Berg Deborah and Gabriel Brener Karen Brooks Marion and Charles Burson Terri and Tony Caine Nancy and Steve Crown Bonnie and Ken Davis Eleanore and Domenico De Sole Antonia Paepcke DuBrul Tracy and Bubba Eggleston Jessica and John Fullerton Arjun Gupta Carolyn Hamlet Jamie and Bush Helzberg Soledad and Robert Hurst Debbie and Richard Jelinek Allison and Warren Kanders Barbara Bluhm-Kaul and

Donald Kaul Jessica Rothstein and Kurt Lageschulte Aimee and Robert Lehrman Mona Look-Mazza and Tony Mazza Ryan McDonough Camille and Robert McDuffie Lisa and Will Mesdag Denise Monteleone Becky and Mike Murray Sarah Broughton and John Rowland Laura Blocker and Mark Seal Donna and Elliott Slade Caroline Fitzgibbons and Tad Smith Dana and Andrew Stone Katherine and Mark van Alstine Christopher E. Walling Lorraine and Adam Weinberg Corrine and Paul Wood

UNVEILING OF THE BUCKSBAUM CAMPUS DONOR WALL Board Chair Bob Hurst, President and CEO Alan Fletcher, lead donor Kay Bucksbaum, and AMFS Music Committee Chair Jonathan Haas in front of the Donor Recognition Wall

On July 3, the AMFS unveiled the Bucksbaum Campus Donor Recognition Wall, designed by Harry Teague, to celebrate and thank donors who have given $25,000 and more in capital and endowed gifts to the AMFS. This event also served to celebrate the completion of the capital portion of the Where Dreams Begin Campaign. Upon completion of the ongoing endowment campaign, the names of all new contributors will be added to the wall.

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MEDIA AND BROADCASTS

In April, BBC Music Magazine published a full spread detailing editorin-chief Oliver Condy’s three-day visit to Aspen the summer before, entitled A Festival at its Peak.

Symphony Magazine’s article on summer music festivals featured the AMFS on the first page and included interviews with Music Director Robert Spano and two former students, as well as a prominent photo of the Benedict Music Tent. The Chicago Tribune also included the AMFS in its guide to summer classical music festivals and The New York Times listed the AMFS as one of the top 10 Spring and Summer Classical Festivals.

NEW! The AMFS launched several new media initiatives this year.

• T he Festival’s first podcast showcased the weekly High Notes panel discussions, featuring performers, composers, and scholars.

Moderated by AMFS President and CEO Alan Fletcher, it was shared weekly through iTunes, Google Play Music, and the AMFS website.

• The AMFS also launched a series of Spotify playlists that allowed audiences to enjoy the music and artists of the 2017 season, and compiled a varied selection of works into a weekly “mixtape” playlist for easy access to each week’s highlights.

• T he AMFS created a brand new AMFS web radio stream in partnership with broadcasting superpower American Public Media.

Listeners could hear exceptional performances from recent AMFS seasons free between June 15 and December 15 at www.yourclassical. org/aspen, introducing the huge APM classical audience to Aspen and some of its performance highlights.

The AMFS also gained attention from local and national media outlets, including Aspen Sojourner, The Aspen Times, Modern Luxury’s Aspen Magazine, the Post Independent, Mountain Living magazine, Opera News Online, and Gramophone. The AMFS increased its national broadcast presence with Colorado Public Radio’s classical stream and continued its important partnership with its official voice, Aspen Public Radio.

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BENEFITS

BENEFITS

The annual Season Benefit—An Enchanted Feast of Music, honoring Board Chair Robert J. Hurst—was held on August 7 in Hurst Hall on the Matthew and Carolyn Bucksbaum Campus. The evening was chaired by Mike Klein and Joan Fabry and included six gourmet courses with wine pairings, presented by Hotel Jerome Catering. The event resulted in over $1.5 million in donations—the most ever raised at an AMFS benefit— including a fully endowed scholarship honoring Mr. Hurst.

Performers included artist-faculty members harpist Nancy Allen, flutist Nadine Asin, and classical guitarist Sharon Isbin; violinist Augustin Hadelich; pianist Dongxu Jin; cellist Alisa Weilerstein; pianist Joyce Yang; and Aspen Opera Center student soprano Mané Galoyan with artist-faculty member Kenneth Merrill on piano.

On July 17, the AMFS held its 14th annual Opera Benefit. The blacktie evening was chaired by Richard Edwards, Denise Monteleone, and Jim Martin and included a New Orleans-themed dinner at the exclusive Caribou Club. The evening concluded with a full performance of Verdi’s La traviata by talented Aspen Opera Center students at the Wheeler Opera House.

Other benefit events in 2017 included intimate Artist Dinners in private homes with Alisa Weilerstein, Nikolai Lugansky, and Renée Fleming. Guests enjoyed an evening of cocktails, music, and great food, all while getting to know these extraordinary musicians. Seven House Music concerts rounded out the summer offerings with a special blend of opera and chamber music.

Jim Martin and Denise Monteleone, Opera Benefit co-chairs, at the 2017 event.

Center: Soledad and Robert Hurst with Robert McDuffie, right, and guests.

Shari Applebaum, Alan Fletcher, Carrie Wells, Rufus Wainwright, and Donna Slade.

Feast of Music chairs Joan Fabry and Michael Klein.

Trustees Mike Murray and John Fullerton, at the 2017 Feast of Music.

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THE SALON The Salon, an initiative cultivating a new generation of classical music enthusiasts, more than doubled its membership and hosted many successful events.

MUSIC, FOOD, AND FRIENDS In February, pianist/composer and Aspen alumnus Conrad Tao and food blogger and percussionist Molly Yeh joined Salon members at the Cooking School of Aspen for a gourmet evening and a lively conversation on virtuosity in both food and music.

MUSIC AND THE BRAIN In May, the AMFS collaborated with Aspen Country Day School on a talk about the ways playing music can change your brain and its significance to children. Speakers were AMFS President and CEO Alan Fletcher and AMFS Director of Education and Community Programming Katie Hone Wiltgen. Journalist and ACDS parent Daniel Shaw moderated.

SING FOR YOUR LIFE In July, Salon members enjoyed a moving conversation with rising opera star Ryan Speedo Green and ArtistYear co-founder Margo Drakos about how music can transform lives. Both Green and Drakos found music an inspiring path toward lives of joy, success, and service. The Aspen Institute’s Eric Motley moderated.

RUFUS WAINWRIGHT AND JIM HODGES Also in July, singer-songwriter and composer Rufus Wainwright sat down with painter Jim Hodges for “In Process,” a discussion on creativity, music, art, and life. Richard Edwards moderated and Jimmy’s, An American Restaurant and Bar, hosted.

Salon members discuss art and music during a Salon Signature Event at Jimmy’s, An American Restaurant and Bar.

SALON STEERING COMMITTEE MEMBERS Jamie Helzberg Cathy Koplovitz Erika Aronson Stern Alia Tutor Carrie Wells Rachel Zimmerman TOP AMFS Trustee Cathy Koplovitz, the Aspen Institute’s Eric Motley, Ryan Speedo Green, Rachel Zimmerman, AMFS National Council President Carrie Wells, Margo Drakos, and the Aspen Institute’s Peter Waanders at the Sing for your Life Salon event.

BOTTOM Singer-songwriter and composer Rufus Wainwright and artist Jim Hodges speak to Salon members at a Salon Signature Event.

