Endowments

“American philanthropies, museums and universities have accepted millions of dollars from tycoons aligned with Russian President Vladimir Putin, including several who are the targets of Western sanctions, according to an analysis by anti-corruption researchers,” reported Peter Whoriskey in The Washington Post.

The Andrew W. Mellon Foundation awarded a $3.5 million grant to Northwestern University's Center for the Scientific Studies in the Arts, a collaborative partnership with the Art Institute of Chicago to investigate and conserve art. The center has worked to uncover hidden details in paintings by Pablo Picasso, Paul Gauguin, Georgia O’Keeffe, and László Moholy-Nagy.

The quest for support for the arts is continuous. We search for ways to seed or increase the flow of dollars, looking for more philanthropic capacity from every purse. It is never as bounteous as the need.

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.

May 2010, 49 pages. Center for Strategic Philanthropy and Civil Society, Sanford School of Public Policy, Duke University, Box 90524, Durham, NC, 27708, 919-613-7432 www.sanford.duke.edu

2009, 58 pages (12-page special supplement: Impact of the Market Decline). Association of Small Foundations, 1720 N Street NW, Washington, DC, 20036, 202-580-6560, www.smallfoundations.org

Download the PDF.

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.

Introduction

2005, 11 pages. TCC Group, 31 West 27th Street, 4th Floor, New York, NY 10001, (212) 949-0990

http://www.tccgrp.com/pdfs/per_brief_impact.pdf