NY Phil Composer-in-Residence Endowment

NEW YORK PHILHARMONIC ANNOUNCES $10 MILLION GIFT FROM HENRY R. KRAVIS TO ENDOW THE MARIE-JOSÉE KRAVIS COMPOSER-IN-RESIDENCE POSITION AND THE CREATION OF THE MARIE-JOSÉE KRAVIS PRIZE FOR NEW MUSIC AT THE NEW YORK PHILHARMONIC

The New York Philharmonic will receive a $10 million gift from Henry R. Kravis in honor of his wife, Marie-Josée Kravis, to endow its new Composer-in-Residence position, a major initiative of Alan Gilbert’s tenure as Music Director, which begins this month. The Finnish composer Magnus Lindberg will be the first to hold the position of The Marie-Josée Kravis Composer-in-Residence at the New York Philharmonic, a two-year post that begins on September 16, 2009, with the world premiere of Mr. Lindberg’s EXPO — the opening work on Alan Gilbert’s inaugural Opening Night Concert as the Orchestra’s Music Director.

The Kravis gift will also fund the creation of The Marie-Josée Kravis Prize for New Music at the New York Philharmonic, to be awarded to a composer for extraordinary artistic endeavor in the field of new music. The Kravis Prize will consist of an award of $250,000, among the largest of any prize for new music, and a commission from the New York Philharmonic. The grant will be bestowed every two years, beginning with the 2011–12 season. Additional attributes of the award will be announced at a later date.

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