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Mr. Alex Parkinson
Creativity and Impact: Can the Arts and Corporate Philanthropy Coexist?
Posted by Apr 30, 2015
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Mr. Alex Parkinson
Some people are numbers focused, others are creatives. In business, it is often the metrics and the people behind them that pull the strings and the corporate philanthropy field is following the same path. Social impact is increasingly measured by data and used by corporate funders as the basis for grant-making decisions. This trend has not necessarily been kind to the arts sector, as corporate giving budgets have reshuffled to target organizations and initiatives that can quantify their impact.
Giving in Numbers: 2014 Edition found that total giving to Culture and Arts fell by 20 percent between 2010 and 2013, a result that suggests organizations operating in the field have struggled to successfully capture the metrics and information necessary to demonstrate impact in a way companies can understand. Americans for the Arts is responding to the decline, however, with a shrewd assessment of the place arts has in the corporate philanthropy world—it’s not just about impact that can be supported by data, but about using creativity to broaden conversations and generate support.
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