Ford foundation pledges $100 million to the arts
NEW YORK, 5 April 2010—With funding for arts and cultural institutions under intense downward pressure nationally, the Ford Foundation today announced a 10-year, $100 million initiative to support a new generation of arts spaces. The Ford initiative is an investment in the creative energy of America, to help artists and arts organizations develop vibrant cultural spaces even in times of economic hardship.
The Ford grants will be awarded to projects that incubate and produce creative work across all disciplines.
The $100 million commitment comes at a time when funding for the arts has been severely curtailed by the financial downturn and acknowledges the potential of a strong cultural sector to help drive economic revitalization in hard-hit neighborhoods. The initiative, Supporting Diverse Arts Spaces, will provide grant funds to support both new projects and the revitalization and expansion of existing arts spaces.
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Posted on Monday, April 05, 2010
