Funding Research

Edited by Warren F. Ilchman, Stanley N. Katz, and Edward L. Queen II 1998, 382 pages, Indiana University Press. Bloomington, Indiana

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

The Vermont Arts Council's second annual arts conference took place on June 16 and 17 in Montpelier, Vermont. This year's conference, titled "On the Street Where You Live, the Arts as a Community Resource," brought together over 100 artists, arts administrators, nonprofit board members and state government officials to talk about how best to engage the arts in the ongoing challenges Vermont communities face in the areas of sprawl, crime, education, at-risk youth, the environment, preservation, and transportation.

Foundation grantmakers are investors. The endowment that sustains a grantmaking program demands the same concentrated, strategic thinking that developing a focus for a giving program entails. The challenge addressed in this essay is to bring together these two basic functions — investing and grantmaking. The context for doing so is socially responsible investing. My purpose is to take an expanded definition of socially responsible investing and see if it has a meaningful role to play in arts philanthropy.

Grantmakers interested in school-based arts education will be interested in two recent reports.

Gaining the Arts Advantage
Lessons from School Districts that Value Arts Education
Laura Longley, editor/writer
1999, President's Committee on the Arts and the Humanities, 1100 Pennsylvania Avenue, NW, Suite 526, Washington, DC 20506, 202-682-5409.

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.

The UNUM Foundation operates as a private foundation supporting organizations in the Greater Portland (Maine) area. The foundation has six target areas of interest: aging, disability, education, family issues, AIDS, and economic development and the arts. It is funded by the UNUM Corporation, the world leader in disability insurance and among the world's leading special risk insurers. The UNUM Foundation was established in 1969. The original corporate entity was the Union Mutual Life Insurance Company, founded 150 years ago this year. The company name became UNUM in 1986.

Currently they hold almost $70 million in assets. With some luck and hard work, they hope in ten years to increase that amount ten-fold to over $750 million. They can be found east and west, north and south. They are modest and ambitious. They are large and they are small. And, most importantly, they are changing and challenging the very nature of public funding of the arts nationwide.

1999. 48 pages. National Center for Family Philanthropy, 1220 19th Street NW, Suite 804, Washington D.C., 20036, 202-293-3424.

1997, 20-25 pages in each of three papers, Lila Wallace Readers' Digest Fund, Two Park Avenue, 23rd Floor, New York, New York 10016, 212-251-9800.