Philanthropic practice

April 30, 2007 by giarts-ts-admin

The Prince Charitable Trusts were established fifty years ago by the Prince family. The foundation has grantmaking programs in three geographic locations: Chicago, Rhode Island, and Washington D.C. The Trusts' assets total $160 million with projected 1998 grant distribution of $7 million in the three locations.

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April 30, 2007 by giarts-ts-admin

"It takes thirty leaves to make the apple."
— Thich Nhat Hanh

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April 30, 2007 by giarts-ts-admin

The Metropolitan Denver Scientific and Cultural Facilities District (SCFD) is a new member of GIA. It is a six-county regional public funding agency, formed ten years ago this coming November. It was created at a time when much public funding was being challenged, if not actively cut back. The formation of the district and its continuing success have been models for a number of other communities.

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April 30, 2007 by giarts-ts-admin

Foundation grantmakers are investors. The endowment that sustains a grantmaking program demands the same concentrated, strategic thinking that developing a focus for a giving program entails. The challenge addressed in this essay is to bring together these two basic functions — investing and grantmaking. The context for doing so is socially responsible investing. My purpose is to take an expanded definition of socially responsible investing and see if it has a meaningful role to play in arts philanthropy.

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April 30, 2007 by giarts-ts-admin

The UNUM Foundation operates as a private foundation supporting organizations in the Greater Portland (Maine) area. The foundation has six target areas of interest: aging, disability, education, family issues, AIDS, and economic development and the arts. It is funded by the UNUM Corporation, the world leader in disability insurance and among the world's leading special risk insurers. The UNUM Foundation was established in 1969. The original corporate entity was the Union Mutual Life Insurance Company, founded 150 years ago this year. The company name became UNUM in 1986.

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April 30, 2007 by giarts-ts-admin

Typically when businesses decide to support the arts they do so through a grant-giving mechanism or through a program that places employees as volunteers and consultants in arts organizations. But, I've noticed a different kind of interaction between the profit-making and not-for-profit art worlds in recent years. Some business people have set up foundations dedicated to improving the ethical and cultural context in which their own professions practice.

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April 30, 2007 by giarts-ts-admin

The Council on Foundations' 1998 Family Foundation Conference was held February 22-25 in Los Angeles. For the first time in the recent history of this conference, family foundation trustees and executive staff lobbied and succeeded not only in including arts on the conference agenda, but in having an entire day devoted to elective arts sessions. Arts funding was one of five "spotlight sessions on critical issues." Mercy Pavelic, president of the Heathcote Art Foundation, participated on a panel on Arts Funding and the Future.

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April 30, 2007 by giarts-ts-admin

Lance T. Izumi is a senior fellow in California studies at the Pacific Research Institute for Public Policy. The following text is based on a transcript of Izumi's remarks at a symposium sponsored by the Western States Arts Federation (WESTAF). The topic of the two-day symposium was the support of visual artists. It was held in Seattle on December 4 and 5, 1997. The remarks are published here with permission of Izumi and WESTAF.

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April 30, 2007 by giarts-ts-admin

To Protect the Powerless in the Digital Age
An Open Letter to Foundations: To Protect the Interests of the Powerless in the Digital Age, Communications Researchers Need Your Support

The "open letter" has a number of signers.
August 12, 1998. 33 pages. The Civil Rights Forum on Communications Policy, 818 18th Street, N.W. Suite 810, Washington, D.C. 20006, 202-887-0301, forum[at]civilrightsforum.org.

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April 30, 2007 by giarts-ts-admin

Currently they hold almost $70 million in assets. With some luck and hard work, they hope in ten years to increase that amount ten-fold to over $750 million. They can be found east and west, north and south. They are modest and ambitious. They are large and they are small. And, most importantly, they are changing and challenging the very nature of public funding of the arts nationwide.

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