managing change in the arts and not-for-profit sectors
Arts Quarter Launches Hidden Wealth Research Project Findings
12th July 2011
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Shortly after announcements made by DCMS, ACE and HLF to deliver a range of capacity building and matched funding programmes to promote arts philanthropy under the 'Catalyst' rubric, Arts Quarter has launched updated findings from its on-going Hidden Wealth Research Project - a collaborative capacity building programme seeking to support organisations understand and reflect on their potential to engage with High Net Worth Individuals as donors.
These latest findings, update the report issued in October 2010 and report on a total of 78 arts organisations who have taken part thus far. Among those who have participated, there was clear evidence of their capacities to engage with individuals as high net worth donors.However the report finds clear indicators that high-net-worth individual giving is unlikely to work for all arts organisations.
Findings in this updated report indicate that among those who took part, considerable work is required if organisations are to respond effectively to the Arts Philanthropy Agenda either independently of or through support secured via the Catalyst programme.
In its conclusions and based on the evidence gathered though this project, the report questions the efficacy of the DCMS launching its endowment challenge programme as a time when so many organisations are lacking the capacities to engage with individual supporters that would allow them to take full advantage of the scheme.
This programme will now enter its third and final phase which will run until March 2012 and a call is going out at this tile to invite more arts organisations to take part.
Participation is free of charge.
Further details on the programme and how to take part and the benefits for arts organisations in doing so can be found by clicking here