GIA Members Responses to Economic Downturn Survey
Submitted by admin on February 9, 2009
In late January GIA polled its 309 member organizations about their organization’s responses to the economic downturn. 117 (38%) members responded, which provides a healthy sample of the membership. Members reported their expected 2009 arts grantmaking would likely compare to 2008 as follows:
- 41% expected that 2009 would be the same as 2008.
- 13% expected that it would be reduced to 90% of 2008.
- 12% expected that it would be reduced to 80% of 2008.
- 11% expected that it would be reduced to 70% of 2008.
- 24% expected that it would be reduced to 60% of 2008 or less.
Members also reported other measures they are taking to assist grantees in the current economy that might be of interest to other funders… Read More.