SAN ANTONIO - The San Antonio symphony is seeing one of their most successful years and things are about to get a lot better.
A local entrepreneur announced that he'll be giving a significant donation to the symphony.
The amount of the donation is undecided at this point, but it'll happen on a yearly basis for the next three years.
Rackspace co-founder Graham Weston said the donation is meant to enhance the culture and quality of life here in San Antonio, and that the symphony is an important part of the city's economy an community.
Back in 2003, the symphony filed for bankruptcy, but has been able to maintain themselves in the years following that. The donation will ensure their success for many years to come.
"As we grow and expand, it costs more to run the symphony," said Denny Ware, board chairman of the San Antonio Symphony. "We're trying to provide an outstanding musical platform for the community. This kind of donation helps make that happen."
Only 38 percent of the symphony's operating budget comes from ticket sales, so they rely heavily on donations.
Although the exact amount of this donation is undetermined, an announcement will be made sometime in the near future.
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