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  New York Phil gets $10Million for composers  CT News at 12:04 on 15 September 2009

The New York Philharmonic announced today it will receive a $10 million gift from Henry R. Kravis to endow its new composer-in-residence position. Finnish composer Magnus Lindberg will hold the position first.

The Kravis gift will also fund a $250,000 prize for new music, one of the largest awards of its kind. The grant will be given every two years, beginning with the 2011-12 season.

The announcement came as incoming Music Director Alan Gilbert starts his first week at the NY Phil.