The Nonprofiteer

If the Kresge Foundation isn’t giving matching grants for brand-new arts buildings anymore–and it’s not–the arts-building bubble is over as surely as the housing and financial-industry bubbles.  Granting funds instead for renovation and repair means the new Kresge posture will benefit the arts groups that got while the getting was good (or, perhaps, have some other basis for grantworthiness, e.g. re-purposing of an historic building).  But arts groups which have been thinking about building from scratch are now stuck contemplating Max Bialystock’s mantra: “He who hesitates is poor!”

Tags: arts groups, Arts Organizations, charity, donors, foundations, Fundraising, grantmaking, grants, nonprofit, Nonprofit management, nonprofits, not for profit, philanthropy, Private Philanthropy, Real Estate, recession, Relations with funders, theater

This entry was posted on April 22, 2010 at 11:32 am and is filed under Arts Organizations, Finances, Fundraising, Nonprofit management, Nonprofits--General, Private Philanthropy, Real Estate, Relations with funders. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.