Bloomberg Philanthropies is investing $43 million in over 200 small and midsize arts organizations in seven cities, according to The New York Times. The supported cities include Atlanta, Austin, Baltimore, Denver, New Orleans, Pittsburgh, and Washington.
“By invitation only, selected organizations are being offered unrestricted support — roughly 10 percent of their annual operating budgets — in addition to arts-management training. That includes a consulting mentor for each organization and a series of seminars for all grantees in a given city on topics such as fund-raising, strategic planning, marketing and board development.”
The funding is provided through a cohort model. Grant recipients in particular cities connect with one another during the training process. According to the NY Times, “Each institution is asked to match 20 percent of the dollar amount it is given — a chance to put into practice some of the fund-raising tools offered through the program.”
Read the full article here.
Published: May 10, 2018