Funded by the Doris Duke Charitable Foundation, NFF's five-year program will allow each nonprofit "to tackle sector-wide challenges such as shifting audiences, decreased funding sources, and new technologies."
Grants have been awarded to:
The Wooster Group (New York, NY), to explore a new producing model, pursue partnerships, and take on a new educational role in contemporary theatre. The grants, under the title, "Leading for the Future: Innovative Support for Artistic Excellence," offer recipients "significant funding, technical assistance, and NFF advisory services as they implement their promising programmatic, financial and operating innovations to strengthen their business models."
The initiative "will allow participants to test new ways for the performing arts field to bolster organizational capacity, mitigate financial risk, and increase the ability to offer top-notch relevant programming," according to the NFF.
"'Business as usual' is no longer an option for many nonprofit arts organizations, and standard funding practices give them little room to invest in bold and experimental solutions to economic challenges," stated Ben Cameron, director for the arts for the Doris Duke Charitable Foundation. "We in the funding community must be willing to take risks to test new ideas — especially when the road gets rough — in order to secure a vibrant, sustainable future for the organizations we support."
"[These] participants have already proven themselves adept at artistic innovation; now, they will lead the way for arts organizations to reinvent their business platforms so the artistic side will be reliably supported," stated Clara Miller, president and CEO of NFF. "At a time when restricted gifts and carefully predicted outcomes are the status quo, this program offers these organizations the latitude and support that is required for true experimentation and change."
Nonprofit Finance Fund (NFF) is a national leader in nonprofit, philanthropic and social enterprise finance. Founded in 1980, NFF (nonprofitfinancefund.org) provides loan financing, access to capital and direct advisory services that build the capacity and the financial health of nonprofits. A leading community development financial institution with over $80 million in assets, NFF has provided over $175 million in loans and access to additional financing via grants, tax credits and capital in support of over $1 billion in projects for thousands of nonprofit clients nationwide. NFF has a staff of more than 75 serving nonprofits nationally from offices in Philadelphia, New York City, Newark, New Jersey, Boston, Detroit, Washington, DC, and San Francisco.
The mission of the Doris Duke Charitable Foundation (ddcf.org) is to improve the quality of people's lives through grants supporting the performing arts, environmental conservation, medical research and the prevention of child maltreatment, and through preservation of the cultural and environmental legacy of Doris Duke's properties.