ArtsGreensboro Arts Fund Campaign Raises $860,000
Greensboro, N.C., July 17, 2018 – ArtsGreensboro ’s FY2018 (July 1, 2017-June 30, 2018) Arts Fund Campaign raised contributions and pledges totaling $860,000, which provide funds for grants and other critical activities that support the arts in our community. While this is less than the Campaign’s $1million dollar goal, it includes an increase in contributions from individual donors over the prior year.
Donations from Individuals Increased, while Corporate and Foundation Donations Declined
“We are grateful to live in a generous community where so many people appreciate the role the arts play in education, economic development and connecting our community,” said ArtsGreensboro Campaign Chairs Jill and Thomas White. “Funds from this year’s campaign will support the entire arts landscape: a diverse and vibrant group of arts organizations, projects, and artists– from organizations like GreenHill Center for NC Art and the Eastern Music Festival, to direct support for local visual artists and musicians and special arts funding for school teachers.”
For the most part, corporations and foundations were stalwart in their support as they have been since the Arts Fund started in 1968. Unfortunately, the shortfall is based on a few significant donors who reduced their traditional gifts. This shortfall further amplifies the need for ArtsGreensboro to reset its grant cycle as previously announced, so that, in the future, the amount granted is based on amounts actually raised through the first half of its fiscal year and projections for the balance of the year.
Despite the Campaign shortfall, ArtsGreensboro will pay in full the fourth and final payment of grants for the just-completed fiscal year. Although payment of the grants for the fourth quarter puts ArtsGreensboro in a difficult financial position given the shortfall in fundraising, the organization is hopeful that strong public support in the new fiscal year and the resetting of the grant cycle will be significant steps to improve the financial picture in the future. Payment of the grants also reinforces the renewed sense of cooperation in Greensboro’s arts community that is essential to building and maintaining strong arts organizations in Greensboro.
As it has been for more than 50 years, ArtsGreensboro is an arts council and catalyst for connecting the community and building recognition and support for the arts. Through its annual community-wide Campaign for the Arts, it supports more than 50 arts organizations, projects, artists and schools annually. In addition, ArtsGreensboro hosts events and manages facilities – from the North Carolina Folk Festival and Sternberger Artists Center (Summit Avenue), to the collaborative 17DAYS Arts Festival, and the innovative Van Dyke Performance Space. Through all these activities, ArtsGreensboro drives the health and vitality of our community by supporting arts education, celebrating the diversity of Greensboro, and driving economic impact through excellence in arts programming. artsgreensboro.org