Overview

• The New York Philharmonic received a $40 million donation from Oscar Tang and Agnes Hsu-Tang, the largest gift in its history.
• The donation will fund the music director chair starting in 2025 when Gustavo Dudamel takes over as music director.
• The gift will allow the Philharmonic to expand its programs and reimagine itself for the 21st century.
• The Philharmonic has seen a revival recently, stabilizing finances and completing renovations.
• Tang and Hsu-Tang are prominent arts philanthropists who have donated to the Met Museum and supported racial justice.