In an article in the latest issue of the GIA Reader, “How to Invest in the Arts without Buying a Picasso,” Laura Callanan of Upstart Co-Lab writes about the emergence of impact investing and how it can support the creative economy.
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In an op-ed in Nashville Arts Magazine, Jennifer Cole, executive director of Metro Nashville Arts Commission, addresses questions and debunks some of the myths about federal arts funding such as: “The arts are only for ‘certain people’ and others shouldn’t subsidize programs for the wealthy.” “If artists can’t make it as a business, why should … Continue reading Op-ed: Jennifer Cole on Why We Need the NEA
The Center for Effective Philanthropy (CEP) conducted a survey of foundation leaders about how they are reacting to the new administration, and the degree to which they are making changes as a result. Based on survey responses from 162 CEOs of US independent and community foundations making at least $5 million in grants annually, CEP has … Continue reading Survey: Foundations Respond to a New Political Context
From The Washington Post: The new federal spending bill would spare — and even slightly increase — funding for three arts-related agencies that President Donald Trump has proposed eliminating: the Corporation for Public Broadcasting, the National Endowment for the Arts and National Endowment for the Humanities.The agreement announced Monday calls for the CPB’s budget to … Continue reading Federal Budget Agreement for FY 2017 Would Slightly Increase Funding for NEA, NEH
From The Washington Post:
The agreement announced Monday calls for the CPB’s budget to remain the same, at $445 million. Spending for fiscal 2017 would go up for the NEA and NEH, each from $148 million to $150 million.
In a letter to friends and colleagues, Executive Director Rose Ann Cleveland of The Morris & Gwendolyn Cafritz Foundation announced that she will retire at the end of October. Cleveland also served as chair of the Grantmakers in the Arts board of directors from 2013 through 2014.
It is hard to leave a job that I love and all my colleagues here in the office and in the wider social sector community. Yet, while I still have energy and some wits about me, I hope to be able to spend more time pursuing my own writing and other projects."
For the month of May, GIA’s photo banner features work supported by The George Gund Foundation. The private foundation was established in 1952 by George Gund to provide intelligent underwriting of creative solutions to the issues and for the institutions that were important to him. Areas of focus include the arts, economic development and community revitalization, education, environment, and human services.
A recent article in The New York Times highlights the impact of National Endowment for the Arts funding in South Dakota, “a largely rural, politically red state”: South Dakota, which has fewer than a million people, received the fifth-highest amount of federal arts money per person in the nation last year, and the endowment’s generally … Continue reading In Rural, Conservative South Dakota, NEA Funding Is Crucial to Arts Community
Grantmakers in the Arts heard from members that they are looking to learn from each other and from GIA about strategies to address the changing political climate and its effects on the arts community. To that end, GIA has created Arts Funders Respond: Engaging the Political Climate, a new website with regular updates on actions and statements funders are making across the country, as well as news updates and resources for advocacy. Learn how arts funders are taking action with program and policy changes. Read statements, op-eds, and blog posts by foundation leaders and others in the field. Get updates on the latest news and articles on issues that impact the arts community. And discover resources to support advocacy efforts for public and private funders.
A new survey by Exponent Philanthropy shows the vast majority of its members (82%) expect the institution of philanthropy to play a more important role in society as a result of recent changes in Washington, DC. Issued in late March to Exponent Philanthropy’s members – foundations with few or no staff, philanthropic families, and individual donors – the informal “Pulse Check” survey looked at how changes today in politics may impact philanthropic behavior in the year ahead, both in terms of giving practices and investments.