Arts Philanthropy Up in 2014
The following are excerpts from a recently published ARTSBLOG by Americans for the Arts:
Every year the Indiana University Lilly Family School of Philanthropy publishes their annual Giving USA analysis on philanthropy. Their latest report shows that 2014 was a very good year for the arts.
Private sector giving to the arts, culture, and humanities (by individuals, foundations, and corporations) totaled $17.23 billion, representing a 9.2 percent increase from 2013.
Even when adjusted for inflation, this represents a robust 7.4 percent increase.
2014 was the fourth consecutive year of growth in giving to the arts.
The arts had the highest rate of growth in charitable contributions among all the giving categories tracked in the report.
According to the Giving USA report, “More arts, culture, and humanities organizations saw increases in charitable contributions in 2014 compared with 2013, with online giving showing particularly strong growth.”
The veracity of Giving USA findings reported by AFTA is borne out by recent reports from national performing arts organizations. Houston Grand Opera and Atlanta Symphony Orchestra recently released press statements citing their record fundraising totals and attendance, and surplus operating funds, respectively. Additional reports are expected in the coming weeks.