Why All of Us Should Be Fundraising in Nonprofit Arts

www.clydefitchreport.com: Nonprofit arts organizations face a long list of challenges these days, from declining participation to increasing competition from a broad range of live and digital options. And then there’s Baumol’s cost disease, which suggests that because there are no productivity gains over time in the way that art is created, and given that costs are always increasing, producing organizations are falling further and further behind every year in terms of their financial sustainability. This means, through no fault of their own, that arts organizations have to raise more money each and every year just to stay even.