Private Foundation

I am honored to have this opportunity to interview Gary Steuer, president and CEO of the Bonfils-Stanton Foundation. Gary is a respected colleague, a member of Grantmakers in the Arts’ board of directors, and co-chair of the GIA Denver Conference Planning Committee for the upcoming annual conference. I am pleased to note that Bonfils-Stanton has been embracing equity in their support of Denver’s nonprofit community, including its arts organizations.

Having worked with panels since my first job in philanthropy at the National Endowment for the Arts, thirty years ago, I am always interested in learning more about how to make the panel system better. Discussions about process, scoring systems, panel adjudication methods, conflict of interest, panel recruitment, multistep review processes, criteria, and more are infinitely fascinating to me and at the heart of improving our own work at the Jerome Foundation.

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   Arts Funding at Twenty-Five (318Kb)

Introduction

The easy convenience of typing a few key words into a search box and promptly being immersed in data can make one forget that this capability has existed for a remarkably short period of time. Just twenty-five years ago — a point in time well within the recollection of most members of the arts and culture sector — Stanley N. Katz, then president of the American Council of Learned Societies, observed, “the serious study of arts philanthropy is less than a generation old, and we are just beginning the sorts of data collection and analysis…we need to make sound judgments about the field.”¹

Two years ago, I had breakfast with a colleague — very nice guy who has helped build the social, or “impact,” investing sector. I shared my ideas about how to connect impact investing with the arts.

To him, investing in the arts meant buying a Picasso or a Van Gogh, collecting art objects. He agreed there was a market for fine art. But impact investing in the arts? He was dead against it.

As a new administration enters our nation’s White House, it is timely to reflect on the way that private philanthropy and public foundations joined forces to step into the gap when federal funding for the arts was dramatically reduced in the early 1990s.

In the wake of the worst global economic recession in living memory, the creative industries sector has emerged as a powerful engine for economic growth and social, environmental, and cultural sustainability. With growing concern over the staggering amounts of funding now being directed toward social impact initiatives globally and the effectiveness of those investments, perhaps the time has come for gatekeepers to consider adding the creative industries to the short list of investment-worthy target sectors.

As part of an upcoming Thought Leader Forum titled Every School, Every Child, I was asked by Janet Brown, CEO of Grantmakers in the Arts, to spend some time with their newly released report Foundation Funding for Arts Education: An Update on Foundation Trends by Steven Lawrence, director of research, and Reina Mukai, research manager, both from the Foundation Center.

The annual GIA conference brings us, in our respective roles as foundation founder-trustee and staff, inspiration for the work of the year ahead, highlights new developments and trends in the arts and funding, challenges conventional thinking, and provides opportunities to exchange ideas with our peers. It is a true highlight of the year for our work as arts funders, and we think it could be for other trustees as well.

March 2015, 44 pages. The Kresge Foundation, 3215 W. Big Beaver Road, Troy, Michigan 48084, (248) 643-9630, http://kresge.org

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