In 2004, the performance hall in Belgrade was completely rebuilt and modernized to facilitate the new needs of the orchestra. The hall has a total of 201 seats. Most of the concerts, by tradition, take place in the Ilija M. Kolarac Endowment's Hall, while the "Central Hall" is used for special events. The Belgrade Philharmonic Foundation was set up in 2004 to improve the financial situation within the orchestra through sponsorship and cooperation. The foundation was successful and the whole orchestra renewed their instruments in 2005.