Music TORONTO prides itself on being a fiscally responsible organization, funded by earned revenue, donations and government grants. Facing a large accumulated deficit in 1992, Music TORONTO made a decision to pay down that deficit through annual operating surpluses – a plan suitable to a small organization. We had 19 years with an operating surplus, and never added a single dollar of new debt. A bequest from a former subscriber encouraged us to pay off the debt in full at June 30, 2011. We also took part in the Ontario Arts Foundation Endowment Fund programme and raised the maximum allowed. The programme allowed Music TORONTO to retain funds raised for operating purposes, and provides an annual interest payment. We survived the pandemic by producing digital concerts on our website, and preserved a small surplus that to date has paid for staffing, administration and marketing. Music TORONTO continues to receive essential grant support from the Toronto Arts Council, the Ontario Arts Council, and Canadian Heritage. We appreciate the support of many individual donors, foundations and individual and corporate sponsors; that support is essential to our present life and future growth.