GIA Blog

The majority of New York City’s cultural institutions are slashing their budgets in the face of a weak economy and government funding cuts, a new survey finds. Nearly 80% of the nonprofit groups, which range from big name museums to … Continue reading →

“The pipeline from corporate America to the nation’s charities is starting to dry up, as losses in the stock market mount and the U.S. recession deepens. With many large organizations depending on corporate largesse, their futures are suddenly uncertain.” (11/25/08) … Continue reading →

“These days support of cultural institutions is on the rise and enthusiasm for arts programs is at a high. Americans for the Arts, a non-profit organization that works to advance the arts in the United States, estimates that Americans spend … Continue reading →

“One obvious opportunity for leverage during the economic downturn will be for philanthrocapitalists to bring about mergers and acquisitions in the nonprofit sector, which currently has far too many organizations doing essentially the same thing. When raising money was easy, … Continue reading →

“We calculate that philanthropy has lost well over $200 billion in its endowment value in the United States,” Gunderson said. “What we’re looking at is how to best create the environment to grow philanthropy.” Still, despite the seemingly cavernous vault … Continue reading →

No matter your political persuasion, your age, background or place of residence, your professional role or disciplinary affiliation, if you work in the nonprofit cultural sector, Barack Obama’s presidential campaign holds lessons for you. The campaign marks a watershed in … Continue reading →

“We plan to honor grant commitments made in 2008 and previous years, and we also plan to increase the percentage of our endowment that will be paid out in grants in 2009. However, it is likely that the Foundation won’t … Continue reading →

“The Impact Fund is designed to respond to immediate needs for safety net services and programs for our most vulnerable community members. Food security, domestic violence support, housing, childcare, and foster youth assistance are the top priorities during this crisis.” … Continue reading →

“JPMorgan Chase & Co. announced that it intends to match in 2009 Washington Mutual’s 2008 level of corporate philanthropy in Washington state, which was $2.6 million.” Read more.

After several years of increases, giving by Minnesota foundations and corporate grantmakers is expected to decline in 2009, a new report from the Minnesota Council on Foundations finds. Based on a survey of grantmakers representing 70 percent of the grant … Continue reading →