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BOARD OF TRUSTEES October 1, 2016 to September 30, 2017

BOARD OF TRUSTEES

Warren Deck

Barbara Koval

Victoria L. Smith

LIFE TRUSTEES

Robert J. Hurst, Chair

Stephen Drimmer

Jonathan Lee

Gillian Steel

Paula Bernstein

Michael Klein, Vice Chair

James Dunham

Anthony Mazza

Judith Z. Steinberg

William Bernstein

Alan Englander

Alexandra Munroe

Erika Aronson Stern

Carolyn Bucksbaum

Willem Mesdag, Vice Chair

Ann Friedman

Michael Murray

Alia Tutor

Noël Congdon

John Fullerton

Anton Nel

JoaquÍn Valdepeñas

Sam Brown, Treasurer

Marian Lyeth Davis

Mary Giese

Janet O’Connor

Nancy Wall

Gail Engelberg, Secretary

Alfred J. Dietsch

Arjun Gupta

Patricia Papper

Charles Wall

John Doremus

Alan Fletcher, President and CEO

Jonathan Haas

Fonda Paterson

Stefan Edlis

Per Hannevold

Aaron Podhurst

Carrie Wells, President of National Council

Cornelia Heard

Dana Powell

Linda Vitti Herbst

Anne Reyes

Walter Isaacson, ex-officio

John Rojak

Allison Kanders

Danner Schefler

Gerald Katcher

Caryn Scheidt

Cathy L. Koplovitz

Jane Sherman

Richard Aaron Nadine Asin Amy Margerum Berg Edward C. Berkeley Sandra K. Bishop Stephen Brint Martin Carver

Arlene Lidsky Salomon

HONORARY TRUSTEES Joan W. Harris Itzhak Perlman Robert Spano

Gerri Karetsky Nancy Odén Charles Paterson Betty Schermer W. Ford Schumann Dennis Vaughn

Pinchas Zukerman

Music Director Robert Spano, Vice Chair Michael Klein, President and CEO Alan Fletcher, and Board Chair Bob Hurst at a summer board meeting.

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VOICE

ARTISTFACULTY During the 2017 season

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 Timothy Long ◊ Kenneth Merrill Gayletha Nichols Charles Prestinari Jeanne Slater Diane Zola PIANO Hung-Kuan Chen Andrew Harley Yoheved Kaplinsky Julian Martin Kevin Murphy Anton Nel Ann Schein Rita Sloan ◊ Arie Vardi Virginia Weckstrom Vivian Hornik Weilerstein Wu Han

Artist-faculty member Thomas Hooten sits side-by-side with trumpet students for an Aspen Festival Orchestra performance in the Benedict Music Tent.

VIOLIN

Jonathan Vinocour

Eric Reed

HARP

Hannah Lash

Irene Gubrud, voice

Renata Arado

Stephen Wyrczynski

Kevin Rivard

Nancy Allen

Jonathan Leshnoff

David Wakefield

Anneleen Lenaerts

Robert Levin

Thomas Haines, film scoring and audio recording

Steven Mackey

Alan Harris, cello

Andrew Norman

Sydney Hodkinson, composition

Laurie Carney David Chan Laura Park Chen Robert Chen David Coucheron Ellen de Pasquale Simin Ganatra David Halen Robert Hanford Austin Hartman Cornelia Heard Paul Kantor Masao Kawasaki Alexander Kerr David Kim Espen Lilleslåtten Robert Lipsett

CELLO Richard Aaron

John Zirbel

Darrett Adkins

TRUMPET

David Finckel

Karin Bliznik

Desmond Hoebig

Kevin Cobb

Eric Kim

William Gerlach

Wolfram Koessel

Louis Hanzlik

Michael Mermagen

Tom Hooten

Brinton Averil Smith

Billy Hunter Jr.

Brandon Vamos

David Krauss

DOUBLE BASS Bruce Bransby

Raymond Mase Stuart Stephenson

Christopher Hanulik

TROMBONE

Albert Laszlo

Per Brevig

Edgar Meyer

James Miller Michael Powell

LUTHIER Joan Balter

Augusta Read Thomas

ASPEN CONDUCTING ACADEMY Robert Spano, director Ingmar Beck Federico Cortese Larry Rachleff Markus Stenz Michael Stern

Naoko Tanaka

Aralee Dorough

TUBA

Timothy Weiss

Bing Wang

Erik Gratton

Warren Deck

Donald Weilerstein

Jeffrey Khaner

ENSEMBLES IN RESIDENCE

Peter Winograd

Demarre McGill

PERCUSSION

American Brass Quintet

VIOLA Daniel Avshalomov

Mark Sparks

◊

Jauvon Gilliam Jonathan Haas

Guy Ben-Ziony

CLARINET

David Herbert ◊

Heidi Castleman ◊

Mark Nuccio

Douglas Howard

Choong-Jin Chang

Michael Rusinek

Joseph Pereira

Victoria Chiang

Joaquin Valdepeñas

Edward Stephan

Wesley Collins James Dunham Beth Guterman Chu Masao Kawasaki Maiya Papach Masumi Per Rostad Sabina Thatcher Thomas Turner

BASSOON Nancy Goeres Per Hannevold Michael Sweeney HORN

Thomas Stubbs Mark Yancich Cynthia Yeh GUITAR Sharon Isbin

Jorge Mester, music director

Adele Addison, voice

Antoinette Perry, piano

ASPEN CONTEMPORARY ENSEMBLE

Nadine Asin

American String Quartet Pacifica Quartet

Joseph Kalichstein, piano

ARTIST-FACULTY EMERITUS

Earl Carlyss, Center for Advanced Quartet Studies, violin

Donald Crockett

Jennifer John, violin Catharine Carroll Lees, viola

Bonita Boyd, flute

Stephen Burns

Bil Jackson, clarinet

Yuko Uebayashi

Patrick Summers

Sylvia Rosenberg

Frank Epstein

Robert Sirota

Mark Stringer

FLUTE

Christina Smith

Judith Shatin

Robert Biddlecome, trombone

Robert McDuffie

John Rojak

Christopher Rouse

Gabriel Chodos, piano Carole Cowan, violin Michael Czaijkowski, composition John Graham, viola William Grubb, cello

Eugene Levinson, bass Theodore Oien, clarinet Sylvia Plyler, Aspen Opera Center Louis Ranger, trumpet Dennis Smylie, bass clarinet Paul Sperry, voice Viviane Thomas, voice George Tsontakis, composition Martin Verdrager, theory Dick Waller, clarinet Won Bin Yim, violin ◊

leave of absence

Takács Quartet SUSAN AND FORD SCHUMANN CENTER FOR COMPOSITION STUDIES Stephen Hartke, composer-in-residence Christopher Theofanidis, composer-in-residence VISITING COMPOSERS Christopher Cerrone

Andrew Bain

Timothy Collins

Erik Ralske

Daniel Kellogg

Student JJ Koh with artist-faculty member Joaquin Valdepeñas.

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FAMILY OF SUPPORTERS

The Aspen Music Festival and School gratefully acknowledges those who have made contributions to the organization between October 1, 2016, and September 30, 2017. 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.

