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.
First, let’s get honest about the historical context we are operating in. Philanthropy exists as a result of capitalism and was formed through centuries of slavery, colonization, and displacement. The systems are designed to extract resources, privatize wealth, and centralize power and control of said resources. The systems are successfully doing exactly what they have been designed to do.