Thursday, October 18, 2018

Michael Bloomberg thinks midsize arts nonprofits can change American cities, and he's spending over $100 million to prove It

ARTNET NEWS
By Tim Schneider

Practically everyone in the art world understands the importance of small and midsize galleries to the arts ecosystem. This broad recognition explains why we’re now seeing more and more actions being taken to shore up these key players. Less discussed is the importance of small and midsize arts nonprofits to the same ecosystem—and beyond. But at least one particular patron has taken a keen interest in the health of this cohort. Administrated as a branch of Bloomberg Philanthropies’ American Cities initiative, AIM grew from Bloomberg’s belief that small and midsize cultural organizations have been vastly under-appreciated in terms of their impact on metropolitan communities and economies. [More]