$150,000 AND ABOVE INDIVIDUALS

Anne and Chris Reyes

Joan Fabry and Michael Klein

Alia and Ron Tutor Beatrice and Anthony Welters

$100,000 AND ABOVE INDIVIDUALS Mrs. Mercedes T. Bass Kay Bucksbaum Stefan Edlis and Gael Neeson Soledad and Robert Hurst Nancy and Charles Wall

BUSINESSES/FOUNDATIONS/ GOVERNMENT The Polonsky Foundation $35,000.00 AND ABOVE INDIVIDUALS Edward P. Bass

BUSINESSES/FOUNDATIONS/ GOVERNMENT

Neil G. Bluhm

Dorothy Richard Starling Foundation

Zoë and William D. Budinger

$80,000 AND ABOVE INDIVIDUALS

Stephen Brint and Mark Brown Richard Edwards Jane and Michael Eisner, The Eisner Foundation Linda and Alan Englander

Anonymous

Ann and Tom Friedman

Kelli and Allen Questrom

Mary E. Giese

Mary and Patrick Scanlan

Irving Harris Foundation, Joan W. Harris

The Marc and Eva Stern Foundation Eva and Marc Stern Erika Aronson Stern and Adam Stern BUSINESSES/FOUNDATIONS/ GOVERNMENT City of Aspen $55,000 AND ABOVE INDIVIDUALS Martin Carver Jessica and John Fullerton

Clarinet student Juan Olivares practices outside on the Bucksbaum Campus.

Gillian and Robert Steel

Jane and Gerald Katcher Barbara Koval Toby D. Lewis Philanthropic Fund Mona Look-Mazza and Tony Mazza John P. and Anne Welsh McNulty Foundation Leslie and Mac McQuown Alexandra Munroe and Robert Rosenkranz David Newberger Janet and Tom O’Connor

Shirley and Barnett C. Helzberg, Jr.

Patricia M. and Emanuel M. Papper Foundation

Allison and Warren Kanders

Dana and Gene Powell

Leonard and Judy Lauder

Ali and Lew Sanders

Lisa and Will Mesdag

Betty and Lloyd Schermer

Becky and Mike Murray

June and Paul Schorr lll

Lynda and Stewart Resnick

Jane and Larry Sherman

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BACK! FRIDAY WEEKLY WINE TASTINGS In 2017, Friday Weekly Wine Tastings returned, and the AMFS welcomed Clarence Dillon Wines as the new official wine purveyor of the Aspen Music Festival and School. The company featured its Clarendelle line (red, white, or rosé), which is inspired by Haut-Brion, at the wine booth in front of the Benedict Music Tent each Friday for ticket holders.

The Simms/Mann Family Foundation, Victoria and Ronald Simms Judith Z. Steinberg and Paul J. Hoenmans BUSINESSES/FOUNDATIONS/ GOVERNMENT The Aspen Times Thomas S. Kenan Institute for the Arts Louis & Harold Price Foundation, Inc. Tippet Rise Fund of the Sidney E. Frank Foundation $20,000 AND ABOVE INDIVIDUALS Anonymous Giancarla and Luciano Berti Bishop Family Foundation Ruth Carver Nancy and Steve Crown Antonia Paepcke DuBrul and the DuBrul Family Marcy and Leo Edelstein Deborah and Richard Felder Andi and Jim Gordon, The Edgewater Funds Arjun Gupta Gerri Karetsky and Larry Naughton Barbara and Jonathan Lee Aimee and Robert Lehrman Melony and Adam Lewis Steve Marcus Nancy Meinig - Meinig Family Foundation Denise Monteleone and Jim Martin Jenny and John Paulson Thaddaeus Ropac Jeannie and Tom Rutherfoord Caryn and Rudi Scheidt, Jr.

Laurie Tisch Carrie and Joe Wells Ann Ziff BUSINESSES/FOUNDATIONS/ GOVERNMENT Clarence Dillon Wines LLWW Foundation Steinway & Sons, Inc. The Rob and Melani Walton Foundation $13,000 AND ABOVE INDIVIDUALS Susan Beckerman Sam Brown and Alison Teal - Centennial Partners Noël and Tom Congdon Shannon Fairbanks Nanette Finger Karen and Jim Frank/J.S. Frank Foundation Jane and Bill Frazer Ann and Gordon Getty Foundation Harriett and Richard E. Gold Meg and Bennett Goodman Sharon and Lawrence Hite Ellen and Irv Hockaday Cathy and Jonathan Koplovitz Marianne and Sheldon Lubar Charitable Fund Holly and John Madigan Bettie McGowin Miller Nedra and Mark Oren Jean and Allen Parelman Pat and Ed Peterson Dorothy and Aaron Podhurst Carolyne Roehm and Simon Pinniger Nicholas and Jeanne Rohatyn Nancy and Miles Rubin Arlene and Chester Salomon

IN MEMORIAM It is with sadness we note the passing of members of the AMFS community, including longtime donor and Chairman’s Circle member Erik O. Giese; longtime donor Susan Miller; longtime donor Peter Meinig; longtime donor Margy Eberhardt; longtime donor Dr. John E. Amos; longtime donor and volunteer Freda Gail Stern; head concert piano technician at the AMFS for thirty-eight years, Robert Lee Schoppert; and former student and Director of the Aspen Choral Institute, Dr. Fiora Corradetti Contino.

Violinist and alumna Simone Porter backstage after her Aspen Chamber Symphony performance of Mozart’s Third Violin Concerto.

Lisa and David T. Schiff, The Schiff Foundation

Hotel Jerome

Barbara and Bruce Berger

Alex Dell

Sandy and Lee Godfrey

Mountain Living Magazine

Katie and Carl* Bergman

Laura Donnelley

Barbara Gold

Deborah and Gabriel Brener

Nadia and Stephen Drimmer

$8,500 AND ABOVE INDIVIDUALS

Melva Bucksbaum Family Foundation

Pam and Ken Dunn

Ramona Bruland and Michael Goldberg

Leatrice and Melvin Eagle

Thorey and Barry Goldstein

Anonymous (2)

Suzanne D. and M. Peyton Bucy

Sandy and Paul Edgerley

Jan and Ronald Greenberg

Pamela Gross and Charles Anderson

Terri and Tony Caine

Gail and Richard Elden

Arthur Greenberg

Pamela and Richard Cantor

Gail and Alfred Engelberg

Celeste C. and Jack J. Grynberg

Thomas H. Baer

William E. Connor Foundation

Judith Barnard and Michael Fain

Vinod and Laurel Gupta

Marilyn and George Baker

Bunni and Paul Copaken

Alan Fletcher and Ron Schiller

Julia Hansen

Charles Balbach and Maggie Hayes

Sylvie and Gary Crum

Mr. and Mrs. Owen* O. Freeman, Jr.

Patricia and Rodes Hart

Vivian and Norman Belmonte

Ginny Dabney

Barbara and Richard I. Furman

Ann F. and Edward R. Hudson, Jr.

Jeannie and John Seybold Beth and Ben Wegbreit BUSINESSES/FOUNDATIONS/ GOVERNMENT America-Israel Cultural Foundation Aspen Public Radio Maja DuBrul First Republic Bank The Gant Condominium Association

Elissa Davis

Mary Ann Hyde

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BUSINESSES/FOUNDATIONS/ GOVERNMENT Alpine Bank of Aspen Aspen Sojourner Aspen Square Condominium Hotel Marianne Boesky Gallery Caribou Club, Ltd. Carl’s Pharmacy First Western Trust, Aspen Focusrite RedNet Fusion Design and Catering Jimmy’s, An American Restaurant and Bar The Little Nell Miners’ Building Hardware Mountain Chalet-Aspen U.S. Bank Woody Creek Distillers $4,000 AND ABOVE INDIVIDUALS Ronald Ager, in memory of Ellie Ager Lisa and George Baker Amy Margerum Berg and Gilchrist Berg Nancy Blank Susan and Richard Braddock Mark A. Bradley

Harp student Madeline Olson performs in the Tent.

