Shin Yu Pai
Shin Yu Pai
Artist Distrust Open Letter, a group of artists, including three of the five AIA panelists, published an open letter capturing their experiences with the funder as being “inequitable, opaque, and unresponsive to community needs” with “long-held practices that have unjustly impacted Black, Indigenous, and otherwise racialized peoples.” Image courtesy of Artist Distrust.
Many foundations are considering adding impact investing as a tool to complement their grantmaking activities. This article explains the practice generally and as it applies to funders working in the arts and culture sector. We will begin by introducing the terminology and motivation for impact investing, then provide an overview of the options, and conclude with examples from four foundations that have made impact investments in arts and culture.