Annual Report

9 1 2 FUND FOR THE ARTS ANNUAL REPORT IT’S NOT JUST ABOUT THE ARTS, IT’S ABOUT WHAT THE ARTS DO FOR OUR COMMUNITY Mural Artwork by Kacy Jackson CELEBRATING OUR 70TH YEAR WITH YOU - AND BECAUSE OF YOU! LETTER FROM THE PRESIDENT & CEO How do you measure a year? Not only is that a brilliantly written song from the Broadway hit “Rent,” it’s a profoundly difficult question to answer- unless you’ve had a year like ours! Together, in our 70th year, we have re-examined, re-focused, and re-purposed ourselves into a more inclusive, robust, and capacity building organization, steering your generous dollars into critical operating grants, educational workshops, engaging programs, inclusive initiatives, and fueling impact in every local zip code. Thanks to nearly 15,000 donors, we raised more than $8.4 million in our 2019 campaign. Fund for the Arts and our Arts Partners served more than 2.1 million people throughout our region through more than 700 impactful grants, drove educational initiatives in and out of schools, created new levels of access to art opportunities across Greater Louisville, led diversity, equity, and inclusion initiatives, and helped build the capacity of our arts partners across the sector. In this report, you will see how we are focusing your dollars on the five priorities of the community’s cultural plan Imagine Greater Louisville 2020: ensuring arts access, building the capacity of our arts and culture community, education, equity, diversity and inclusion, and promoting Greater Louisville as a world-class arts and culture destination. Most importantly, I hope you’ll feel a sense of pride in your contribution, along with our most sincere gratitude for your generosity. Your critical support is the backbone of our work and an asset to our community. Christen Boone President & CEO ABOUT FUND FOR THE ARTS Fund for the Arts is a regional nonprofit with the mission to maximize the impact of the arts on economic development, education, and quality of life in our community. The Fund is a convener, promoter, leader, and driver of Imagine Greater Louisville 2020, the region’s arts & cultural plan. It facilitates the largest arts grant program in Kentucky as well as conducts one of the oldest united arts campaigns in the country. For more information, visit www.fundforthearts.org OUR IMPACT It’s not just about the arts, it’s about the impact the arts have on the vibrancy of our lives and our shared goal of building a stronger community. Every zip code, every day. The Fund for the Arts and our arts partners are driving arts access into every neighborhood, improving student outcomes, supporting diverse artists and stories, and elevating Louisville on a national stage. FUND FOR THE ARTS BY THE NUMBERS 2.1 M 536,000 400,000 181,000 People Served Free Tickets and Admissions Arts in Education Experiences Out of Town Tourists 15,000 9,000 450 430 DonorsCounties Served ArtsPeople Opportunities Served SchoolsDollars Raised Served Artists and Organizations Supported FINANCIALS 2019 CAMPAIGN PLEDGES AND OTHER REVENUES Campaign Reporting Results - 2019 8,444,495 Future Campaigns and Other (447,749) Allowance for Uncollectible Pledges & Discounts (251,098) Expenses Netted Against Revenue 270,614 Total Net Revenue 8,016,262 Impact Initiatives & Expenses Impact Initiatives & Program Expenses 7,053,266 Fundraising Expenses 1,028,560 Management and General Expenses 433,700 Total Impact Initiatives & Expenses 8,515,526 Change in Net Assets (499,264) Net Assets - Beginning of Year 8,462,887 Net Assets - End of Year 7,963,623 West Louisville Performing Arts Academy at Fund for the Arts’ 70 Years of the Arts Celebration Kentucky Shakespeare at Fund for the Arts’ 70 Years of the Arts Celebration THE SOUL OF OUR CITY. The Fund for the Arts is committed to activating the community's cultural plan, Imagine Greater Louisville 2020, organizing around five chief priorities: Access, Cultivation, Education, Promotion, and Diversity, Equity, and Inclusion. IMAGINE VISION STATEMENTS ACCESS Arts, culture and creativity are fully integrated into daily life and accessible to everyone in every neighborhood, every day. More art for more people in more places. .......................................................................................................................... CULTIVATION Greater Louisville is a magnet for artists and creative professionals, where arts and culture organizations and creative industries, both institutional and emerging, are thriving .......................................................................................................................... EDUCATION Every child in our community has the opportunity to experience and participate in arts and culture through experiences in their schools, out-of-school programs and with their