Jackie and John Bucksbaum Catherine and Bill Cabaniss

Sylvia and Dick Kaufman

Marlene and Fred Malek

Fonda and Charles Paterson

Marianne and Dick Kipper

Gail and Alec Merriam

Merbie and Tom Payne

Anna-Lisa Klettenberg

Renee and Bruce Michelson

Catherine and Thomas Reagan

Isa Catto Shaw and Daniel Shaw, in memory of Heather Catto Kohout

Cynthia Knight

Lecie and Jack Resneck

Lois Siegel

Ann and Tom Korologos

Diane and Ronald Miller Charitable Trust

Myra and Robert Rich

Caroline Fitzgibbons and Tad Smith

Ellen and Fred Kucker

Stephanie and Michael Naidoff

Judy and Gary Rubin

Nancy and Bruce Stevens

Katharine C. Kurtz, in memory of James B. Kurtz

Ilene and Jeff Nathan

Lois and Tom Sando

Helen E. Stone

Sara and Don Nelson

Gloria Scharlin

Marcia Strickland

Joe LaDou

Ann and Bill Nitze

Phyllis and David Scruggs

Leslie and Joe Waters

Bette MacDonald

Cathryn and Victor Palmieri

Rachel and Paul Zimmerman

Newton Bartley and Eric Calderon Merle Chambers Tina Chen and Marvin Josephson Janet F. Clark Martha and Bruce Clinton Margit and Lloyd Cotsen Eleanore and Domenico De Sole Brian and Susan Dickie Muffy and Andy DiSabatino

Ann and John Doerr

Phyllis and Saul Lowitt

Marion W. Weiss

Jerry Eberhardt

Betty and Jim* McManus

Tamara and Frank Woods

Tracy and Bubba Eggleston

Diane and Mead Metcalf

Andrea Yablon

Debbie and Jerry Epstein

Ellie and Bob Meyers

Theba and Buster Feldman

Susan Miller*

Fisher Family Fund at the Community Foundation for Greater Buffalo

Robert Prentis Morris and JoAnn Ross

Rich Garvin Julie Gerson, in memory of Peter Gerson

Laura Taylor and David A. Mulkey, M.D.

BUSINESSES/FOUNDATIONS/ GOVERNMENT Abbot Downing AM Gas The ASCAP Foundation Raymond Hubbell Musical Scholarship Fund

Barbara and Gary Goldstein

Marcie and Robert Musser Advised Fund at Aspen Community Foundation

Susanne H. Goldstein, in memory of Edward A. Goldstein

Drs. Amy D. Ronner and Michael P. Pacin

Aspen Valley Hospital

Christine Grad, M.D.

Virginia Pearce

bb’s kitchen

Maryann and Adrian Gruia

Mr. and Mrs. Robert D. Pugh

Brenda and James Grusecki

Kathryn and Richard Rabinow

Chateau Roaring Fork Condominium Association

Marianne and John Gunzler

Pixie and Jimmy Reiss

Clark’s Market

Sarah R. Wolff and Joel L. Handelman

Marilynn and Charles Rivkin

The Aaron Copland Fund for Music, Inc.

Sue and Bob Helm

Gary Rosenau

Deborah and Larry Hoffman

Sarah Broughton and John Rowland

Hojel-Schumacher Foundation

Dr. Cyrena Torrey Simons and Mr. Marcus Ryu

Erica Hartman-Horvitz and Richard Horvitz

Phyllis and Sidney Rodbell

Clare and Marius Sanger

Liba Icahn

Barbara and Gene Schmitt

Debbie and Richard Jelinek

Alece and David Schreiber

Dr. Jane Jenkins

Susie and Barry Schub

Shana Johnstone/Shenandoah Foundation

Karen Setterfield and David Muckenhirn

Ellen A. Efros and Fritz R. Kahn

Patsy and John Shields

Andrew Karetsky, in honor of Gerri Karetsky

Gordon H. Silver

Hyunja and Jeff Kenner

Billy Stolz

Sally and Jim Klingbeil

Curt Strand

Mary Jo and Dick Kovacevich

Andrea and Lubert Stryer

Katie Kitchen and Paul Kovach

Carol and Mack Trapp

Nancy and Bart Levin Bertel M. Lewis

Mish Tworkowski and Joseph Singer

Judy and Sam Linhart

Linda and Dennis Vaughn

Mary Ralph Lowe

Rivka and Seth Weisberg

Gayle and Paul Stoffel

Asian Cultural Council Aspen Skiing Company

Les Dames d’Aspen European Caterers, Ltd. Frias Properties of Aspen, Chuck Frias & Tim Clark Friends of the Minnesota Orchestra Golub Family Foundation Harriman Construction, Inc. Fred and Elli Iselin Foundation Ernst and Wilma Martens Foundation John P. McBride Family and the ABC Foundation New World Scholarship for Summer Studies in Music of the Lin Yao Ji Scholarship Program New World Symphony Pitkin County Dry Goods Thrift Shop of Aspen United Jewish Appeal Aspen Valley powered by JEWISHcolorado Conducting student Thibault Back De Surany looks over a score before an Aspen Conducting Academy performance.

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Charles B. Edison Memorial, Mrs. Charles B. Edison

Linda Dresner and Ed Levy, Jr.

Marja Engler

Kristin and Chuck Lohmiller

Anne and Alan Feld, Communities Foundation of Texas

Mr. and Mrs. H. Montgomery Loud

Susan and George Fesus

Joyce McGilvray

Barbara Fosco and David Missner Mary Ann Frenzel Nancy Swift Furlotti Virginia and Gary Gerst Joseph and Alma Gildenhorn Jean Golden Lynda M. Goldstein Marilyn and Dean Greenberg

Chuck Bellock $2,000 AND ABOVE INDIVIDUALS

Wilma and Stuart Bernstein

Anonymous

Shelley Senterfitt and Ken Canfield

The Rona and Jeffrey Abramson Foundation

Judy and Archibald Cox, Jr.

Ruth C. Abramson - Stephen Abramson Scholarship

Mary and John Cronin

Henry Lambert - Carey Bond

Barbara and Herschel Cravitz

Mr. and Mrs. David Dreman/The Dreman Foundation Merle Dulien Eliza and Johnny Duncan Bernice and Loyal Durand

Cyrena and Lee Pondrom

Ellen Roeser

Dorene and Frank Herzog

Noyes W. Rogers

Juliane Heyman

Michael and Debbi Fields Rose Advised Fund at Aspen Community Foundation

Linda and Eugene Kalnitsky Sally B. Kaplan Laura and Michael Kaplan

Inanna Donnelley and Jeffrey Taback and the Gaylord Donnelley Charitable Trust

Erin Leider-Pariser and Paul Pariser

Lindsay and Arthur Remiers

Dorothy S. Jacobs

Connie and Buddy Bates

Nancy OdĂŠn

Alexander Henkin

Cathy and Walter Isaacson

Marilyn Hayes and John Balson

Donald and Judith Norris

Lexie and Robert Potamkin

Thomas Isaac

Wells Fargo Private Bank

Diane Morris

Jamie and Bush Helzberg

Elizabeth Katz and Reed Hundt

The Patricia Dedman Family Foundation

Betty Kelly Moore

Sally and Steve Hansen

Sue Hostetler

Tracy and Dennis Albers

Bette and Donne Moen

The Pope Foundation, Inc. in honor of William H. Pope

Ruth and George Hopfenbeck

Vulcan Materials Company Matching Gifts

Tita and Dan McCarty

Carolyn Hamlet

Linda and Steven Hill

Artist-faculty member Darrett Adkins and composer Augusta Read Thomas, both alumni, backstage at the Benedict Music Tent.

