A new article in Nonprofit Quarterly details changes to the accounting standards for nonprofits as recommended by the Financial Accounting Standards Board (FASB). The new standards are "meant to help nonprofits to tell their story more transparently through their financials" and will take effect for fiscal years beginning after December 15, 2017. Key changes include "the simplification of the classification of net assets, the tracking of liquidity, and changes in the presentation of expenses."
SMU’s National Center for Arts Research (NCAR) has released its most comprehensive report to date on national fundraising trends in the arts and cultural sector, the latest in the Center’s series of evidence-based insights on the health of the industry. It is based on 2014 data provided by over 4,200 organizations across 11 arts disciplines, with trends for a subset of over 2,700 organizations over the four-year period 2011-2014.
A recent article from Createquity identifies and discusses four different visions for cultural equity:
The further we delved into the literature around cultural equity, and the more we consulted experts and connected with some of the activists who precede us, the more we came to realize that shared understanding simply doesn’t exist. . . . But in our own conversations, we found it helpful to divide the visions for success we were reading and hearing from advocates into four archetypes: Diversity, Prosperity, Redistribution, and Self-Determination.
A new blog post from the Johnson Scholarship Foundations highlights the work of four Native American women in nonprofits and philanthropy who are driving change in their communities. Lori Pourier, executive director of First People’s Fund, is recognized as “a leader in the field – not just for Native arts and culture – but arts and culture period. She is the go-to person for the ‘creative economy’ in Indian Country."
The Los Angeles County Arts Commission has released a new literature review on Public Engagement in the Arts. The report explores different ways in which “public engagement” can be defined and practiced, the purposes public engagement has been used for in the arts, and how the terms “audience” and “participant” have evolved and blurred over time. It also places public engagement in the context of one of the most urgent conversations taking place in arts and culture today, that of cultural equity and inclusion.
By Tom Teicholz, writing for Forbes:
The Los Angeles City College Foundation announced a $10.1 million gift from The Herb Alpert Foundation, creating an endowment that will provide tuition free attendance at Los Angeles City College to all music majors. This is the largest gift ever for a Southern California Community College.