Pooling Resources to Fund the Arts

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Author(s): Leigh Nanney Hersey (University of Louisiana – Monroe, USA)
Copyright: 2018
Pages: 26
Source title: Funding Challenges and Successes in Arts Education
Source Author(s)/Editor(s): Siu Challons-Lipton (Queens University of Charlotte, USA)and Richard Emanuel (Alabama State University, USA)
DOI: 10.4018/978-1-5225-2581-3.ch006

Keywords: Accounting & Finance / Business & Management / Educational Administration and Leadership / Information Science Reference

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Abstract

The viability of today's arts and cultural nonprofit organizations depends much on the ability to generate financial resources. Leaders of these organizations must balance government funding, private giving, and earned income to meet their budget needs. Using regression analysis, this research focuses on the relationship between government funding and private giving to nonprofit arts and culture organizations. Results suggest that government funding of the arts, including arts education programs, encourages private giving. Therefore, organizations need to continue to fight for funding from programs like the U.S. Department of Education's Arts in Education which will in turn encourage private giving. It is the pooling of different revenue streams that can keep the arts vibrant in our communities.

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