Perry J. Lewis

Harriet Washton and George Kaye Bonnie Levinson and Dr. Donald Kay Thomas S. Kenan, III Judah Klausner Elizabeth and Michael Klump Mollie L. and Garland M. Lasater, Jr. Charitable Fund

Hae-Soon Hahn and Steven Rosenbaum Phil Rothblum Helen and Marc Rubenstein Linda J. Sandell Lorraine and Mark Schapiro Enika and Richard Schulze Harriet Silverman Madeline and Michael Silverman Shannon, Laura, Kimball, Donna and Elliott Slade Alana Spiwak and Sam Stolbun Sandy and Stephen Stay Bill Stirling Ellen and Steve Susman

Rosemarie Lavender

Cathy Mitchell Toren and Peter Toren

Bruce Lee, The Rockwood Charitable Trust

Edith Kallas and Joe Whatley

Mindy Wexler and Ken Small

Mary and Hugh Wise

Neil-Garing Insurance

Claudia and Richard Balderston

Lucia and Louis Brandt

Sandy and Charles Israel

Judith Wyman

Nina McLemore

Michael Behrendt and Ivan Cassar

Kathy and Richard Broussard

Mary Kay and Ed Joyce

Zanin Family Foundation

Sashae Floral Arts & Gifts

Tina and Simon Beriro

Susan L. Brown

Veda Kaplinsky

The Solid Rock Foundation

Edward C. Berkeley

Jon Busch

Christine Bernick

Ellie Caulkins

Ann and Stephen Kaufman, in honor of Ed Berkeley

The Community FoundationMortimer and Josephine Cohen Fund

Shirley Chann, in memory of Earl Kai Chann Katherine and Dane Chapin

Jessica Rothstein and Kurt Lageschulte

Sue and Jock Bickert

Dr. Janet Claman

Bill Lambert

Melissa Eisenstat and Jonathan Blau

Phyllis M. Coors

Joan Lebach Nancy R. Levi

Dr. Eugene L. Brand

Dave Danforth Sandra and Lynn Davis

Drs. John and Mary Sanfelippo Lilley

BUSINESSES/FOUNDATIONS/ GOVERNMENT Anonymous Aspen Daily News Aspen Self Storage Warehouses Burberry Loews Foundation Maison Ullens

$800 AND ABOVE INDIVIDUALS Anonymous June and Hovik Abramian Todd Arcomano Becky Ayres

Sheryl and Michael DeGenring Mary Dominick-Coomer and Sven Coomer Marsha and David Dowler Maja and Nicholas DuBrul Caroline W. Duell Lyn L. Evans Mr. and Mrs. A. Huda Farouki Julia and Michael Fink Pam Finkelman Marcia and Don Flaks Edmund Frank and Eustacia Su Ricki and Peter Fuchs Donna Genet Darby Glenn and Patsy Malone Karen Goldman, in memory of Jerry Goldman

Brass students warm up before an Aspen Festival Orchestra performance.

Martha and Garnett Keith

Margaret and Daniel Loeb, Third Point Foundation Patty and Robert Mack Nancy and Robert Magoon Syndii and Jeff McCreary Joelle McDonough - Henry Claessens Caroline Y. and John Moore Betty Naster Navias Family Foundation John J. Nicholson Glenda and Doug Otten Ruth Owens Essie Perlmutter Hensley and James Peterson Craig Platt

Hearthstone House

Irma Prodinger

Joan and Rodger Gurrentz, in memory of Susan and Morton Gurrentz

Dr. Harold Quinn Clare and Charles Reel

Margot and Dick Hampleman Paula and David Harris

Cecily and Richard Rubinson, in honor of Nadine Asin

Nicholas Heckett

Loie and Howard Rudge

Barbara and Gerald D. Hines

Sally Saunders

Dale and Stephen Hoffman

Kitty P. Sherwin

Barbara Reid and David Hyman

Ellen and Mort Silver

Sandra and Bob Ireland

Mr. and Mrs. Heinz K. Simon

Elaine and Marvin Rosenberg

Volha and Nicholas Singer

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Two Leaves and a Bud Tea Company

Lee W. Dorsey Nancy and Mike Estrada Adrienne Ewing-Meyer

$400 AND ABOVE INDIVIDUALS

Mynan and Sam Feldman

Anonymous (2)

Jeffrey Friedland

Yuni and Richard Aaron

The Jack, Karen, Hillary, and Max Friedman Philanthropic Fund of the Jewish Federation of Greater Pittsburgh

BJ and Michael Adams Carol and Ken Adelman John E. Amos* Carole and Arnold Bailis Janice Baucum Susan and Steven Beebe

Left to right, Low Strings Competition winner Jin Nakamura with Aspen Conducting Academy fellows Thibault Back De Surany, Oren Gross-Thaler, and Shokhrukh Sadikov.

Marcy and Howard Gross Lulie and Gordon Gund

Carol and Mark Berliant

Anna and Jonathan Haas

Carla and R. Stephen Berry

Mary Ann and James R. Harris

Judy Bridewell Biondini

Connie Heard and Edgar Meyer

Christi Blish and Tom Morrrison

Casady M. Henry

Rita and Herschel Bloom

Kristen Henry

Sandra M. Moses and Harvey S. Bodker

Mr. Patrick Henry, Jr.*

LesLianne and Richard Braunstein

Eveline Hoffman

Dr. and Mrs. Daniel M. Brener

Dr. Leonard Horwitz

Galen Bright and Lucy Tremols Richard Carrigan

Susan A. Ingerman and Arlene Siegelman

Megan and Tom Clark

Virginia and Richard Irwin

Carol and David Clemons

Dr. and Mrs. Joseph and Cathy Jankovic

Sallyann Wekstein

Izotope

Doreen and Matthew Skolnick

Laura Werlin

Mobil Foundation, Inc.

Lawrence Skolnick

Joan O. Wertz

Susanne and Jack Sogard

Robert P. “Chet” Winchester

Music Center of Los Angeles County

Abby and Steve Solomon

Barbara and John Zrno

National Academy of Recording Arts & Sciences, Inc.

BUSINESSES/FOUNDATIONS/ GOVERNMENT

Oates, Knezevich, Gardenswartz, Kelly & Morrow, P.C.

Pat Damoorgian

The Arts Federation

Pfizer Inc.

