Corporate Philanthropy

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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.

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.

Grantmakers in the Arts began work on capitalization in 2010. Ever since then we’ve debated not using the word “capitalization,” but it has prevailed. In our work, the term is synonymous with financial health and the resources needed to meet an organization’s mission. In 2010, GIA published recommendations for grantmakers regarding actions they could take that would improve the undercapitalized nature of the nonprofit arts sector.

January 2013, 36 pages. Evelyn & Walter Haas, Jr. Fund, 114 Sansome Street, Suite 600, San Francisco, California, 94104. (415) 856-1400 http://www.haasjr.org/

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   Public and Private Cultural Exchange-Based Diplomacy (2.2 Kb)

Jerry Yoshitomi, Meaning Matters LLC

This original work of theater, commissioned by Grantmakers in the Arts for the 58th Council on Foundations Conference, was presented at conference plenary sessions, Monday, April 30 and Tuesday, May 1, 2007. Directed by KJ Sanchez and written by KJ Sanchez, Emily Ackerman, Aysan Çelik, Darrick Clayton, Michael Place, and Amy Kim Waschke.

20 pages, March 2012. Grantmakers for Effective Organizations, 1725 DeSales Street NW, Suite 404, Washington, DC, 20036, (202) 898-1840, www.geofunders.org.

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   Is Grantmaking Getting Smarter? (2Mb)