ArtPlace launches with $11.5 million in grants
As announced in today’s print edition of The New York Times, a new consortium of funders has joined forces to launch a game-changing, public/private partnership, called ArtPlace. The effort takes the approach of creative platemaking, a decades-old practice that drives growth and revitalization in cities and towns, putting the arts at the center of economic development. In only its first round of funding, ArtPlace announced 34 grants, totaling $11.5 million, “from Honolulu to Miami.” Each of the funded projects is graphically represented on the brand new ArtPlaceAmerica.org website.
A collaboration of top national foundations, the National Endowment for the Arts, and various federal agencies, the mission and goal of ArtPlace is to accelerate creative placemaking across the U.S. Accordingly, the funders are a veritable who’s who, but not just usual suspects; taken together, they illustrate substantial support for the arts, design, and placemaking. ArtPlace is directed by Carol Coletta, while its grants are administered through the Nonprofit Finance Fund, with an additional $12 million loan fund capitalized by six major financial institutions.
ArtPlace is now inviting “Letters of Inquiry from initiatives involving arts organizations, artists, and designers working in partnership with local and national partners to produce a transformative impact on community vibrancy.” Click here to access the online LOI submission form, due by November 15, 2011.
Posted in: Funding
Tagged: ArtPlace, Bloomberg Philanthropies, Carol Coletta, Ford Foundation, James Irvine Foundation, Knight Foundation, Kresge Foundation, McKnight Foundation, Mellon Foundation, NEA, Nonprofit Finance Fund, Rasmuson Foundation, Robina Foundation, Rockefeller Foundation