Loan Funds

by giarts-ts-admin

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.

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by Abigail

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

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by Steve
As funders we have three main challenges: first, getting a handle on the extent and impact of the recession; second, exerting leadership — being bold, positive, and opportunistic without being insensitive; and third — and most important — asking ourselves the same tough questions that we are asking grantees: how do we slip the vice-like grip of old mindsets and behaviors and adapt so we increase our relevance, resilience, and meaningful contributions to our community?
  — Foundation President
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by Steve

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.
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by giarts-ts-admin

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

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by giarts-ts-admin

2008, 23 pages. TCC Group, 31 West 27th Street, 4th Floor, New York, NY 10001, (212) 949-0990

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

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by giarts-ts-admin

Arts Loan Fund: The Northern California Grantmakers Arts Loan Fund (ALF) is conducting a survey of Bay Area arts organizations to determine the reasons for a marked reduction in applications to the Fund. Through the survey, ALF would like to learn: How often have organizations used the program in the past and why have they not applied for loans in the past twelve months? What is the current financial environment for arts nonprofits in the region? How do organizations see themselves evolving during the next several years? Do they encounter obstacles in applying for an ALF loan?

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