Fund For The Arts Begins Campaign
The Fund for the Arts kicked off its annual fundraising campaign Tuesday.The fund has no specific goal, but officials say they want to match last year's raised total of $8 million. Slightly less than 15% of the funds will go toward administrative and fundraising costs. The rest will go to various arts groups.The campaign comes at a time when arts groups have been struggling financially. CEO Allan Cowen told WFPL last week that the economy is only one concern for the groups. He says the increase in competition for entertainment and for donations may force many organizations to rethink their size, and possibly get smaller.Much of the $8 million from last year was given as a recurring donation. But about $900 thousand will not be renewed—the money was either given as a one-time donation or was part of an estate gift to the fund.