Despite New York City’s status as the dance capital of the United States, rising real estate prices are challenging the city’s ability to serve as a creative incubator, with space — an essential resource for making dance — in waning supply. Choreographers and dancers need to work in a large open area with a sprung floor, but as real estate values climb, long-standing dance studios are being bought by developers and converted into residential or commercial spaces.
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As funders we have three main challenges: first, getting a handle on the extent and impact of the recession; second, exerting leadership — being bold, positive, and opportunistic without being insensitive; and third — and most important — asking ourselves the same tough questions that we are asking grantees: how do we slip the vice-like grip of old mindsets and behaviors and adapt so we increase our relevance, resilience, and meaningful contributions to our community?
— Foundation President
— Foundation President
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:
- 41% expected that 2009 would be the same as 2008.
- 13% expected that it would be reduced to 90% of 2008.
- 12% expected that it would be reduced to 80% of 2008.
- 11% expected that it would be reduced to 70% of 2008.
How can funders apply what they know about changes in the external environment—in demographics, use of free time, use of disposable income—to best serve and stabilize theaters and other mid-sized arts groups?
Sue Coliton, Paul G. Allen Family Foundation (moderator); Nancy Fushan, Bush Foundation; Lawrence Thoo, San Jose Office of Cultural Affairs; Ben Cameron, Doris Duke Charitable Foundation (interlocutors).