Broward Cultural Division is hosting two half-day sessions designed to build stronger financial health and vibrancy in the nonprofit arts sector. This second sessions is for funders in the arts; public and private arts funders of all sizes that are invested in the well-being of the nonprofit arts sector.

The discussion reveals how funders can change their policies and practice to have more candid discussions about finances with their constituents and how nonprofits can approach funders about financial need that is not programmatic.

Hosted by Grantmakers in the Arts and Broward Cultural Division, this seminar focuses on defining capitalization as “the resources an organization needs to fulfill its mission over time”. In 2010, GIA (Grantmakers in the Arts) embarked on the National Capitalization Project (NCP) to seek answers to the under-capitalized tendency of the nonprofit arts field. Conversations on Capitalization and Community have been held in 15 cities engaging cultural funders and arts organizations in a dialogue about the financial health of nonprofit art groups in their community and how funders might better support capitalization principles for their grantees. This three-hour session for funders will look at what it means to be a well-capitalized organization achieving financial health and vibrancy within their marketplace.

The workshop will be led by national experts Champ Knecht, Director of Operations & Finance, Grantmakers in the Arts, and Rebecca Thomas, Principal, Rebecca Thomas & Associates (RTA) and former Vice President, Nonprofit Finance Fund. Together, Grantmakers in the Arts and Rebecca Thomas have trained hundreds of nonprofit executives, board members, and funders.

Goals for Conversations on Capitalization and Community:

1. Elevate knowledge of capitalization for nonprofits and their funders.

2. Provide shared vocabulary that granters and grantees use to inform and transform grantmaking and nonprofit financial practices.

3. Provide insights into effective dialogues between funders and grantees.

4. Facilitate discussion with funders and nonprofits about their community’s capital drivers, their institutional values and practices, and the ways that each entity fits into the arts eco-system.

5. Create a greater sense of complementary practice and camaraderie for a stronger, healthier arts and culture ecosystem.

RSVP $10 - Includes docent tour of the museum collection at 1:00p.m. Grantmakers in the
Arts (GIA) believes that cultural organizations serve the public best when grantmakers deliberately support cultural organizations’ financial health.

For more information, visit Grantmakers in the Arts website on Conversations in Capitalization here.

About Broward Cultural Division
Broward Cultural Division is a local arts agency that provides financial, technical and marketing support and development to artists and arts organizations in the nation’s 17th largest county. Visit our website and follow us @BrowardArts on Twitter and Facebook.