What are the goals for Institutional Capitalization?
The goal is to promote widespread application of sound capitalization principles and facility management among cultural organizations and funders, to strengthen individual organizations and the sector as a whole, with the belief that well-capitalized organizations will be better positioned to produce higher-quality products and be more impactful, innovative, and relevant in and for their communities. We expect to see: • Broadly held shared understanding of basic definitions, principles and practices of capitalization among key players in the nonprofit arts and culture field; • The adoption of capitalization best practices among organizations reflecting the diverse disciplines within the arts and cultural sector; • Better capitalized arts and cultural institutions that are stronger and whose business models are more sustainable (where appropriate); and, • Arts and cultural institutions that are well positioned to produce high quality, impactful, innovative and relevant artistic product
Related Questions
- What if an individual has a project idea that fits with the Funds program goals, but does not have an institutional base from which to carry out the work?
- My organization previously submitted an Institutional Capitalization application and was declined. Can we reapply?
- What type of facility investments grant will Institutional Capitalization support?
