Why Classic Arts Philanthropy Sucks

“It’s worth restating that private philanthropists are less minded to give away their money at a time of economic penury, that the government has so far failed to create anything approaching a favourable tax system to generate a more fulsome culture of giving, and that individuals would rather give their money to sure-fire successes rather than as start-up cash for innovative new projects.”

Source: The Guardian (UK) 04/19/11