In a groundbreaking development, the New York Philharmonic has received an exceptional donation of $40 million from Oscar L. Tang, who serves as the orchestra's co-Chairman, and Dr. H. M. Agnes Hsu-Tang, a renowned archaeologist and art historian. This generous contribution stands as the largest of its kind ever bestowed upon the orchestra and will establish a named position for incoming Music and Artistic Director Gustavo Dudamel.

This substantial gift serves as a vote of confidence in the orchestra's future vision, including ambitious projects like the reopening of David Geffen Hall. Moreover, it aligns with a new era for the orchestra, ushered in by Dudamel's appointment.

Gustavo Dudamel will assume the role of Music Director Designate for the New York Philharmonic in 2025, with his tenure as Music Director commencing at the start of the 2026/27 season.

Gary Ginstling, President and CEO of the New York Philharmonic, expressed, "Oscar and Agnes are forward-thinking leaders who are setting a new benchmark for supporting the arts and enriching the cultural landscape of New York City. Their extraordinary donation will enable the NY Philharmonic and Gustavo Dudamel to redefine the role of a 21st-century orchestra and ensure that the Philharmonic continues to create music that resonates with future generations."

He further added, "All of us at the New York Philharmonic are inspired by their unwavering belief in our aspirations."

Oscar and Agnes Hsu-Tang conveyed their vision, stating, "We hope this donation will inspire others to join us in transforming the New York Philharmonic, restoring it to the level of historical significance and popularity it enjoyed during its Golden Age under the leadership of Maestro Leonard Bernstein when we first arrived in New York."

"This gift reflects our confidence in the future of New York and the visionary leadership of the New York Philharmonic, embodied by Maestro Gustavo Dudamel and Gary Ginstling, the dynamic new President and CEO of the institution. We believe their leadership, building upon the progress made over the past six years, will usher the New York Philharmonic into a new Golden Age, establishing it as a contemporary paragon of universality and excellence through expanded outreach and inclusive practices across all facets of the institution."