Bloomberg Philanthropies announced the nationwide expansion of the Arts Innovation and Management (AIM) program, formerly known as the Arts Advancement Initiative. The invitation-only program seeks to strengthen nearly 300 small- and mid-sized organizations within six cities: Boston, Chicago, Dallas, Detroit, Los Angeles and San Francisco. Through the two-year initiative, Bloomberg Philanthropies will offer $30 million of unrestricted general operating support. It will also include arts management training in fundraising, audience development and board member engagement.
“Nonprofit arts groups do so much to help cities thrive, but they often face major funding challenges. Effective management and fundraising practices are absolutely critical for arts organizations, especially those with small budgets,” said Michael R. Bloomberg. “These grants will help arts groups make the most of their resources, reach more people, and have an even bigger impact on their communities.”
Piloted in New York City, Bloomberg Philanthropies supported 245 grantees through AIM from 2011-2013. Participating organizations reported improvements in audience development, board engagement and fundraising over the two-year program:
Audience development: 79% reached new audiences through targeted marketing campaigns and social media.
Board engagement: 95% improved board member engagement by adding new members and/or increasing board giving.
Fundraising: 88% leveraged the grant to secure new contributions from donors.
Click HERE For The Full Article!