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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.
San Francisco, CA—Arts organizations are facing unprecedented challenges as they’ve suspended public programming to help our communities adapt to life-saving shelter-in-place orders. The Arts Loan Fund, managed by Northern California Grantmakers, has announced a COVID-19 Emergency Loan to support arts and culture nonprofits and fiscally sponsored organizations in the eleven Bay Area counties. Organizations can apply for these low-interest loans to cover basic expenses such as staff salaries, artist payments, rent, and other operating costs during this challenging time.
In the wake of recent violence in Half Moon Bay, Monterey Park, and Memphis I hope you are finding opportunities to collectively grieve and honor the lives of Asian, Latino, and Black community members tragically lost. At NCG we have been sitting with the heaviness of this grief. We extend empathy and solidarity to those who mourn the loss of loved ones and those supporting the injured to heal from these profoundly traumatic acts of violence.