From the Philanthropy News Digest:
[Fourty] percent of the total income in 2014 of the sixty-five member orchestras in the study, or some $520 million, was classified as earned income, with three-quarters of that from performance and related activities; 43 percent, or $569 million, from contributed income; and 17 percent, or $229 million, from investment income. ... The study also found that the league’s member orchestras managed to contain growth in expenses during the recession, and that the share reporting deficits in unrestricted net assets fell from 40 percent in 2010 to 18 percent in 2014.
President-elect Donald Trump has selected Betsy DeVos as his nominee for Secretary of Education.
“DeVos, 58, chairs the American Federation for Children, an advocacy group that has aggressively pushed to expand charter schools and school voucher programs that provide families with public money to spend on private school tuition,” according to Politico.
The governor of Kentucky recently announced the restructuring of the Kentucky Arts Council in order to “focus on ensuring that Kentucky artisans have the skills and knowledge to develop and successfully sell their products.” As reported by WFPL, Louisville’s NPR news station, the council’s restructuring has sparked conversation and concern about the relationship between intrinsic and economic value of the arts.
A recent article in Crain’s Chicago Business highlights the work of Enrich Chicago, “a coalition of 14 nonprofits and seven foundations whose goal is racial equity, in terms of management, funding, and artist support, for Chicago-area ALAANA nonprofits by 2050.” The coalition was founded in 2014 by Angelique Power, GIA board member and president of The Field Foundation of Illinois, and Brett Batterson, former executive director of Auditorium Theatre of Roosevelt University.
As the Seattle Office of Arts & Culture releases its Racial Equity Statement, Director Randy Engstrom writes on how the arts can lead the way to cross-sector, community-wide change: