The COVID-19 Arts & Culture Relief Fund
As Denver arts organizations are hit with an unprecedented loss in revenue due to the coronavirus pandemic, Bonfils-Stanton Foundation and The Denver Foundation have teamed up to create an emergency fund aimed at helping mid-sized arts organizations survive this crisis.
Click here to read an announcement of the COVID-19 Arts & Culture Relief Fund.
Bonfils-Stanton Foundation has committed $1 million toward the COVID-19 Arts & Culture Relief Fund and The Denver Foundation, which will also administer the fund, will donate $50,000. Other early donors to the fund are Denver Arts & Venues at $205,000, Gates Family Foundation at $100,000 and PNC at $10,000. The fund also has commitments from individual donors, including Hal and Ann Logan and Jeremy and Susan Shamos, and seeks additional contributions from foundations, corporations, and individuals
According to national research gathered by Americans for the Arts (AFTA), the median loss for nonprofit arts organization in the country was $38,000 as of April 7, so clearly it is already much greater than that. With about 450 organizations in Colorado, that equates to a $17 million hit to the arts and culture sector across the state, the bulk of it in the Denver metro area. The losses will only continue to mount as arts performances and gatherings and fundraising galas are canceled and sales tax revenues decline as this pandemic continues into the summer.
Grants will be awarded of $5,000 to $50,000 per organization, with the goal of injecting much-needed revenue to keep organizations afloat. The COVID-19 Arts & Culture Relief Fund is currently in the fundraising stage, the application process will open in mid to late June.
Click here to support The COVID-19 Arts & Culture Relief Fund.