Tuesday, October 25, 2011

Multiyear Funding of up to $1 million Available to Nonprofit Arts Organizations

Sebastian Spering Kresge

Kresge Foundation's Arts and Culture Program announces final call for Facility Investment and Building Reserve Grant applications. Deadline: March 1, 2012 for preliminary applications.

Facility investment grants will prioritize renovation and repair projects. Building reserve grants are designed to seed or enhance an organization's building reserve fund for the ongoing maintenance and replacement of an organization's facilities (the program does not fund reserves solely for equipment).

Eligible applicants are nonprofit 501(c)(3) organizations in the United States whose primary mission is arts and culture and Nonprofit 501(c)(3) organizations that have a long-term agreement to operate a government-owned facility are eligible.

Start up organizations or those with less than two full years of operation, and organizations that are both owned and operated by a government entity are not eligible to apply.

Grant amounts will be dependent on the type of project and the size, scope, and business model of the organization. In general, multiyear institutional capitalization grants will not exceed $1 million and/or a period of three years from the time of the grant award.

Complete program information, application guidelines, and the application form are available at the Kresge Web site. http://www.kresge.org/programs/arts-culture/institutional-capitalization/facility-investments-and-building-reserves

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