An e-bulletin of the national
Business Committee for the Arts (BCA), a division of Americans for the Arts,
to demonstrate the value of business-arts partnerships across the United States.
FACTS & FIGURES
Target Giving to Remain Steady
Despite laying off 1,000 employees and planned store closures,
Target will continue giving five percent of pre-tax profits to
charity. In 2008, Target gave $169 million in grants and in-kind
services nationally. For more information: www.startribune.com.
Nonprofits Worried About Executive Pay Limits
Nonprofits that depend upon Wall Street executives and others in
the financial services industry for donations are concerned about the impact
of executive pay limits on donations. Detroit, already hurt by cuts in donations
from the auto industry, must also contend with cuts in senior executives pay
at GM. For more information: www.wsj.com.
Nominations Close March 6 for THE BCA TEN
If you know a company that has made exceptional investments in
the arts, nominate it for THE BCA TEN: Best Companies Supporting the Arts in America. Nominations
close March 6, 2009. For
more information and to nominate a company, visit www.AmericansForTheArts.org/go/BCA10.
McDonald's Sponsors New
York Fashion Week
To promote its line of lattes, cappuccinos, and hot chocolate,
McDonald's sponsored a McCafe lounge in the tents of Mercedes-Benz Fashion
Week in New York
where fashion week attendees were able to get free coffee
beverages. McDonald's signed up for one year but might extend its
sponsorship. For more information: www.crainsnewyork.com.
Armani Teams Up with the Fund for Public Schools
To celebrate the opening of the new store Armani/5th Avenue, Armani provided a
significant grant to the Fund for Public Schools to create the Armani Arts
Institute. The institute will provide arts programs in underserved New York City public
schools. For information: www.fashionandrunway.com.
Altria Donates Art to Whitney
Altria, which moved its headquarters to Richmond,
VA, from New York City in 2008, donated 150 art
works from its collection to the Whitney Museum of American Art. From
1983–2008, the Whitney had a branch location in Altria's headquarters
in New York City.
The two organizations have had a partnership since 1967 which included an
acquisition fund and special exhibition sponsorship. For information: www.nytimes.com.
SPEAKING FROM EXPERIENCE
"Northwestern Mutual is fortunate to be headquartered in a
city with a thriving arts community. The arts encourage creativity, expand
understanding of the world around us, and stimulate the economy. Our
employees and our Foundation are proud to work together as champions of the
-Edward J. Zore, President and CEO,