Adelaide and James Davis

Aspen Skiing Company Family Fund at Aspen Community Foundation

Sigma Alpha Iota

Deb and David Dieter

Texas Instruments Foundation

Germaine and Al Dietsch

Barb and Bob Sypult Michael Teschner Mitzi Webber

Suzanne and Steve Gilison

Peggy Scharlin Ben-Hamoo and Shlomo Ben-Hamoo

The GE Foundation

Lucia Swanson and Ted Levine

Elvie and Yale Gieszl Ethel and Bill Gofen

Patti and Jay Webster

Norma and Don Stone

Lady and Chip Fuller

Phyllis and Sanford Beim

Susan Bromberg Skolnick and Robert Skolnick

Austine Stitt

Carol H. Fishman

Sheila M. Cleworth Peter R. Cohn Bob Connery Dale Coudert John Czuwak Claire and Wayne Dailey Nancy Thomas and Roger Davis

Sharon and John Hoffman

Meg and Ralph Jones Elyse Seidner-Joseph and Kenny Joseph Maury and Gerry Kaplan Kathy and Richard Kaplan Lisa See and Richard Kendall Dr. Edith W. King and Matthew King Lorraine and Bob Kingsbury Carmen and Jeffrey Kobacker Gloria and Robert Koenig Christa Kohler

Valentina Kova

Phyllis and Ron Steinhart Nicole and Lex Tarumianz

BUSINESSES/FOUNDATIONS/ GOVERNMENT

$200 AND ABOVE INDIVIDUALS

Christine S. and Leif C. Beck

Kathy Le Mieux-Rodman The Lutz Family Charitable Fund

MaryAnn Tittle

AMFS Artist-Faculty Fund

Anonymous (2)

Mary Ann and John Beckley

Jeannette and Mervyn* Mandelbaum

Anne and Bill Tobey

Marsha and Bill Adler

Dr. and Mrs. A. David Bernanke

Sue and Dick Volk

Aspen Constructors, Inc.Michael Tanguay

Dr. William J. Bertschy

Nancy Manderson

Charlotte Wandell

Bethel Party Rentals

Joyce Amico and Charles Malkemus

Roberta McCoy

Hanna M. Warren

EverBank

Shari Applebaum

Marcia Bishop

C. Glenn McLoughlin

Sheila and Jack Weinberg

Mu Phi Epsilon Foundation

Fran and Dr. Dan Arnold

Anne and Clarence Blackwell

Robert Woo

National Federation of Music Clubs

Joan Balter

Sandra Blake

Mary Mendenhall

Network for Good

Lisa and Joe Bankoff

Fran and Larry Blum

Nancy and Charles Mitchell

Town of Basalt

Kathy Barger

Carol and Morty Blumberg

Sally and Bruce McMillen

Barbara and Karl Becker

Anita and James Bineau

Shelah and Marc Moller Ellen-Jane and Ben Moss Jane Moy and Paul Ruid Carol and David Neuberger Naughton-Nicholson Foundation/ Will F. Nicholson, Jr. Jane and Carroll Novicki Lynda Palevsky Jan and Jim Patterson Dr. and Mrs. David S. Pearlman Meghan Pearlman and Aaron Pearlman Marjorie Musgrave and Frank S. Peters Joyce and Ken Polse Pam and Jim Porter Alison and Mitchell Robbins Melanie and Myron Roschko Diana Rumsey Ally and Scott Russell Susan and Sheldon Schneider Debra and Dennis Scholl Susan and Ford Schumann Mary Shafey Clare Evert Shane and Steven Shane Phyllis and Nathan Shmalo Alicia and Alan Sirkin JoAnn C. Skillett Rona and Norman Smith

Left to right, artist-faculty members Alexander Kerr, Nancy Goeres, and Michael Rusinek speak with patron Paula Molner outside the Benedict Music Tent.

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GORDON AND LILLIAN HARDY PLANNED GIVING SOCIETY Named for Gordon Hardy’s rich legacy as president of the AMFS for twenty-eight years and his dedication to the music world, the Gordon and Lillian Hardy Planned Giving Society honors those donors who have included our organization in their estate plans.

Martha Aarons

Evelyn R. David Sheryl and Michael DeGenring

Shirley and Barnett C. Helzberg, Jr.

Mona Look-Mazza and Tony Mazza

Noyes W. Rogers

Estate of Dr. John E. Amos Pamela Gross and Charles Anderson

Lee W. Dorsey

Casady M. Henry

Estate of Vera Sears

Mrs. Charles B. Edison

Juliane Heyman

Estate of Elaine and James McDade

Thomas H. Baer

Soledad and Robert Hurst

Joyce McGilvray

Montae and Richard Johnson

Lydia Morrongiello

Alicia and Alan Sirkin

Susan Beckerman

Audrey A. Sattler and Donald J. Fleisher

Dr. Eugene L. Brand

Alan Fletcher and Ron Schiller

Linda and Eugene Kalnitsky

Bert Neirick

Stephen Brint and Mark Brown

Jane and Bill Frazer

Estate of Jane Kessler

Estate of Heinz G. Neumann

Kay Bucksbaum

Rich Garvin

Estate of Bob Klineman

Ann and Bill Nitze

Helen and Phil Burnett

Mary E. Giese

Barbara Koval

Jean and Allen Parelman

Jon Busch

Barbara and Gary Goldstein

Estate of Christine H. Leister

Merbie and Tom Payne

Dr. Janet Claman

Estate of Loette Goodell

Dr. and Mrs. Harold Leventhal

Terry Lee and Bill Perich

NancyBell Coe and William Burke

Howard Gottlieb

Estate of Mary Crouch Lilly

Lt. Col. and Mrs. R. L. Pickard

Estate of Cynthia and Gerald Weinbrum

Christine Grad, M.D.

Phyllis and Saul Lowitt

Estate of Jean Pokress

Laura Werlin

NoĂŤl and Tom Congdon

Estate of Lillian and Gordon Hardy

Maryilynn and Charles Rivkin

Kay and Ken* Whiting

Annette and Lacy Boggess

E. Lee DeGolyer, III

DeeDee and Herb Glimcher

Kitty Boone

Kara Horner and Spencer Denison

Sandy and Bill Goodglick

Dorothy Fait and David Borenstein

Ina and Jan Dlouhy

Harriett and Bob Breihan

Betty and Lloyd Schermer Eric Simon Estate of Freda Gail Stern Norma and Don Stone Marcia Strickland Barb and Bob Sypult Michael Teschner Leslie and Joe Waters

Martie A. Moreno and Roger L. Johnson

Marilyn and Earl Latterman

Shael Johnson

Carole and Gary Lazar

Penny and Charles Donelan

Beth Anne Goodman, in honor of Susan Beckerman

Ann and Doug Jones

DeDe and Moses Lebovits

Mary E. Brian

Maria and Paul Dragoumis

Ann and Jim Goodman

Nancy Bryant and Chris Leverich

Linda and Bob Brining

Mrs. and Mr. Wm Drake

Nanette and Irving Greif, Jr.

Barbara Bluhm-Kaul and Donald Kaul

K. Dane and Carter S. Brooksher

Carrie and Ronald Drazin

Lois and Michael Haber

Eva Kaus, in memory of Peter Kaus

Wendy and Dale Brott

Nancy S. Dunlap

Meg and Phil Kendall

Jeri Loser

Roslyn Harkavy

Marian and Buzz Brown

Ellie and Stuart Fine

Brigid and Brian Hazen

Elizabeth Buccheri

Margot Fleck

Sue and Bob Hess

Sylvia Blau and Rabbi Samuel Kenner

Rika and David Charley Jill and Allen Chozen

Audrey A. Sattler and Donald J. Fleisher

Carol Hood Peterson and Brooke Peterson

Prof. Carolyn Fairbanks and Nick Kereakos

Sydney and Steven Cohen

David Frantz

Carol Ann Jacobson Kopf

Wini and Jack Colleran

Sally and Alan Gass

Trine Sorensen and Michael Jacobson

Jessica Krane

Anna Beth Culver

Alexandra George

Susan and Donald Jarzemsky

Tracy and Glen Larner

Judith and Robert Layton

Denison Levy Marilyn Lowey Julie and Robert MacLean Ginnie Maes Peggy and David Marks Kathy Mayer Colleen and Bill McAleer Deb and Bill McCanne Carol and Tom Meissner

John Menninger

Joyce Semple

Tina and Brian Weiner

Suzanne and Taber Meyers

Joseph W. Serene

Hans Widmer

Trudy Ann Milcan

Susan Sheridan

Karen and Shelby Wyll

Jean and Saul A. Mintz Family Foundation

Mary Ellen Sheridan

Kathleen Mitchell

Sally Shiekman-Miller

Dick Moebius

Hetta and Jesse Heath

Beth and Josh Mondry

Betty and Rob Shiels Fund of Communities Foundation of Texas, Inc.

