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Lag in Corporate, Foundation Funding Hurting Arts Groups

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Thursday, March 4, 2021








Lag in Company, Basis Funding Hurting Arts Teams







Posted




By Jon W. Sparks



on Thu, Mar 4, 2021 at 2:39 PM



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Native arts organizations are taking a look at a 25 % lower in 2021 earnings in comparison with pre-pandemic figures.

The information comes from ArtsMemphis on the humanities teams it funds. It says that contributions from people elevated in 2020 and that pattern is constant in 2021, however a lower in company and basis giving is decreasing earned income for 2020-21 over 2019.


“Our arts organizations have made strategic shifts in operations and applications so as to proceed harnessing an viewers and offering artists a platform to create,” stated Elizabeth Rouse, president and CEO of ArtsMemphis. “Hope and anticipation for a way of restoration are brimming, however this restoration interval requires main help. We’ll want group help to return to the financial powerhouse place the nonprofit arts sector was for the county previous to the pandemic.”


Arts organizations have reported an 80 % discount within the variety of artists employed in 2020 versus 2019, leading to 8,570 arts jobs misplaced. Layoffs or furloughs had been reported by 53 % of arts organizations, impacting 560 positions, or 44 % of the humanities sector workforce.


Hattiloo Theatre’s Ekundayo Bandele, chatting with a gaggle of ArtsMemphis donors just lately, stated, “As we proceed to change our strategic plan, we’re placing our earned income in a separate column. We’re not relying on it, nevertheless, we’re setting ourselves up for the lengthy haul so we might stay a robust cultural useful resource for our group and one that’s on the tip of the spear for the Black theater community.”




ArtsMemphis distributed $2.8 million in fiscal 12 months 2020 to 137 particular person artists and 71 organizations. It additionally hosted greater than 30 convenings of the humanities sector, and offered grantees with help in CARES funding alternatives. It’s going to award its newest spherical of working help grants this quarter.


Tags: ArtsMemphis, Ekundayo Bandele, Hattiloo Theatre, Memphis, Image

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