Monthly Archives: February 2009

YOUR MONEY AT WORK

THE AMERICAN RECOVERY AND REINVESTMENT ACT OFFICIAL WEB SITE “The American Recovery and Reinvestment Act will be carried out with full transparency and accountability—and Recovery.gov is the centerpiece of that effort. In a short video, President Obama describes the site … Continue reading

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ARTS NEED SUPPORT DURING HARD TIMES

“The truth is I must have a change of some sort, or die,” Abraham Lincoln said when criticized for attending opera while the Civil War raged. The quote, cited during a National Public Radio report on the 16th president’s musical … Continue reading

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UPDATE ON THE LINCOLN CENTER PROJECT

Within 24 hours of announcing a free consulting program for any troubled arts organizations in the country, Michael Kaiser, president of the John F. Kennedy Center for the Performing Arts, received 110 emailed pleas from 31 states. “We even got … Continue reading

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WSJ: WILL THIS CRISIS PRODUCE A ‘GATSBY’?

In the fall of 1933, Sherwood Anderson left his home in New York City and set out on a series of journeys that would take him acrosslarge sections of the American South and Midwest. He was engaged in a project … Continue reading

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GUIDE TO NAVIGATING THE FINANCIAL CRISIS: FAQ

A useful summary of financial terminology designed for non-profits, fromt the Nonprofit Finance Fund. Read more.

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THE ARTS NEED BETTER ARGUMENTS

They got culture money into the stimulus bill—but not without a fight. The House, in its version of the bill, gave $50 million to the National Endowment for the Arts, increasing its budget by more than the third. Then the … Continue reading

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WHY THE ARTS MATTER

“…But the importance of the arts extends well beyond economics and education. The arts expand our horizons, unleash creativity and build social bonds. During this period of unsettling change, the arts can provide us with pleasure and comfort, while also … Continue reading

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FOR INVESTING WITH MADOFF, PRIVATE FOUNDATIONS COULD FACE TAX FINES

Foundations that lost billions of dollars investing with Bernard L. Madoff have another reason to fret: they could be socked with sizable fines for failing to exercise sound judgment. Under an obscure tax rule, private foundations can be penalized for … Continue reading

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‘DIVERSITY’ REGULATION THREATENS TO POLITICIZE PHILANTHROPY

According to a study by The Chronicle of Philanthropy, charitable foundations’ assets declined an average of 28% in 2008. The nonprofit organizations they fund are struggling to survive. Given these dire circumstances, one would think we would be empowering citizens … Continue reading

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VIRAL FUNDRAISING SAVES A THEATER

The day after Christmas, Loretta Greco went into her office at the Magic Theater here, sat down at the computer and started e-mailing everyone she knew, asking them to e-mail everyone they knew. Her plea was simple: Unless the Magic, … Continue reading

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