families. .......................................................................................................................... DIVERSITY, EQUITY, & INCLUSION Cultural equity is leading the way to a more equitable, diverse and inclusive community improving the social connectivity and cultural vitality of the region. .......................................................................................................................... PROMOTION Greater Louisville is recognized nationally and internationally as a leading city of arts and culture attracting talent to live and work here and tourists to play and stay. ACCESS TO OUR WORLD-CLASS ARTS COMMUNITY Greater Louisville has a world-class arts and culture scene. We are working to ensure that everyone in our community has ACCESS to it. Together, we are putting more arts experiences in neighborhoods, in schools, community centers, health and senior care facilities, parks, libraries, and public spaces across Greater Louisville. 536,000 855 75 37 30 18 Free Tickets Locations Community Libraries Parks and Healthcare and Admissions for Arts Centers and Historic and Senior Experiences Community Sites Facilities Organizations CULTURAL PASS A key example of our commitment to arts access is the Cultural Pass, which offered Greater Louisville youth free access to 59 world-class arts & culture venues, providing engaging arts experiences that reduce summer learning loss. This year, the Cultural Pass was used for more than 39,000 visits, with low-income children accounting for 14,000 of those visits. Participation by low-income children increased 44 percent from the previous year. “Cultural Pass gets us out more. You sometimes think ‘Zoo and Science Center.’ We have memberships to the Zoo and Science Center. So it’s, pretty day, the zoo, bad day we go to the Science Center. So, the Cultural Pass offers a lot more. It’s educational. We’ve explored the city more. We didn’t even know what Portland was—we’d never been to Portland. We love the Cultural Pass.” –Katie, mother of 4 CULTIVATION OF OUR CREATIVE PROFESSIONALS We aspire for Greater Louisville to be a magnet for arts and creative professionals, where arts and culture organizations and creative industries, both institutional and emerging, are thriving. We support and cultivate arts and culture organizations and artists to ensure the ability to deliver a greater impact to the community. Fund for the Arts is working to build the capacity of these creative professionals and organizations by creating connections to expertise, networks, board development, and leadership. Fund for the Arts hosts the nationally recognized NeXt emerging leader program to develop a strong pipeline to board leadership within our arts and culture community. In this year, the Fund for the Arts delivered capacity building opportunities such as the nationally acclaimed emcArts Artists as Social Change workshop, Philadelphia Mural Arts workshop and monthly lunch and learn events with local experts in fields from social media to advocacy, board governance to fundraising. In 2019, the Fund for the Arts supported the creative sector financially with grants, scholarships, and earned revenue opportunities. Arts and Culture Grants to Artists, Organizations, Artists 95 Organizations 96 742 Community Organizations and Schools Project grants provided opportunities for artists and organizations to deliver impact across the region, and Sustaining Impact Grants provided critical operating support to 23 organizations, nearly double the number from two years ago. SIG invests in organizations delivering exemplary impact through access, education, diversity and promotion. These organizations range from our largest anchor institutions such as the Speed Art Museum, Actors Theatre and Louisville Orchestra to some of our small neighborhood and youth organizations such as River City Drum Corp, Louisville Story Program and Squallis Puppeteers. "We believe that music and performing have enhanced our son's ability to make connections and draw from his experiences. His confidence in these areas has increased with his involvement with the River City Drum Corp., and being placed in an academic and social environment with peers and adults who consistently support, encourage and challenge him." — River City Drum Corp. Parent Natya Kendra Dance Academy at the 2019 Cultural Pass Kickoff INSPIRING ARTS IN EDUCATION OPPORTUNITIES We believe every child should have the opportunity to experience and participate in arts and culture through experiences in their schools, out of school programs and with their families. The Fund for the Arts provides grants to 236 schools and teachers to bring curriculum based arts in education programs into our schools across the region,

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