Capitalization
Grantmakers in the Arts defines capitalization as “the accumulation of the resources an organization needs to fulfill its mission over time,” specifically with regard to financial health. In response to the observation that it has been the norm for the nonprofit arts sector to be poorly capitalized, an issue which disproportionately affects ALAANA organizations, GIA embarked on the National Capitalization Project (NCP) in 2010. Since its launch, GIA has provided resources, conferences sessions, publications, and workshops on nonprofit capitalization. GIA’s Conversations on Capitalization and Community are specialized workshops, held separately for funders and nonprofit grantees, focusing on what each group can do to support the financial health of nonprofit arts and culture organizations. These workshops are available upon request.
This is the fifth session of a series of presentations held in 2021 by art.coop as a "study into-action cohort."
This session took place on Friday, October 1.
Read More...This is the fourth session of a series of presentations held in 2021 by art.coop as a "study into-action cohort."
Read More...This is the third session of a series of presentations held in 2021 by art.coop as a "study into-action cohort."
Read More...This is the second session of a series of presentations held in 2021 by art.coop as a "study into-action cohort."
Read More...This is the first session of a series of presentations held in 2021 by art.coop as a "study into-action cohort."
Read More..."With 2021 designated the United Nations International Year of Creative Economy for Sustainable Development, there can be no better time for museum leaders to follow the example set by their university and foundation peers by aligning capital with values and mission. Inaction risks reputation, as well as financial return," wrote recently Laura Callanan, founding partner of Upstart Co-Lab.
Read More...March 2021, 121 pages. Grantmakers in the Arts, 522 Courtlandt Avenue, 1st Floor, Bronx, NY 10451. (929) 452-3740. https://art.coop/.
Read More...To better support Black artists and cultural communities, arts philanthropy should increase its focus on stability and resilience in creative practice. Covid has fully revealed its long-standing fragility, leaving 63% of all artists unemployed and 66% unable to access the infrastructure necessary for their work.1
Read More...Over the course of decades of working with nonprofits, particularly arts- and community-based organizations, we’ve seen an unfortunate pattern emerge. With the regularity of waves, many nonprofits move in and out of cycles of fiscal instability. The factors are familiar and well-known: drops in earned revenue for various reasons, often out of leaders’ control; shifts in the priorities of donors; turmoil in staffing and leadership; and restrictions placed on funds.
Read More...In a recent piece, Adam Fong, Program Officer in Performing Arts at the William and Flora Hewlett Foundation, reflects on a cluster of "adaptation grants" Hewlett put in place to help ensure Bay Area arts organizations "have sufficient resources to adapt to challenges both arising from and exacerbated by the pandemic."
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