Fundraising in the Arts – Gathering Money to Support the Arts

Fundraising in the arts a constant process of soliciting and gathering contributions make to the organization. Money largely from companies helps sustain art organizations and artists.

The financial crisis and failure of Lehman Brothers had a negative impact on fundraising for the arts. Several big banks and brokerage houses cut back on funding for the arts as the business deteriorated as CD rates,  interest rates, mortgage rates current and the economy fell. The Fed is making matters worse by keeping interest rates, CD rates, savings account rates and mortgage rates low by having the Fed Funds rate at zero percent. The best CD rates ratesorama.com/cd-rates aren’t that high right now.

Gathering funds by requesting donations from individuals, businesses, charitable foundations, or governmental agencies can help sustain the arts.

Although fundraising refers to efforts to gather money for non-profit organizations, it is sometimes also used to identify investors or other sources of capital for for-profit enterprises. Usually fundraising consists of asking for donations, holding auctions and using mailings.

EArtAttack Estuary Art Attack
Art Attack 2nd Friday Tomorrow 6-10pm Alameda and Oakland galleries

EArtAttack Estuary Art Attack
Something to do on 1st Friday: “You Are Here”  Gala Opening September 4th, 7-9 PM at Frank Bette Center 1601 Paru Street

EArtAttack Estuary Art Attack
Bay Area printmaker John Sheridan curates a group exhibition of intriguing digital prints by 15 Bay Area artists September 10

EArtAttack Estuary Art Attack
Estuary Art Attack is on Twitter – check us out 2ndFri of the month