Facing severe shortfalls, cultural groups across the country are looking for ways to streamline operations and establish new sources of revenue.
The orchestra has won accolades for its artistry under the music director Yannick Nézet-Séguin, who also serves in that role at the Metropolitan Opera, but it has long struggled financially.
The arrangement will allow the Kimmel Center, which is almost entirely dependent on ticket sales, the added support of the orchestra’s $266 million endowment.
The Kimmel Center, which depends heavily on touring artists, Broadway shows and appearances by authors and public intellectuals, canceled more than 1,100 events and lost more than $42 million in ticket revenue.
The orchestra has balanced its budget in recent years as it has worked to recover from a financial crisis that drove it into bankruptcy in 2011.
The pandemic has led many arts organizations to reconsider questions of structure and management, and some have come to see benefits in joining together during a time of uncertainty.