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A Landmark Gift from Oscar L. Tang and Agnes Hsu-Tang

Posted September 12, 2023

We want this gift to galvanize others to join in the transformation of the New York Philharmonic to return to the level of historical prominence and popularity it enjoyed when I first came to New York — the Golden Age under the baton of Maestro Leonard Bernstein.” So said NY Phil Co-Chairman Oscar L. Tang on the historic $40 million gift he and his wife, Agnes Hsu-Tang, have made to the Orchestra, the details of which were announced earlier today.

The landmark gift — the largest-ever single contribution to the NY Phil’s endowment — will expand the Orchestra’s programming and further its efforts to engage more closely with New York’s diverse communities and the entire music world. It will also formally establish The Oscar L. Tang and H.M. Agnes Hsu-Tang Music and Artistic Director Chair beginning in 2025, when Gustavo Dudamel becomes the NY Phil’s Music Director Designate before beginning his role as Music and Artistic Director in the 2026–27 season.

President and CEO Gary Ginstling praised the couple, saying “Their extraordinary gift will help the NY Phil and Gustavo Dudamel reimagine what a 21st-century orchestra can be and ensure that the Philharmonic’s music-making will serve future generations.” Peter W. May, who serves alongside Mr. Tang as Co-Chairman, added: “Oscar and Agnes are exemplary New Yorkers, inspiring philanthropists, and the NY Phil is privileged to have their support and confidence as we approach the Gustavo Dudamel era.”

Oscar Tang underscored the couple’s belief in the future of the Orchestra with Dudamel and Ginstling at the helm: “We believe their leadership, building on progress achieved in the past six years, will take the New York Philharmonic into a new Golden Age and make this institution a contemporary ideal of universality and excellence through broadened outreach and inclusive practice in every aspect of the institution.”

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