Gayle B. Morgan and Jonathan Armytage

Pamela Shockley-Zalabak

Michael A. Vernon & Co. C.P.A., P.C.

Dr. and Mrs. William F. Short

Nassan Family

Robyn Samuels and Bruce Shragg

Patricia Neeb

Bobbi and Gary Siegel

$100 AND ABOVE INDIVIDUALS

Shelley Burke and Al Nemoff

Sandy Smith

Anonymous (3)

Ricki and Kerry Newman

Julie and Barry Smooke

Ann Abernethy

Lucy and Gary Nichols

Lorraine and Pat Spector

Deb and Keith Oates

Pat Spitzmiller

Sarah C. Brett Smith and Stephen L. Adler

John Starr

Anne Anderson

Tanai Starrs

Gabriel Andrade

Freda Gail Stern*

Blake Appleby

J. Stoerner

Carole and Paul Auvil

Barbara B. Supplee

Alain Azizi

Kathy Hansen and Edward Sweeney

David Baer

Paul S., John C., Katherine T., and John S.

Annie Baldo

Joseph Brazie

Judd Clarence

Kristin Balko

Cindy Brinks

Christy Clettenberg

Raifie Bass

Markell Brooks

Kim Coates

Dr. Cathrine Blom and Dr. Gordon Baym

Brigitte and Peter Bunevich

Chis Cohan

Gordon and Ron Butz

Karen Beard

Rebecca Callahan and Family

Daniel Becker

Nichole Campbell

John R. Cohn Philanthropic Fund of the Dallas Jewish Community Foundation

Barbara Berkman

Franci Candlin

Ashley and Michael Connolly

Karen and Alan Berkowtiz

Michele and Jim Cardamone

Sharon Cook

Richard Berkshire

Amy and Tom Carr

Gretchen Cooper

Jennifer Causing and Peter Waanders

Betsy P. Black

Paula and Matthew Carr

Emily and Rick Corleto

Leslie and Jack Blanton, Jr.

Mike Carr

Barbie and Tim Cottrell

Ruth and Bob Wade

Nancy and Evan Boenning

BJ and Jack Carter

Marjorie Crawford

Judith C. Schalit

Barbara Wagner

Rob Bordan

Jamie and Joe Chalal

Corey Crocker

Dr. and Mrs. Joel Schneider

Margaret F. Walker

Kathie and Howard Brand

Lynda and Ron Charfoos

Linda and Clay Crossland

Elyse Schostak

Angi Wang

Adrienne Brandes

Caroline Christensen

Sue Crowley

Baba and Tom Owen Peggy and Paul Pace Carol E. Paul and Glenn M. Earl Catherine and John Pearson Susan and Paul Penn Geraldine and Mark Pitts Deborah Prince Gloria and Joe Pryzant Steve Psaledakis Faith and David Rachofsky Ann and Gene Reiling Pearl and Stephen Renaker Patricia Richards Tania and Bob Roberts Noelle J. Rohde Sylvia Rosenberg David A. Roth Miranda Heller and Mark Salkind Mary Salton Joann and Richard Sanders

Donald Tapp, in memory of Erik Giese Shelly and Pete Thigpen Carla and Kelly Thompson Dale Toetz Marie Torreano Linda and Denis Trupkin Lynda Van Dyck Dr. Frank C. Marino Foundation, Inc.

BUSINESSES/FOUNDATIONS/ GOVERNMENT Independence Press, Inc. Land Title Guarantee Company

AMFS President and CEO Alan Fletcher was named the recipient of the Theodore L. Kesselman Award for Arts Education by the New York Youth Symphony and was honored at the symphony’s 55th annual benefit gala October 24 in New York. The award was established to recognize significant dedication by an individual or organization making outstanding contributions in nurturing young people in the arts. Past recipients include Leonard Slatkin, Alan Gilbert, Zarin Mehta, Marta Casals Istomin, Joseph W. Polisi, John Corigliano, and Midori.

LYNN GOLDSMITH

Paula and Herbert R. Molner

Bonnie and Terry Shetler

FLETCHER HONORED

BY NEW YORK YOUTH SYMPHONY

Jim Bain

ASPEN MUSIC FESTIVAL AND SCHOOL 2017 ANNUAL REPORT

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45

James R. Custer, M.D.

Terry Hale

Paula Damaso

Elise and Allan Hall

Emma Danciger

Linda and Thomas Headlee

Lisa Dancing-Light

Julia Herman

Bonnie and Mike Daniels

Anne W. Hetlage

Sandy Simpson and Don Davidson

Susan and Chuck Hiller

Russell Davis, in memory of Kenneth Gutner

Elizabeth Hirsch

Irene Davis

Liza Hogan

Sue and Richard de Campo

Jill Hollon

Cecilia and Don DeLise

Ellen and Les Holst

Amy Doherty Carol Dopkin

Shirley Holst, in memory of Jack Holst

Susan and James Dubin

Emery Holton

Andrea and Aaron Edelstein

Paul W. Husted

Jennifer Engel

Amy Rowe and Paul Jacob

Ruslan Faradzhov

Sandy and Peter Johnson

Patti and Joe Farago

Nancy and Walt Kaesler

Mary Kate Farrell

Sally Anne and Harold Kaiser

Zetta Feder

Karen and Michael Kaplan

Richard Finkelstein

Peter Kelley

Ed Foran

Chris and Gary Kelly

Mark Fordham

Stacey Kelly

Linda S. Fossier

Karen and Phil Kelton

Robin and Michael Fox

Soon Duck Kim and Kang Il Kim

Prof. Tom Franks

Krista Klees

Sandra Friedman

Roberta and Mel Klein

Dorothy Frommer

Kathryn and John Koch

Lauren Garrity

Carly Kraemer

Barbara Gilmore

Doris La Mar

Betsy Schwarm and Rick Glesner

Andrew Lan

Robert Goldstein

Marian and Leonard Lansburgh

Holly Goldstein

Michael Latousek

David V. Gollon

Joan and Jeffrey Lava

Sylvia and Marvin Gordon

Lynne and Dan Levinson

Robin Gorog

Mark Lewis

Marlene and Dennis Grant

Jennifer and Greg Long

Sue Anne Griffith

Anita and Scott Lupow

Sandy and Darryl Grosjean

Mikey and Marty Lustberg

Lori Guilander

Martha W. Madsen

Susie Hoeppli

Horn student Brianna Garcon practices on the Bucksbaum Campus.

Jocelyn S. Malkin, M.D.

Wanda Wray Putnam

Donna and Andy Smith

Phil Maniscalchi

Ewald Rainer

Dawnette Smith

Carolyn and Martin Manosevitz

Sue Lavin and Jack Real

Christopher Souki

James Marcus

Ellen and Milton Reitman

Sally Spindel

Joan and Michael Marek

Kay Richter and Stephen Buchmann

Paula and Bob Starodoj

Kelli Marshall

Karen and Don Ringsby

Diane and Stephen Stewart

Susan E. and William H. Mason

Dow Rippy

Bob, Marty, and Chelsea Stonerock

Nancy Wynne Mattison

Savannah Huebsch

Nancy Stover

Karen and Patrick McDonough

Thorn C. Roberts

Dr. and Mrs. Barry S. Strauch

Martha Mecom

Mr. and Mrs. E.B. Robinson, Jr.

