
Beyond Price: Value in Culture, Economics, and the Arts; Edited by Michael Hutter and David Throsby; Cambridge University Press, 2007, 324 pages
— Lewis Hyde
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Beyond Price: Value in Culture, Economics, and the Arts; Edited by Michael Hutter and David Throsby; Cambridge University Press, 2007, 324 pages
The current economic climate has forced many nonprofit arts organizations to confront underlying issues. Tensions mount, dollars are scarce, and unresolved weaknesses or fissures often grow. We have seen heartening examples of artists, donors, audiences, and funders rallying to support the art and organizations that they love. In some cases, streamlined, more focused organizations are forging ahead with renewed determination. But in other cases, the economic downturn may herald the time to close the doors.
In late January GIA polled its 309 member organizations about their organization's responses to the economic downturn. 117 (38%) members responded, which provides a healthy sample of the membership.
Members reported their expected 2009 arts grantmaking would likely compare to 2008 as follows:
Introduction
Many of the feature articles in this issue offer tools for responding to GIA Executive Director Janet Brown's call to speak up, to not sit silently in the back but to stand up and illustrate or make the case for why arts and culture matters.
As arts funders, we often perceive our capacity to direct financial resources to worthy arts organizations as the most valuable tool at our disposal. That's probably correct and, indeed, as it should be. After all, most of our institutions have been established by donors for the core purpose of grantmaking, and the law mandates that we award grants for public benefit.