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?
By making works accessible to audiences in far-flung corners of the country, Alice Walton's new foundation, Art Bridges, may permanently alter how Americans interact with art.
When is it OK for a museum to sell its holdings to shore up its finances or fund renovations? And what kinds of issues may arise with donors when it goes down this path?
The Graham Foundation is known around the world for redefining architecture and supporting architecture projects as works of art. But plenty of grants land locally, too.
More than ever, museums—and funders—are turning to technology in an effort to boost audience engagement. So when a Knight rep expounds on developments in "museum tech," it's worth a listen.
When collectors struggle to navigate a complex web of financial, legal and aesthetic obstacles simply to donate artwork, midsize regional museums stand to benefit.
Recent gives find the foundation expanding its footprint in and beyond Southern California with an eye towards collaborations that drive social change.
When it opened, some saw Alice Walton's multi-billion-dollar Crystal Bridges Museum of American Art as a textbook case of nouveau philanthropy gone wrong. Five years later, the verdict is quite different.
When it comes to funding programs that use the arts to drive social change, institutional grantmakers are stepping up. What's stopping individual patrons from doing the same?
With donors increasingly focused on combating inequality, keep an eye on the visual arts space, where female artists remain woefully underrepresented. Some funders are on the case.
With public funding for the arts under fire, some foundations are keen to make a case for the arts as a shared value across the entire population and not a privilege of coastal elites.