Posts Tagged ‘arts’

Stack of US Bills, CC by "401(K) 2012" on Flickr

Some friends of mine were having an interesting Facebook discussion around Ellen Cushing’s recent article in the East Bay Express, about crowdfunding, philanthropy, and what the young and well-to-do of Silicon Valley mean for the future of the arts. The issue was whether or not crowdfunding was replacing traditional arts philanthropy and what this means for the long-term viability of arts organizations. Kickstarter campaigns are great for early-stage artists, but they couldn’t reasonably sustain something like the San Francisco Symphony, or even smaller chamber organizations like SFCMP or SFSound. So if young people with a lot of money are eschewing the traditional philanthropic route in favor of crowdfunding, what does that mean for arts organizations?

Nothing. Crowdfunding is a new category of fundraising, and it draws a different set of people for reasons unrelated to traditional philanthropy—each addresses a separate “need” for the donor that the other doesn’t. The reduction in philanthropic support for the arts right now is not tied to crowdfunding, but rather to larger shifts in cultural priorities. (more…)

Photo CC by on Flickr

The economics of art is a perennial source of debate. Proponents of funding for the arts usually follow one of two arguments. The first is that art contributes intangibly to society by contributing a reason to live, as opposed to a way to live. The second is that art actually contributes tangibly to the greater economy through the hard work that many artists do for relatively little pay. In contrast, those who oppose funding for the arts argue that funding is waste of money, because valuable art will be able to survive economically on its own anyway: good artists will be in high demand, creating scarcity for their work, and hence ensuring them a commensurate level of income.

But art has never been a good fit to any monetary economy, because money was not really designed to handle art. (more…)