While a growing number of funders see the arts as a means to drive social change, news out of New York City suggests some billionaire patrons can't shake their affection for shiny museum wings and other brick-and-mortar projects.
The Roy Lichtenstein Foundation recently announced it was shuttering its doors after 19 years. It’s not going quietly. With a big gift to promote underrepresented artists, the foundation is expanding its already formidable legacy.
Stefan Edlis and Gael Neeson are in their 90s and 70s, respectively, are still giving away millions, and are now stars of an HBO documentary. How does their giving reflect their love for art, and what else are they backing?
Now in its 25th year, the Joan Mitchell Foundation has emerged as an influential player in arts philanthropy. We talk with CEO Christa Blatchford about where it’s heading and the challenges facing working artists today.
As arts funders remain laser-focused on equity—both in terms of representation and access—the Walton Family Foundation makes another big gift towards diversifying the ranks of museum leaders.
As artist-endowed foundations grow in number and influence, we check in with the Aspen Institute's Christine J. Vincent on the opportunities and challenges facing these unique and frequently misunderstood entities.
Citing pervasive cost overruns and a shift toward more socially equitable giving, some donors have shied away from funding ambitious capital projects. Kenneth C. Griffin, however, isn't one of them.
As a tireless funder of beleaguered small organizations, the Andy Warhol Foundation's latest funding cycle provides critical support while navigating the intersection of art and social issues.
We write often about the handful of national funders that support individual artists. But there are also some local and regional funders who operate in this space, including Artist Trust, which is based in Seattle.
One of the hottest issues in arts philanthropy is how organizations can better engage with audiences. The Knight Foundation continues to be a leader on the tech front of this challenge.
A lucrative new art prize out of Texas is another sign that wealthy collectors are starting to play a greater role in arts philanthropy. Even bigger giving by these patrons likely lies ahead.
The Knight Foundation is addressing one of the biggest obstacles prohibiting museums from using technology to improve the visitor experience—the lack of internal digital expertise and capacity.
While mega-donors seem to be providing more large general support gifts to nonprofits lately, we still don’t often see such gifts flowing to universities and museums. Here’s a $50 million exception.
In 2011, Shelley Frost Rubin began laying the groundwork for one of art philanthropy's hottest funding areas with the formation of A Blade of Grass, which recently announced its 2018 fellows for Socially Engaged Art.
Don't believe the rap that mega-donors now see L.A. as the innovative arts mecca and New York as the calcified city of yesteryear. A major gift to The Shed—by a billionaire Angeleno, no less—suggests otherwise.
Financiers can amass major collections of art and become major art philanthropists. We explore the case of private equity veteran Carl Thoma and his wife Marilynn's Thoma Art Foundation.
The art world has long been dominated by institutions and thought leaders on the coasts. The Terra Foundation for American Art tells us how it's working to change all that.
While the billionaire Eli Broad used to complain about LA being a "one-philanthropist city"—namely, him—the city is now flush with deep-pocketed and highly motivated art donors. Where's it all leading?
LGBTQ artists have traditionally lacked the kind of robust support structures that exist across other segments of the arts world. Queer|Art is working to change that.
MSD Capital Cofounder Glenn Fuhrman and his wife Amanda are major collectors of contemporary art. We tell you about their philanthropy in this space, as well as their other giving.
Even as two Midwest universities announce big gifts for new museums, the Berkshire Museum sells part of its collection just to stay afloat. What gives?
With funders becoming increasingly concerned with the unraveling of our social fabric, we dig into a provocative gift exploring art's ability to foster empathy and "affect positive social change."
The New York Philharmonic and Metropolitan Museum of Art net huge donations a few months after shelving controversial capital projects. What's the takeaway here for arts institutions?
Condemned to poverty? Maybe not. Elizabeth Hulings explains how the Clark Hulings Fund came to focus on helping artists acquire the business skills needed to build financially sustainable careers.
At first, it seems a bit jarring to see Ford partnering with the Walton Foundation around the issue of curatorial diversity. But a closer look reveals Alice Walton's fingerprints all over a big new initiative.
The planned sale of a significant portion of the artwork collection of the Berkshire Museum raises questions for both other museums and many nonprofits.
With $8 billion and no heirs, Geffen's giving spree, toggling between New York and LA, is unlikely to let up any time soon. We read the tea leaves of his $150 million gift to LACMA.
A billionaire couple historically focused on health and education causes comes around to the educational and economic value of supporting a film museum's beleaguered capital project.
While funders often encourage arts organizations to "engage" the community, an alumni couple take the next logical (but surprisingly rare) step by endowing a community engagement position within a museum.
A Silicon Valley billionaire and his wife buck conventional wisdom and give big to a major U.S. museum. Are Spock-like tech philanthropists finally growing more friendly to the arts?