FEDERAL The IRS and Treasury Department are finally starting to bring some clarity to program related investments, releasing a rule that represents the first update in 40 years to the language describing how these financial instruments can be used. Unfortunately, the one arts example in the mix describes a 501(c)(4) “social welfare” organization, rather than the more standard 501(c)(3) nonprofit. ThisRead More
Public arts funding update: February
For whatever reason, this is about the time of year when things start to heat up in budget land, for the federal government and states alike. From February through May, we’ll find out a lot about where the NEA and state arts council budgets stand for fiscal year 2013, and what the corresponding ramifications mightRead More
Public Arts Funding Update: April
As you might have heard, public funding for the arts has been under pressure at the local and especially state levels ever since the recession hit a few years ago. This year, those pressures have spread to the federal government as well, and during the recent negotiations between Democrats and Republicans in Congress to agree onRead More