A new report by The Convention Board and Individuals for the Arts finds that corporations which can be persevering with to fund the humanities are more and more partnering with arts organizations to deal with social challenges, together with racism and different types of inequality.
The survey additionally finds that the outlook for arts funding is essentially steady. 75% of respondents proceed to help the humanities, regardless of the toll inflicted by the pandemic. Furthermore, 72% plan on sustaining their present degree of funding for the humanities over the following three years, and eight% plan on rising it.
The report’s insights mirror survey responses from greater than 100 company citizenship and philanthropy professionals at private and non-private corporations. The insights additionally mirror exterior analysis and casual discussions with member corporations of The Convention Board which have experience in company help for the humanities.
Nolen V. Bivens, president and CEO of Individuals for the Arts, commented, “Constructing real partnerships between the humanities and enterprise communities based mostly on shared values, imaginative and prescient, and core mission areas profit each participant within the arts and tradition ecosystem. I’m very happy that 75 % of companies help the humanities, and 62 % use the humanities to extend range, creativity, and innovation. It’s clear that companies are taking critically their function in strengthening communities. The humanities are a method to do that. Companies additionally use their help for the humanities as a method to deal with key native points equivalent to training, the financial system, and public discourse. After we help the humanities, we’re getting greater than cultural advantages – we’re additionally constructing more healthy communities that we wish to stay and work in.”