Tuesday, March 10, 2009

Nonprofit Financial Troubles Part I: Arts and Cities

The news is filled with reports of nonprofits facing financial difficulties.  Starting today and for the rest of the week, I plan to post a nonscientific sampling of such stories from around the country and the nonprofit sector.  Here is the first such story.

The Philadelphia Inquirer reports that the Philly Mayor Michael Nutter has created a Cultural Advisory Council and reopened a city office decided to the arts in an effort to help both landmark institutions such as the Philadelphia Museum of Art and smaller, less well known city arts organizations weather the current economic crisis.  Even so, the city has been forced to cut funding for arts organizations, including by 20 percent for three museums.  The article also cites cuts in municipal funding for the arts in locations as widespread as Oakland, California, Madison, Wisconsin, and Cincinnati, Ohio, and notes that Americans for the Arts has estimated that nationwide an estimated 10,000 arts organizations may disappear in 2009.  One bright spot reported in the article, however, is that Seattle has increased its city arts budget by $1 million.

LHM

http://lawprofessors.typepad.com/nonprofit/2009/03/financial-troub.html

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