Foundation Spending On Arts Decreases

A new report describes trends in foundation spending on the arts. Last year foundation spending on the arts decreased 3/5 percent to just over $4 billion. “Arts funding accounted for 11.8 percent of overall foundation grant dollars in 2001; nearly nine out of ten foundations in the sample supported the arts in 2001; and museum activities received the largest share of grant dollars in the 2001 sample (34 percent), followed by performing arts (30 percent).”