For Arts Professionals in the Know
Barry Hessenius's Barry's Blog recently featured "year-end" predictions for the arts sector for 2008 from a number of participants in the "Hessenius Group" which he hosts on his blog. I thought I would share my contribution to his list. To read all the contributions, visit Barry's Blog.
Happy New Year!Read More
A new study, Portraits of Donors, conducted by The Center on Philanthropy at Indiana University was recently released by Bank of America, looked at the philanthropic patterns of high net worth households. This report is based on data already gathered and issued in an initial report that examined giving by the wealthiest 3.1 percent of households. This new study explicitly looks at giving by the wealthiest Americans those that have a net worth of more than $1 million and annual income of more than $200,000. Eighty percent of the sample had a net worth of more than $2 million, and the group of responders was clustered into 12 archetypes:
While space won't allow describing the characteristics of each of these donor groups, or their behavior, there are a number of very interesting results relevant to giving to the arts that I would like to highlight. Let's focus first on the sweet spot those categories that seem most likely to support the arts (in bold above): Entrepreneurs, Dynasts, Metropolitans, and High Frequency Volunteer. To combine them all, the most likely arts donor would be a person of high net worth with substantial wealth coming from a business they own, who also gives a philanthropy allowance to their children, lives in a major metropolitan area, and volunteers more than 200 hours a year.Read More
Americans for the Arts is pleased to announce our Council election results. Below are your peers from across the country who will be serving on the following Councils starting next year. Thank you to everyone who submitted nominations and who voted online. We are looking forward to working with these leaders throughout their terms.Read More