Arts & Business

Last updated
Arts & Business
Art&Business logo.JPG
Formation1976
PurposeArts education and support
Region served
United Kingdom
Website Arts & Business

Arts & Business is a charitable organisation whose role is to develop partnerships between the cultural and private sectors in the United Kingdom. Their aim is to increase investment for the arts from businesses and individuals, while encouraging the exchange of business and creative skills in both sectors. They go about this mission through programming in philanthropy, research, sponsorship, training, and consultancy.

Contents

History

Founded in 1976 as Association for Business Sponsorship of the Arts (ABSA), Arts & Business was based on a model developed in New York by David Rockefeller. The first organisation of its kind in the UK, ABSA pioneered business sponsorship of the arts in the UK.

Philanthropy

The Prince of Wales Medal for Arts Philanthropy was created in 2008 to honour leading philanthropists who have made an outstanding contribution to cultural organisations in the UK. [1] Five individuals or couples are honoured each year for the impact of their financial donations, leadership and support has had on a regional or national level. The honourees are presented their medal by The Prince of Wales at a ceremony at his private residence in November. Previous honourees include Lord and Lady Sainsbury and Dame Vivien Louise Clore Duffield, DBE.

The Big Arts Give is a challenge fund scheme to help arts organisations develop income from individual giving. This scheme, devised with The Reed Foundation and The Big Give aims to raise £3 million donated to the arts by Christmas 2010. [2]

Cultural Champions is a programme designed to promote personal philanthropy in the cultural sector. It acknowledges individuals who have made a voluntary contribution to the arts in England. [3]

The Arts & Business Awards

The annual Arts & Business Awards showcase partnerships and sponsorships between businesses and arts organisations in the UK. Categories include cultural branding, people development, community and young people, sustained partnerships, and business innovation as well as awards for individuals who sit on arts boards or act as arts fundraisers.

Research

Private Investment in Culture Survey or PICS is the largest single project they undertake and has been conducted in one form or another for 30 years. It is the world’s most comprehensive survey of investment trends from businesses, individuals and Trusts & Foundations. The findings tend to generate news coverage from the national press such as The Telegraph [4] [5] to trade press such as Arts Industry [6]

Some of their other work includes research produced by James Gilmore and Joseph Pine on branding and the arts. This research was published under the title Beyond Experience. [7]

Digital technologies are also currently being researched by Arts & Business with a focus on experimentation in digital marketing, new business models, fundraising and income generation.

Related Research Articles

Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors, which are public initiatives for public good, notably focusing on provision of public services. A person who practices philanthropy is a philanthropist.

Jacob Rothschild, 4th Baron Rothschild English peer, investment banker and philanthropist (born 1936)

Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild, is a British peer, investment banker and a member of the Rothschild banking family. He is also honorary president of the Institute for Jewish Policy Research.

The voluntary sector, independent sector, or civic sector is the realm of social activity undertaken by organizations that are non-governmental nonprofit organizations. This sector is also called the third sector, community sector, and nonprofit sector, in contrast to the public sector and the private sector. Civic sector or social sector are other terms for the sector, emphasizing its relationship to civil society. Richard Cornuelle coined the term "independent sector" and was one of the first scholars to point out the vast impact and unique mechanisms of this sector. Given the diversity of organizations that comprise the sector, Peter Frumkin prefers "non-profit and voluntary sector".

A social enterprise is an organisation that applies commercial strategies to maximize improvements in financial, social and environmental well-being. This may include maximizing social impact alongside profits for co-owners.

Joseph Louis Rotman,, was a noted Canadian businessman and philanthropist. Rotman was the founder, benefactor and member of many successful organizations, such as the Clairvest Group Inc., the Rotman Research Institute, the Rotman School of Management, and the Rotman Institute of Philosophy. Throughout his life, he received three honorary degrees, as well as an induction into the Canadian Business Hall of Fame. He is well-regarded for donating his time and financial assistance to numerous philanthropic causes including the arts, education and healthcare.

