Who benefits from tax-free arts philanthropy? | Bleader

Monday, October 10, 2011

Who benefits from tax-free arts philanthropy?

Posted By on 10.10.11 at 12:00 PM

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The major beneficiaries of foundation support for the arts are big-budget institutions with fat-cat audiences, according to a new report from the National Committee for Responsive Philanthropy.

Fifty-five percent of foundation arts grants go to the less than 2 percent of arts organizations with annual budgets of more than $5 million, the report says, while "recent research demonstrates that the primary audience of these large institutions is predominantly white and upper-income."

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