Performing Arts in New York City to Receive $11 Million in Grant Money to Offset Recession's Impact

Seventy-nine Music, Dance, and Theater Organizations Across the Five Boroughs Will Receive a Significant Infusion of Funding

NEW YORK, July 21 /PRNewswire-USNewswire/ -- To give a boost to New York City arts organizations hard hit by the financial crisis, the Open Society Foundations today announced $11 million in grants to support community and educational arts initiatives.

"The arts--and arts education--are a vital part of the fabric of New York City," said George Soros, chairman of the Open Society Foundations. "This funding will help organizations that have been under severe strain because of the economic crisis."

According to a report released by the Alliance for the Arts in May 2010, more than 60 percent of arts organizations in New York City reported significant budget cuts since the recession which have resulted in fewer jobs in the arts industry and reduced public programming.

The $11 million investment is made through the Performing Arts Recovery Initiative, a special one-time grant program sponsored by the Open Society Foundations and managed by the Fund for the City of New York. The program is focused on supporting nonprofit music, dance, and theater groups that are recognized for the quality of their artistic work, their strong educational programs for young people, their employment of artists and their other contributions to the vibrancy of New York City's cultural life.

Seventy-nine organizations will receive two-year operating-support grants ranging from $65,000 to $250,000. The groups, located in all five boroughs of New York City, vary in budget size from $75,000 to $7 million and are primarily small and less visible than larger mainstream organizations; consequently, they are most impacted by the economic crisis and most in need of assistance. They include the New York Youth Symphony, Bronx Arts Ensemble, Ballet Hispanico, Mark Morris Dance Group, Epic Theatre Ensemble and Dance Theater of Harlem. The full list of grant recipients is available at http://www.soros.org/initiatives/usprograms/focus/special/news/arts-funding-20100721.

"This initiative is part of our wide-ranging, ongoing work to address the economic crisis nationwide," said Ann Beeson, executive director of U.S. Programs at the Open Society Institute, who managed the program directly, along with Mary McCormick, president of the Fund for the City of New York, and adviser Holly Sidford of Helicon Collaborative. "New York City's nonprofit arts and culture organizations employ more than 160,000 people--three times more than the law firms in the city. We're not an arts foundation, but we know the central role arts and culture play in economic stability and social change."

The Performing Arts Recovery Initiative grants come as arts groups in New York face sharp reductions in support from the state and city. One goal of the initiative is to encourage other funders to support the arts and recognize the central role arts and culture plays in the city's economy.

Over the last two years, the Open Society Institute's U.S. Programs (part of the Open Society Foundations) has supported vital efforts to address the economic crisis in the United States. Other initiatives include the Special Fund for Poverty Alleviation, which focuses on education, access to benefits and workforce development; the Neighborhood Stabilization Initiative, which aims to prevent foreclosure, develop workforce and economic opportunities and expand access to fair and affordable credit; and support for eight state coalitions working to ensure transparency and equity in the distribution of federal stimulus money.

Active in more than 70 countries, the Open Society Foundations work to build vibrant and tolerant democracies whose governments are accountable to their citizens. Working with local communities, the Open Society Foundations support justice and human rights, freedom of expression, and access to public health and education.

SOURCE Open Society Foundations