Mid-Texas Symphony Endowments
The Mid-Texas Symphony has four specific endowment funds: the General Endowment Fund, the Windecker Legacy Fund, the Young Artist Competition Fund, and most recently the David Mairs Endowment Fund. All of the Symphony’s endowment funds are professionally managed, with oversight from a committee of the Board. The Symphony’s investment policies are conservative, as are draws from the endowment.
David Mairs Endowment Fund
Established in 2015-2016 the endowment honors and celebrates David Mairs' 20th anniversary as the man behind the baton. The fund's purpose is to support the quality of the orchestra whether it be used for additional musicians as indicated by a composer or to add musical depth to a composition as called for by the Maestro.
General Endowment Fund
In the 2009-2010 season, the Board of Directors voted to convert a portion of the Symphony’s operating reserves to a General Endowment Fund to help ensure the long-term financial stability of the Symphony.
Windecker Legacy Fund
While celebrating its 30th aanniversary season in 2007-2008, Mid-Texas Symphony established the Windecker Legacy Fund in honor of founder, Anita Windecker. The Windecker Legacy Fund provides MTS with a fund to support musical education, especially for youth, in the communities served by the symphony.
Young Artist Competition Fund
As its name implies, this fund is designated to help support the Young Artist Competition, held each year. A competition open to music majors with a tie to Texas, the YAC offers three prize categories. 3rd receives $500; 2nd receives $750; first place receives $1000 and a contract to perform as the featured artist with MTS.