Ford Foundation Launches $100 Million Initiative to Develop Arts Spaces

U.S. Newswire › April 05, 2010

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Summary

NEW YORK, April 5 /PRNewswire-USNewswire/ -- With funding for arts and cultural institutions under intense downward pressure nationally, the Ford Foundation today announced a 10-year, $100 million initiative to support a new generation of arts spaces. The Ford initiative is an investment in the creative energy of America, to help artists and arts organizations develop vibrant cultural spaces even in times of economic hardship.

The Ford grants will be awarded to projects that incubate and produce creative work across all disciplines.

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Ford Foundation Launches $100 Million Initiative to Develop Arts Spaces

The $100 million commitment comes at a time when funding for the arts has been severely curtailed by the financial downturn and acknowledges the potential of a strong cultural sector to help drive economic revitalization in hard-hit neighborhoods. The ...

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