Jul 9, 2019

MATCHING GIFTS CHALLENGE CATAPULTS 2018/19 SEASON TO UNPRECEDENTED FINANCIAL SUCCESS

Manitoba Opera (MO) announced this evening at its 2018/19 Annual General Meeting (AGM), held at the McKim Building in Winnipeg, that the 2018/19 season, which ended May 31, 2019, was the company’s most financially successful season in its 46 years of operation, resulting in the elimination of a decades’ old accumulated debt.

The company posted an operating surplus of $86,312 on a budget of $2,585.965. An additional $374,755 was raised towards the elimination of the debt of $450,652, accumulated since the 1980s. MO’s accumulated debt had reached $654,000 by year end June 30, 2000.

The debt was retired by a matching gifts challenge issued by a donor who committed $150,000 to the campaign. In total, more than 190 individuals, corporations, foundations, and governments rose to the challenge with gifts from $5 to $150,000.