Philadelphia Music School Gets $55M Gift from Board Chair

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PHILADELPHIA (AP) — A tuition-free music conservatory in Philadelphia is receiving $55 million over five years from the school's board chairwoman, who plans to step down at the end of this month.
The Philadelphia Inquirer reports (http://bit.ly/1TGwIPt) Nina Baroness von Maltzahn is donating the money to the Curtis Institute of Music.
The money will be put into the conservatory's endowment as the school prepares to launch a fundraising campaign with the hope of bringing in several hundred million dollars by the school's centenary in 2024.
The money will also help support Curtis' touring activities.
Maltzahn on Wednesday said she believes in the school and wants it to succeed.
Curtis president Roberto Díaz calls the gift "a stamp of approval" for what the school is doing and its plans for the future.