Arts Loan Fund
The Arts Loan Fund (ALF) is a collaborative program run by members of Northern California Grantmakers. The fund has provided quick-turnaround loans for over thirty years and aids organizations develop sound financial habits that advance their mission.
Arts organizations face unique cash-flow challenges, including delayed grant awards, seasonal earned and contributed income, and complexity in projecting program tuition and ticket sales. While businesses and larger non-profits are able to rely on commercial banking for cash-flow needs, small to mid-sized arts organizations have a harder time accessing capital. A loan from the ALF can be a practical financial tool that when used properly, signals proactive financial planning.
The Arts Loan Fund hosted an exciting conversation on funding culturally specific and immigrant communities in the Bay Area. The panel explored the importance of creative place making and place keeping. In the midst of so many changes in our communities, the panel discussed how we as grantmakers can honor the distinct characteristics and soul of the neighborhoods and cities we serve.
NCG's Arts Loan Fund (ALF) committee is made up of Bay Area funders that are committed to the Arts. The ALF meets once a month to review loan applications and determine awards to nonprofits that support the Arts.
On July 13, the public policy team from Southern California Grantmakers presented to Arts Funders on advocacy for foundations.
Across the nation, artistic and cultural practices are helping to define the sustainability of urban, rural, and suburban neighborhoods. In the design of parks and open spaces; the building of public transit, housing, and supermarkets; in plans for addressing needs for community health and healing trauma; communities are embracing arts and culture strategies to help create equitable communities of opportunity where everyone can participate, prosper, and achieve their full potential. And artists are seeing themselves — and being seen by others — as integral community members whose talents, crafts, and insights pave the way to support community engagement and cohesion.
“Creating Change through Arts, Culture, and Equitable Development: A Policy and Practice Primer” highlights both promising and proven practices that demonstrate equity-focused arts and culture policies, strategies, and tools.
Displacement threats to arts and cultural organizations are an increasingly urgent problem in cities and communities across the country. Fellow funders, city governments and nonprofits are searching for solutions to help protect our most valued arts and cultural assets. Today, the Kenneth Rainin Foundation has launched a new online resource to showcase an innovative solution that can help secure permanent, affordable spaces for arts nonprofits.
Based on Corporate Citizenship’s (CC) latest global research, which draws on the insights of companies such as Amway, Unilever, Kellogg’s and Microsoft, find out to what extent companies are moving to a flagship approach, where one is focusing activities and resources in a targeted manner, and how to do it successfully. In their research, 70% of companies surveyed expect to move in this direction in the next 2 years, up from just 12% doing so today. Corporate Citizenship has identified five characteristics of such an approach that if achieved, can ensure not only the programs survival, but also that it delivers impact to society and the business itself.
This month, NCG's Collaborative Philanthropy Coordinator, Krystle Chipman, sat down with the Loan Underwriter of the Arts Loan Fund and Principal of Padma Consulting, Margaret Southerland. Margaret shared why she believes the Arts Loan Fund (ALF) can be a game changer for arts nonprofits in the region.
NCG member the William and Flora Hewlett Foundation announced yesterday that Emiko Ono has been named the new Program Director of its Performing Arts Program. Emiko has been a sharp and engaging member of NCG's Arts Loan Fund Steering Committee since 2011. Join us in congratulating her on the new role!