Tuesday, July 05, 2011

Philanthropy provides sweet charity for the arts

Philanthropy provides sweet charity for the arts: "PRIVATE giving, rather than corporate sponsorship or government funding, is providing an increasing share of arts companies' financial base.

The changing sources of arts funding are contained in a report released last week by the Australia Business Arts Foundation. It revealed that over the past decade, income from sponsorships had increased 52 per cent (up $33.5 million) and income from donations 161 per cent (up $76 million)."

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