Max Taam

Mrs. Harriet Mehl

Brittanie Rockhill

Dottie and Sandy Thomson

Linda and Jerome Meister

Ruth and Mel Ronick

Tommy Tollesson

Cynthia Milling

Joyce and Herb Rosenblum

Ruth and Warren Toltz

Monika Montalbano

Patti and Greg Rulon

Joshua Troderman

Tim Mooney

Suzanne Barber Ryan

Alicia Turbidy

Lydia Morrongiello

Barbara Sheib and Martin Saiman

Lisa Turchiarelli

Stephen D. Morton

Karen and Nathan Sandler

Paula and Bill Turner

Amy Mottier

Nina and Joshua Saslove

Reine Fedor and Doug Turner

Melanie Muss and Tracy Nichols

Marion A. Scharffenberger

Carrie Umbarger

Lyn and Doug Nehasil

Donald Schiff

Donna and John Vogt

Richard Y. Neiley, Jr.

Judith J. Schramm

Riley Warwick

Drs. Sarah and Harold Nelson

Catherine and Matthew Schulze

Jane Wasson

Tommy Nims

Debra and Gerald Schwartz

Scott Weber

Theresa O’Keefe

Jane Unger

Irene Weinrot

Ann Spaeth and Raymond Ollett

Reina and Alberto C. Serrano

Emily and Fred Weitz

Marilyn G. Palade

Christine Sexton

Candace and Ralph Whipple

Alice and Charles Parker

Earlene and Herb Seymour

Marj and Bill Wise

Judith Parkinson, in memory of Scott Parkinson

Layne Shae

Steve Wiseley

Nancy and Philip Shalen

Wendy Wogan

Ginny Passoth

Karlyn and Don Shapiro

Reinhard Wolter

Sandra and Fred Peirce

Carolyn and Dick Shohet

Melinda and John Wright

Forest O. Peneton

Jill Shore

Jay Wright

Terry Lee and Bill Perich

Ruth L. Shuman

Ruth Wright

Karen and Oliver Perin

Pat and Robert Silverman

Adrienne Zatorski

Sara M. Peterson Dr. Gary and Nancy Peterson

Jo Ann and Dr. Samuel C. Silverstein

Joanne Pittard

Mr. and Mrs. Richard W. Simpson, lll

Susan C. Plummer

Steven Slaff

Anne Powell-Riley

Stanley Sloss

Eli Lilly and Company Foundation

Kirk Prichard

Dr. and Mrs. Charles C. Smith III

* Denotes deceased

BUSINESSES/FOUNDATIONS/ GOVERNMENT Appraisal Office Aspen, Ltd.

A student rides his bike to an Aspen Festival Orchestra performance.

ASPEN MUSIC FESTIVAL AND SCHOOL 2017 ANNUAL REPORT

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47

FINANCIAL OVE RVIEW

In 2017 AMFS ended the year with a $100,000 operating surplus which the Board of Trustees transferred to the endowment. In addition to keeping a balanced operating budget for the year, AMFS continued its goal of increasing student quality and providing a superior student experience.

Rental and miscellaneous income 2%

REVENUE

STUDENT AID

Investment income 18%

AMFS continued its work to provide increasing amounts of tuition assistance to its students as detailed in the 2014 Long-Range Plan. In 2013, 40% of students were on a full fellowship and in 2017, 46% of students were on a full fellowship. The goal of the Long-Range Plan is to have 52% of students on full fellowship. In the same period, the average partial scholarship award increased from $2,800 to $3,900.

Student fees 27%

Ticket sales 9%

Development (operating) 41%

DEVELOPMENT AMFS raised $6.7M for the operating fund in 2017. These contributions—which included annual fund gifts, benefit income, and grants—funded both general operations and special projects. Special contributions were given to fund the Education and Outreach Program, artist residencies, student aid, and special concert programs. The Season Benefit, honoring Board Chair Bob Hurst, netted over $950,000 for annual operating purposes.

INVESTMENT INCOME In 2017 AMFS began the process of decreasing the rate of its operating draw on the endowment. Historically AMFS has drawn 5% of the previous 36-months average balance, net of fees. In 2017, AMFS drew 4.75% with a goal of continuing to decrease the rate to 4.5% in coming years. This increasingly conservative approach was recommended by AMFS’s Investment Committee in light of forecasted decreasing average returns in future years. The endowment fund increased from $64M to $72M from October 1, 2016 to September 30, 2017. The fund returned 14% for the fiscal year and averaged 7% for each of the past seven years.

Other earned income 4%

EXPENSES Ancillary programs 1%

Marketing

Management and general costs 15%

2%

Student assistance and other school costs 26%

Cost of sales-other earned income 4%

Summer staff compensation 8%

Administrative compensation

Faculty compensation 16%

24%

Guest artist compensation 4%

ASPEN MUSIC FESTIVAL AND SCHOOL 2017 ANNUAL REPORT

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49

ASPEN MUSIC FESTIVAL AND SCHOOL

STATEMENT OF REVENUE AND EXPENSES As of September 30, 2017

9.30.17

2017 Budget

Variance of Actual to Budget

2016 Actual

Student fees

$4,339,915

$4,281,950

$57,965

$4,167,743

Ticket sales

1,444,052

1,389,000

55,052

1,584,168

706,762

692,700

14,062

685,595

Development (operating)

6,683,822

6,707,430

(23,608)

6,761,599

Investment income

2,889,799

2,897,300

(7,501)

2,923,518

146,293

230,300

(84,007)

374,835

16,210,643

16,198,680

11,963

16,497,458

2,600,376

REVENUE

Other earned income

Rental and miscellaneous income TOTAL REVENUE EXPENSES Student assistance and other school costs: Student assistance

2,842,045

2,771,200

70,845

Other school costs

1,381,940

1,392,350

(10,410)

1,401,221

4,223,985

4,163,550

60,435

4,001,597

2,589,527

2,621,600

(32,073)

2,529,908

715,122

684,350

30,772

683,446

Administrative compensation

3,791,458

3,910,000

(118,542)

3,707,510

Summer staff compensation

TOTAL Faculty compensation Guest artist compensation

1,328,107

1,416,120

(88,013)

1,291,567

Cost of sales-other earned income

573,182

584,500

(11,318)

568,703

Marketing

363,007

375,100

(12,093)

470,441

212,375

148,850

63,525

901,022

2,374,970

2,299,610

75,360

2,263,485

16,171,733

16,203,680

(31,947)

16,417,679

38,910

(5,000)

43,910

79,779

(28,485)

Ancillary programs Management and general costs TOTAL EXPENSES NET FROM OPERATIONS Capital improvements - unfunded

(28,485)

0

Bucksbaum capital reserve

(50,000)

(50,000)

0

(50,000)

143,719

155,100

(11,381)

228,000

(104,144)

0

(104,144)

(257,779)

0

(100,000)

100,000

0

$0

$100

($100)

$0

Transfer of staff salaries to capital campaign and project budgets Transfer (to)/from endowment Cushion/contingency NET REVENUE

Soprano RenĂŠe Fleming, Honorary Trustee Joan Harris, and AMFS President and CEO Alan Fletcher reminisced at a reception honoring the completion of fundraising for the Harris Hall 20th Anniversary Fund; Ms. Fleming sang at the opening concert celebration of the Hall in 1993.

225 MUSIC SCHOOL ROAD ASPEN, CO 81611

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