Capitalization and Nonprofit Financial Health Workshop for Grantmakers in New York City

The Howard Gilman Foundation is presenting this Capitalization and Nonprofit Financial Health Workshop for Grantmakers in New York City on Monday March 25, 2024 from 9:30am-12:30pm ET at Deutsche Bank Americas Foundation, One Columbus Circle.

Register Here

In these unprecedented times, as we face new and long-standing challenges, how do funders ensure cultural organizations thrive? How do funders assess the financial health of their applicants and grantees in order to support each responsively? How can funders assess and respond to organizations’ financial health through the lens of racial equity? 

"Financial capitalization has been a core part of the Howard Gilman Foundation's grantmaking since 2014," said Laura Aden, Gilman's President & CEO. "Now, as the arts ecosystem is adjusting to a changing landscape, the time is right to revisit these principles of nonprofit financial health with our peer funders and collaborators." 

Defining capitalization as “the financial resources an organization needs to fulfill its mission over time,” GIA embarked on the National Capitalization Project (NCP) to seek answers to the nonprofit field's being under-capitalized. Capitalization and Nonprofit Financial Health Workshops have been held in dozens of cities engaging cultural funders in a dialogue about the financial health of nonprofit art groups in their community and how funders might better support capitalization principles for their grantees. GIA has worked with cultural strategist and facilitator Sage Crump and arts finance consultant Rebecca Thomas & Associates to update the workshop to reflect the financial impacts of the pandemic and to do so through a racial equity lens. 

The goals for the Capitalization and Nonprofit Financial Health Workshops are to:

  1. Elevate knowledge of capitalization for nonprofits and their funders
  2. Elevate the racialized impacts of under-capitalization and how to respond
  3. Provide shared vocabulary that granters and grantees use to inform and transform grantmaking and nonprofit financial practices
  4. Provide insights into having effective dialogues between funders and grantees
  5. Facilitate discussion with funders and nonprofits about their community’s capital drivers, their institutional values and practices, and the ways that each entity fits into the arts eco-system
  6. Create a greater sense of complementary practice and camaraderie for a stronger, healthier arts and culture ecosystem.

Attendees

Funder Session (3 hours) Arts funders, large and small, private and public, that are invested in the wellbeing of the nonprofit arts sector.

The Howard Gilman Foundation is offering this opportunity to compliment a series of workshops for NYC-based nonprofit cultural organizations so that organizations and grantmakers are all speaking the same language regarding capitalization and nonprofit financial health.

Instructors/Facilitators

Nationally recognized arts finance consultant, Rebecca Thomas of Rebecca Thomas & Associates (formerly with Nonprofit Finance Fund) and senior staff from Grantmakers in the Arts will lead the sessions.

Contact

For more information on format, timing and costs for future workshops, please contact workshops@giarts.org.