A new initiative called the Arts Funders Forum, supported by the Knight Foundation and run by the strategic advisory firm M+D, launched in Miami Beach with the aim of identifying the current state of cultural philanthropy.
A survey of 500 art world professionals conducted by the Arts Funders Forum could help museums stay relevant to new patrons.
Charles Venable, the director of Newfields in Indiana, says that if museums live in a world of scarcity, it is, at least in part, their own doing. As Dennis Scholl, the collector and president of Oolite Arts in Florida points out, the more valuable the art, the higher the costs associated with its care.
Fred Bidwell, who is a trustee at the Cleveland Museum of Art, says donors are becoming more selective - and big museums will need to work harder to justify their costs. Read the Entire Article
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Charlottesville, Virginia resident and sole family breadwinner, Elizabeth James, have always dreamed of opening a tomato sauce manufacturing company. Elizabeth sought help through Kiva City Richmond, an initiative by Kiva.org and Capital One that makes crowdfunded loans available to entrepreneurs in the area who want to start or expand their business.