A recent article in The New York Times discusses how family foundations are navigating generational changes and younger family members take on roles alongside, and sometimes in place of, founding family members:
Grantmakers in the Arts
July 17, 2017 by Monica
GIA's latest update on the National Endowment for the Arts and other threatened federal agencies comes from our federal policy firm, Penn Hill Group (Washington, DC). A recent post on Arts Funders Respond has the latest information on subcommittee budget recommendations for the federal departments and programs related to education and the arts:
July 17, 2017 by Monica
The Kenneth Rainin Foundation announced the appointment of Ted Russell as associate director of arts strategy and ventures. Russell joins the foundation with high-level arts management expertise developed through years working as an artist and arts marketing executive as well as a grantmaker. Russell’s experience includes a decade serving as the senior program officer for the arts program at the James Irvine Foundation. He has served on the board of directors of Grantmakers in the Arts since 2016.
July 11, 2017 by Monica in Arts Education
An article in The Denver Post cites data from a report by Fidelity Charitable pointing to the fact that “women of all ages and stages of life are more generous than their male counterparts”:
The data reported by this study indicate significant changes and opportunities in philanthropy –now and in the long term. As women continue to acquire more education, career opportunities, leadership positions and wealth (both earned and inherited), their desire and capacity to play a meaningful role in philanthropy will grow proportionately.
July 11, 2017 by Steve in Racial Equity
In the latest issue of the GIA Reader, artist-in-residence Dylan Klempner reflects on the power of the arts to support medical patients and their loved ones in times of crisis. Read “Of Birds and Butterflies: On the Convergence of Arts and Health Care.”
July 11, 2017 by Monica in Racial Equity
In a three-part series of articles, Helicon Collaborative has released the key findings of its study on cultural equity issues in philanthropy:
July 7, 2017 by Monica in Support for Individual Artists
The National Assembly of State Arts Agencies has released the State Arts Agency Legislative Appropriations Preview, Fiscal Year 2018. This document summarizes how state arts agencies fared during this year's budget deliberations and includes information on the appropriations each state arts agency expects to receive for FY2018, which began July 1, 2017. View the document.
July 6, 2017 by Monica in Capitalization
An article in the Stanford Social Innovation Review discusses how grantmaking policies affect the financial stability of nonprofits, as researched by Michael Etzel, a partner at Bridgespan, a nonprofit consultancy, and Hilary Pennington, a vice president at the Ford Foundation. The duo developed a grantmaking pyramid which "reframes how funders and grantees think about building organizations," emphasizing the need for "foundational" support at the base of the pyramid. This strategy is now being utilized by the Ford Foundation to examine their grantmaking portfolio.