An Open Letter to Arts Funders: Create a Pooled Loan Fund
Creating a pooled fund of flexible capital could help resuscitate our arts ecosystem and build a more sustainable future for the arts and cultural sector post-COVID-19.
Creating a pooled fund of flexible capital could help resuscitate our arts ecosystem and build a more sustainable future for the arts and cultural sector post-COVID-19.
Following the launch of the Black Community Leaders Fund on May 13th, we asked Philadelphia Foundation's Phil Fitzgerald, Executive Director for Grantmaking to give us some insights about how and why the fund was created and what the foundation hopes to achieve through this initiative.
42 new grants support individual artists and assist arts sector in emerging from the effects of COVID-19 through technology and facilities upgrades, diversity initiatives, new business models.
The Alliance for Health Equity awarded $2,500 unrestricted grants to 30 community grant partners to be used by staff to support their mental health and wellness.
A new report from the Urban Affairs Coalition reveals that Black-led nonprofits continue to struggle connecting with regional funders despite “racial reckoning.”
$1 million will go to the Free Library of Philadelphia Foundation to undertake a comprehensive strategic planning and community engagement process and $850,000 will go to Drexel University to expand access to the Atwater Kent Collection.