Webinar: Design & Construct: Changing Business Models
May 18, 2011 at 3:00 p.m. EDT
The current nonprofit model is going through major changes due in part to the fluctuating economy and the new ways the arts are delivering their product. Martin Cohen of the Cultural Planning Group will lead speakers in a discussion on emerging business models like low-profit limited liability companies (L3c), fiscal sponsorships, and contracts for services. Christine Harris of the Creative Alliance Milwaukee Inc. and Jim Kelly of 4Culture will be discussing their hybrid organizations and why they changed their models. We will also explore how the arts are looking for new ways to make a difference in community revitalization, attracting new audiences, and generating sponsorships from private businesses. To register, http://eo2.commpartners.com.
Looking Ahead to the Future of Nonprofit Models
ARTSblog is bringing together a progressive group of thinkers to further the discussion on changes in the nonprofit model. Throughout the week of May 16, you will be able to join in the conversation on this trending topic during the Private Sector Initiatives Blog Salon. ARTSblog will focus on examples of changes in the nonprofit model and the reasons dictating the changes. Get the inside scoop from leaders like Janet Brown of Grantmakers in the Arts, Colin Tweedy of ABCUK, Adam Huttler of Fractured Atlas, and Paul Miller of Circus Mojo. Visit ARTSblog on May 16–May 20 to be a part of this conversation.
The BCA 10
Giving Back Locally
First Tennessee, a BCA 10 2008 winner, recently announced that the First Tennessee Foundation is awarding $200,000 to local arts organizations in Memphis. Half of the funding goes to the 14 groups that won in the annual First Tennessee Foundation Innovation in the Arts Awards. The remaining $100,000 goes to ArtsMemphis to help fund local arts groups. For more information, www.commercialappeal.com.
Facts & Figures
Feelings on Corporate Sponsorship
LaPlaca Cohen’s 2011 Culture Track report found that almost 40 percent of respondents were likely to purchase goods or services from corporations that support the arts, up from 31 percent in the 2007 report. The report also found that audiences have become more receptive to a corporate sponsor’s messaging with 53 percent of respondents saying they are receptive, compared to 32 percent in 2007. For more information, www.laplacacohen.com.
Foundation Giving Stayed Steady in 2010
According to "Foundation Growth and Giving Estimates" released by the Foundation Center, corporate foundation giving remained virtually unchanged from 2009 to 2010, coming in at $4.7 billion for the year. Overall foundation giving in 2010 stayed at $45.7 billion, unchanged from 2009. The survey findings suggest that 2011 overall foundation giving will grow between 2–4 percent. For more information, http://foundationcenter.org.
Arts & Culture in Community Development
There has been heavy discussion around the role of arts in community development lately. Director of Private Sector Initiatives Emily Peck discusses how businesses leaders are working with the arts and arts organizations to bolster growth in their communities and why more and more businesses are moving toward deeper involvement with the arts. To read more, http://bclc.chamberpost.com.
Vans Highlights Arts Education
The Vans Custom Culture program, a national contest in its second year, calls on students to design their own Vans sneaker collection while also giving them the opportunity to win $50,000 toward their high school art program. The winning school’s sneaker collection will be available for sale in 2012. Due to decreased arts education funding, Vans created Custom Culture to inspire kids to enact change in their own communities. For more information, http://online.wsj.com.
The Arts as a Tool for Business Inspiration and Strengthened Economies
After being asked the top 10 reasons to support the arts, Americans for the Arts Vice President of Research and Policy Randy Cohen created a compelling case for business support to the arts. Read more to see how arts affect local communities, the future workforce, academia, business innovation, and the economy. Read more at ARTSblog. While you're there, don't miss a recent piece from The New York Times’ small business blog where the idea of graffiti in the workplace is used as a source of business inspiration and heightened employee morale. Read more at ARTSblog.
Private Sector Network News
ArtsWave Reaches Campaign Goal
The 2011 Annual Community Campaign chaired by Edgar L. Smith, Jr., Chairman & CEO of World Pac Paper, LLC and member of the BCA Executive Board, has reached successful completion for ArtsWave. Through general and special support, targeted gifts, campaign donors contributed $11 million in support of arts in Cincinnati and across the region. For information, www.theartswave.org.
Increase in Minnesota United Arts Fund Support
The United Arts Fund administered by COMPAS has exceeded its annual campaign goal while also surpassing last year’s final numbers by 2 percent. The campaign welcomed four new workplace partners and renewed engagement in several campaign sites. For more information, www.compas.org.
Speaking from Experience
"Believing in the impact of the arts, Capital Bank’s support transcends any one discipline to nurture a broad spectrum of visual and performing arts. From local artists to our renowned symphony, our employees, customers, and community residents have been enriched by the inspiration the artists we support provide." —Grant Yarber, President and CEO, Capital Bank and BCA 10 Winner