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.
The Recovery Phase will be aimed at grant funding to counter the long term impact of COVID-19.
The fund will award a total of $8.5 million in grants to organizations managing funds explicitly devoted to providing COVID-19 relief to communities of color, low-income populations, and others being disproportionately impacted by the crisis.
New funding supports operating expenses and promotes racial equity at 22 local organizations responding to increased demands and organizational stressors of the COVID-19 pandemic.
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.