International Financial Services, London, usually shortened to just IFSL, was a private-sector organisation which promoted British financial services. It was merged into a new promotional organisation, TheCityUK, in 2010. It was formerly known as British Invisibles.

Social enterprise lending is a form of social finance which refers to the practice of offering loans and other financing vehicles below current market rates to social enterprises and other organisations pursuing social goals. This is often referred to as "patient lending," or financing with "soft" terms. Patient lending recognises that projects with social outcomes often reach profitability later than commercial projects. Softening the terms of a loan means that a social lender may offer provisions such as longer loan terms, lower interest rates and repayment "holidays" where capital and interest repayments are not due until the project is profitable. Social lenders might also offer small grants as part of an investment package.

World Database on Protected Areas

The World Database on Protected Areas (WDPA) is the largest assembly of data on the world's terrestrial and marine protected areas, containing more than 260,000 protected areas as of August 2020, with records covering 245 countries and territories throughout the world. The WDPA is a joint venture between the United Nations Environment Programme World Conservation Monitoring Centre and the International Union for Conservation of Nature World Commission on Protected Areas.

UK Community Foundations (UKCF) is a registered charity that leads a movement of community foundations committed to positive social change in the UK through the development of “community philanthropy”. Community philanthropy involves people from all parts of a community working together locally to use the financial and other resources available to them to improve others’ lives.

Localgiving is a membership network and online fundraising platform dedicated to supporting local charities and community groups in the UK.

Social Business Trust (SBT) is a registered UK charity established in December 2010 by Damon Buffini and social entrepreneur Adele Blakebrough MBE. The organisation provides grants and business advice to social enterprises based in the UK, in order to support the growth of selected social enterprises and help them to achieve greater social impact.

Sir Paul Martin Ruddock, is a British businessman, philanthropist and patron of the arts. He is a former Chairman of the Victoria & Albert Museum and Chairman of the University of Oxford Endowment.

Fisheries Research and Development Corporation

The Fisheries Research and Development Corporation (FRDC) is a statutory corporation that manages research and development investment by the Australian Government and the Australian fishing and aquaculture commercial, recreational and Indigenous sectors.

Vernon Ellis

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John Joseph Paul Studzinski, CBE is an American-British investment banker and philanthropist. Since September 2018 he has been Managing Director and Vice Chairman of the global investment-management firm PIMCO.

The Creative Industries Federation (2014-2021) was a national organisation for all the UK's creative industries, cultural education and arts. It advocated for the sector, aiming to ensure that the creative industries were central to political, economic and social decision-making.

Cardiff Capital Region City region in Wales

The Cardiff Capital Region is a city region in Wales, centred on the capital city of Wales, Cardiff, in the southeast of the country. It is a partnership between the ten local authorities of Blaenau Gwent, Bridgend County Borough, Caerphilly County Borough, Cardiff, Merthyr Tydfil County Borough, Monmouthshire, Newport, Rhondda Cynon Taf, Torfaen, and Vale of Glamorgan, local businesses in southeast Wales and other organisations. The regional city deal is funded by the UK Government and Welsh Government. The Cardiff Capital Region includes the cities of Cardiff and Newport, and most of the South Wales Valleys, with the region being coterminous with the area defined as South East Wales.

Neil Richard Balnaves was an Australian media executive and arts philanthropist. His production companies were responsible for bringing Big Brother and Bananas in Pyjamas to Australian television screens.

References

  1. The Prince of Wales Medal for Arts Philanthropy Archived June 13, 2010, at the Wayback Machine
  2. The Big Arts Give Archived June 11, 2010, at the Wayback Machine
  3. "City cultural volunteers are honoured | This is Plymouth". Archived from the original on 13 September 2012.
  4. Private Investment in Culture Survey Archived July 28, 2010, at the Wayback Machine
  5. "Private arts investment falls by seven per cent".
  6. "Arts Industry » Industry news » Private support of arts slumps for first time". Archived from the original on 2010-03-02. Retrieved 2010-06-08.
  7. "Beyond Experience". Archived from the original on 2010-09-17. Retrieved 2010-06-08.