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 Re: The Cleveland Orchestra musicians speak out!
Author: grifffinity 
Date:   2010-01-19 20:05

Quote:

cultivating alternative funding sources


I've worked in financial administration at two medium sized performance based non-profits in NYC. The majority of funding comes from individuals and foundations, many of which were negatively hurt by the dive in the stock market in 2008. State and federal grants are truly a drop in the bucket compared to the amount of money individuals and independent foundations give. The costs to run these organizations is astronomical at the administrative level alone, not to mention the actual artistic expenses that comes along with an orchestra. Executive Directors at the top end organizations make as much as a Concert Master.

Corporate sponsorship, at least the kind we define when watching sports, does not really exist. Many arts organizations are sponsored by banks, high end merchandise (Movado, Rolex, etc.), but all of these sources of advertising income were affected negatively by the down economy.

Many artists have no idea where the butter for their bread comes from, but it just doesn't fall from the sky. Rich people support the arts and any situation in which they lose value (falling real estate & stocks, ponzi schemes, high taxes, etc.) negatively affects all the arts. We have to be able to adjust accordingly.



Post Edited (2010-01-19 20:06)
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 The Cleveland Orchestra musicians speak out!  new
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 Re: The Cleveland Orchestra musicians speak out!  new
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 Re: The Cleveland Orchestra musicians speak out!  new
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 Re: The Cleveland Orchestra musicians speak out!  new
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 Re: The Cleveland Orchestra musicians speak out!  new
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