Art collector, philanthropist, and software entrepreneur Peter Norton, inventor of Norton Utilities, established his family foundation with his wife Eileen Norton in 1989. Based in Santa Monica, California, the Foundation has an endowment of approximately $33 million; its giving last year was close to $4.5 million. The primary focus of the Foundation is on contemporary visual arts nationwide.
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The Allen Foundation for the Arts is one of six foundations that make up the Paul G. Allen Foundations, a family of foundations established by Microsoft co-founder and philanthropist Paul G. Allen. The other Allen foundations focus on medical research, health and human services, forest protection, virtual education, and most recently, music.
The Rhode Island Foundation, founded in 1916, is one of the oldest and largest community foundations in the United States. It is also one of a small number of statewide community foundations. In 2000, the Foundation's assets exceeded $400 million. RIF's grantmaking areas are children & families, economic/community development, education, and arts. The arts grantmaking area has several program foci.
Meetings are big business. Or, in other words, talk is not cheap. An economic impact study by Deloitte & Touche LLP demonstrated that conventions, expositions, and meetings generated $82 billion in total direct spending in 1994, supporting 1.57 million jobs.1 Meetings of associations and membership organizations, as opposed to corporate-sponsored events, account for the lion's share of this spending (68 percent). Many of these associations serve the arts and culture.
At the Fund for Folk Culture (FFC), we have been working with Laurel Jones and Morrie Warshawski of the Bay Consulting Group (BCG) to survey the range of private support for the folk and traditional arts and investigate opportunities for increased private support in this cultural sector.
At the annual GIA conference last fall, a group of twenty or so participants gathered together for a roundtable session devoted to funding individual immigrant and traditional artists. Organized by staff or board members of the Bush Foundation and the Flintridge Foundation, the roundtable session provided one of the first opportunities for foundation program officers engaged in this type of support to share information and to identify common concerns and strategies to meet them. And, indeed, common concerns and themes did emerge in the discussion.
When we initiated an artist award program at The Durfee Foundation a few years ago, we decided to use financial need as one of several criteria for support. Durfee is a relatively small family foundation, and the trustees feel strongly that the foundation's modest resources should be applied where they will make the most difference. This is true across the board at the foundation, not only in the arts, but in our other programs as well.
This paper was originally given at the 1987 Conference on Private Philanthropy and the Social Good. It was brought to our attention by a GIA member, and is reprinted here with permission from Cambridge University Press and the estate of Michael Hooker. © 1987 Social Philosophy and Policy Foundation.
A growing chorus of complaint has emerged about foundation giving in recent years. According to critics, foundations do not distribute enough in grant payments to justify their privileged position. On average, foundations pay out about 5.5 percent of their total assets each year and many critics believe that is just not enough.