In the current Arts and Cultural market place it’s all too common a story; the squeeze is on....
Arts organisations across the country are having to face up to the challenging times that lie ahead. Whilst many are waiting anxiously for the Arts Council England announcements at the end of March, a number of Local Authorities have already announced drastic cuts in Arts funding. Trusts and Foundations and corporate sponsors are finding that they need to be more selective in their support, and the general economic climate means that arts organisations have to be financially creative to ensure long term survival.
Blackbaud has teamed up with two of the industry’s leading consultants and partners to understand the challenges that lie ahead and look at ways of Bridging The Funding Gap.
So what works?
Intelligent Commissioning, Crowd Funding, Match Funding, Individual Giving, pursuing Trust & Foundations, High Net Worth Individuals, Corporate Sponsors, Members and friends, or creative campaigns such as seat sponsorship etc. Believe it or not, arts organisations are in a fortunate position, typically having a large number of customers who use and enjoy the services of the venue. Ask successful fundraisers and they will tell you half the battle is identifying a loyal supporter base. The key is identifying individuals who are patrons in the true sense of the word and moving them through the process of becoming donors/ major supporters.
For more information, please watch the detailed debate below regarding Bridging the Funding Gap. Theresa Lloyd from The Philantrophy Advisory Service, John Nicholls, Managing Partner, Arts Quarter LLP and Christopher Goodhart, European Managing Director, Arts and Cultural Division at Blackbaud discuss the sector and how arts organisations should be moving forward despite the funding cuts.
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