SPREAD THE CULTURE
Check out Faye Cohen’s post to her blog Toughlawyerlady!
Philadelphia cultural and art institutions have relied for years on the generosity of only a few foundations and very wealthy individuals or families. There was a recent story in the local newspaper discussing how these donations have decreased and will continue to diminish. There are various reasons for this. For example, after a wealthy donor died, her surviving family members who no longer have geographical ties to this area, decided to direct their donations to other needs and concerns in the areas that they live
As a result of the dearth of funds from standard sources, these institutions are seeking new individuals, foundations and businesses to donate to them. So who are they seeking? They are looking to for similar donors as the ones who supported them previously. But, the contribution interests of people and foundations have changed. Many Internet millionaires and billionaires, for example, who are often younger than…
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