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April 08, 2015

Bloomberg Fund Adds $30 Million to Program for Arts Groups

Bloomberg Philanthropies will offer $30 million over two years to provide operating support and management training to small and midsize arts organizations in six cities, Jewish Business News writes. The investment marks an expansion of the foundation's Arts Innovation and Management program, launched as a pilot project in New York in 2011 as the Arts Advancement Initiative.

The invitational program aims to strengthen nearly 300 cultural groups in Boston, Chicago, Dallas, Detroit, Los Angeles, and San Francisco. Participating organizations will be required to secure matching funds. Training in fundraising, audience-building, board engagement, and other management issues will be developed in a partnership between Bloomberg Philanthropies and the University of Maryland's DeVos Institute of Arts Management.