The Ups And Downs of Philanthropy

“Two New York-based not-for-profit research organizations, the Foundation Center and Grantmakers in the Arts, have issued a report showing that while the Sept. 11, 2001 terrorist attacks had a deleterious effect on arts and culture philanthropy during 2001 and 2002, the drop in giving wasn’t as steep as first feared. Meanwhile, a new survey… suggests that charitable giving by corporations slackened in 2001, but then, in a surprise, rose dramatically in 2002.” Still, these numbers don’t mean that arts giving isn’t at disturbingly low levels, and the scramble in dozens of U.S. states to fix deficits by slashing arts funding is making matters even worse.