Private Foundation

The following article is based on excerpts from a program examination by Arts Action Research.

Bimbo Rivas: Artist Profile

May 29, 1998, 116 pages, Theater By The Blind (TBTB), 306 West 18th Street, New York, New York 10011, 212-243-4337, ashiotis[at]panix.com

William L. McKnight, for many years president and chairman of the board of the 3M Company, and his wife, Maude L. McKnight, founded The McKnight Foundation in 1953. The Foundation's assets totaled $1.5 billion in 1996 and its grantmaking in that year totaled $68.3 million. The Foundation has no affiliation with the 3M Company.

Is it possible for money to be a conduit for love? The word philanthropy carries the meaning "love of humanity." Modern philanthropy brings together two seemingly irreconcilable concepts: love and money. But if we read through all the annual reports of all the foundations for the last ten years, I'd wager we would be hard-pressed to find the word "love" mentioned more than ten times.

Copies of the report may be obtained from the Alliance of Artists' Communities, 210 SE 50th Avenue, Portland, Oregon 97215

The Alliance of Artists' Communities released American Creativity at Risk: Restoring Creativity as a Priority in Public Policy, Cultural Philanthropy, and Education. The report documents a symposium held in November, 1996 and attended by artists, educators, administrators, critics, and grantmakers.

1996, 142 pages, National Endowment for the Arts, Seven Locks Press, Santa Ana, California, 800-354-5348

The Prince Charitable Trusts were established fifty years ago by the Prince family. The foundation has grantmaking programs in three geographic locations: Chicago, Rhode Island, and Washington D.C. The Trusts' assets total $160 million with projected 1998 grant distribution of $7 million in the three locations.

Entrepreneurship is a concept that receives considerably favorable attention in the nonprofit press. Whether referring to mission-related income ventures, non-traditional partnerships, or a redefinition of organizational culture, the word "entrepreneur" has an undeniably positive, even buoyant, connotation in today's nonprofit parlance.

The book was published by Americans for the Arts' Institute for Community Development and the Arts. Copies may be ordered from the organization at 100 Vermont Avenue N.W., 12th floor, Washington, D.C. 20005.

October 1996, 30 pages, The Aspen Institute, Nonprofit Sector Research Fund, 1333 New Hampshire Avenue, NW, Suite 1070, Washington, D.C. 20036, 202-736-5800.