Grantmakers in the Arts defines capitalization as “the accumulation of the resources an organization needs to fulfill its mission over time,” specifically regarding financial health. Capital is money saved in order to respond to challenges and opportunities. Capital is different from revenue (which is immediately spent), and from assets like endowments or facilities (which are not available as liquid cash that can pay expenses). It has been the norm for the nonprofit arts sector to be poorly capitalized, an issue which disproportionately affects organizations of color. In response, 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 Capitalization and Nonprofit Financial Health Workshops 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. GIA has also updated the workshop to reflect the financial impacts of the pandemic and to reflect a racial equity lens. These workshops are available either in-person or online by contacting

October 27, 2010 by giarts-ts-admin
Order is not sufficient. What is required, is something much more complex. It is order entering upon novelty; so that the massiveness of order does not degenerate into mere repetition.
  — Alfred North Whitehead, Process and Reality

There is nothing more difficult to take in hand, more perilous to conduct, than to take a lead in the introduction of a new order of things, because the innovation has for enemies all those who have done well under the old conditions and lukewarm defenders in those who may do well under the new.

October 5, 2010 by giarts-ts-admin

New for 2015: Two Workshops for the Price of One! Grantmakers in the Arts offers Conversations on Capitalization and Community, a new design to the successful full-day funder workshop that was offered in 14 cities between 2012 and 2014. Responding to feedback from members, the day is now two workshops - one for funders and one for their grantees.

April 14, 2010 by giarts-ts-admin

8 pages, 2010. Nonprofit Finance Fund, 70 West 36th Street, 11th Floor, New York, NY 10018. (212) 868-6710,


   The Four Horsemen of the Nonprofit Financial Apocalypse (808 Kb)

March 11, 1996 by giarts-ts-admin

As the Twentieth Century approaches a finale, the arts in America exist in a vast array of styles, disciplines and organizational structures. The purpose here is to examine one major organizational component of the American arts scene, the nonprofit sector, as an organic system that has progressed through three distinct stages over the past century.

October 30, 1995 by giarts-ts-admin
Following are excerpts from an interview with John Kreidler (San Francisco Foundation) conducted by Kathleen Cerveny (Cleveland Foundation and CIA board). The paper that Kreidler discusses in the interview provides a background for his "Flight Simulator," a computer program designed to demonstrate the arts ecosystem. The "Simulator" will be available for hands-on experimentation at the upcoming GIA conference.