Harlem arts group receives $1 million grant
June 17, 2013
Like all other nonprofits, arts charities need funding to keep themselves afloat. They don't take in any revenue, which means they tend to look to kind donors or sponsoring foundations for help as they try to make their communities a more beautiful place.
New York's Harlem Stage recently did just this and was rewarded with a $1 million grant from The Ford Foundation, according to Crain's New York. Artists of color will be able to continue creating dance, music and theater productions, and these funds will also help a number of the pieces be showcased during tours.
Moreover, Harlem Stage Managing Director James King told Crain's that the organization will be providing artists with grants to make the most of their projects, depending on the size, which may also be funded by tour revenues.
The Ford Foundation was created in 1936 by Edsel Ford, the son of the owner of the Ford Motor Company. The organization has numerous focus areas, as explained in a report in 1949. The subjects include establishing world peace through worldwide law and justice developments, improving educational institutions and promoting the theories of freedom and democracy in various societies.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.