NASAA members believe that broad and deep participation in the arts is best supported at the federal level by a combination of direct grant making and grant making through states. The specific allocation of $20 million to state arts agencies … Continue reading
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The economic meltdown has had a huge impact on philanthropic organizations: The Council on Foundations, an association of more than 2,100 grantmaking foundations and corporations, estimates that foundation endowment assets have shed some $200 billion in value so far. What … Continue reading
The economic stimulus package Congress passed last month includes $50 million in emergency funding for the National Endowment for the Arts—money some legislators didn’t think belonged in the bill. Doubters and supporters both, though, should find food for thought in … Continue reading
In the Great Depression, everyone went to the movies, and Hollywood thrived. In this recession, everyone’s going to the movies, but instead we’ve got layoffs and depressed stock prices. This time, Hollywood won’t benefit much. Read more.
Barack and Michelle Obama and their daughters spent the evening of Feb. 6 in the presidential box at the Kennedy Center for the Performing Arts in Washington, applauding the Alvin Ailey American Dance Theater. Evidently it was the first family’s … Continue reading
Tough times can often be a springboard for creativity; when no one’s job is safe, no one’s house is secure and no one knows exactly what to do about it, artists get to work. Read more.
Last week, President Barack Obama released his administration’s fiscal 2010 budget outline. The budget is an ambitious agenda that tackles health care reform and the economy while underscoring President Obama’s pledge to remain fiscally responsible. Read more.
Delaware Valley Grantmakers’ recently completed survey of its members provides insight into how the nationwide economic crisis will impact the regional giving in the coming year. For our 2009 Philanthropic Outlook Survey, 50 DVG members representing a range of funder … Continue reading
Some $318 billion over the next decade is expected to come from capping the value of itemized deductions—including those for charitable contributions—for the wealthy. The change could squeeze a large source of money for U.S. nonprofit organizations. Individual contributions are … Continue reading
Sure enough, the ink hardly dried on the American Recovery and Reinvestment Act of 2009 before the predictable chorus of complaints could be heard regarding the inclusion therein of $50 million worth of support for the National Endowment for the … Continue reading