"Dudamel Era Ignites with $40 Million Gift to New York Philharmonic"

The New York Philharmonic has received a groundbreaking $40 million donation from financier Oscar L. Tang and his wife, Agnes Hsu‐Tang, the largest endowment gift in the orchestra's history. The donation will be used to endow the Philharmonic's music and artistic director chair starting in the 2025-26 season when Gustavo Dudamel becomes music director designate. The gift is seen as a significant boost for the Philharmonic, which has recently stabilized its finances and undergone a major renovation of its concert hall. Tang and Hsu-Tang expressed their confidence in the Philharmonic's new leadership and their desire to support music education and social change initiatives.