Sunday, January 4, 2009
Where's the Arts Bailout?
Michael Kaiser, president of the John F. Kennedy Center for the Performing Arts, has written an article for the 'Washington Post' about the current U.S. government bailouts of the financial markets, and asks where the ones are for the arts. He comments on what many of us in the arts community already knew, that “in the past few months, dozens of opera companies, theater companies, dance organizations, museums and symphonies have either closed or suffered major cash crises.” Kaiser suggests that “we need an emergency grant for arts organizations in America, and we need legislation that allows unusual access to endowments. Washington must encourage foundations to increase their spending rates during this crisis, and we need immediate tax breaks for corporate giving.” Read the full article here.