New and alternative financial instruments [Recurs electrònic] : final report for mission, models, money : catalysing a more sustainable arts and cultural sector / by Margaret Bolton and David Carrington
Publication details: [London] : [Mission, Models, Money], [2008]Online resources: Summary: This report considers methods of financing arts and cultural organisations (A&COs) which extend beyond the mainstays of contributed income including grants, ticket sales and other earned income. This is not because alternative methods can replace reduced contributed income or compensate for declining earned income for example, from box office but because they can complement them. And by complementing them, they can help arts and cultural organisations become more sustainable and better able to take creative risks. So what is meant by ‘new and alternative financial instruments’? At the stage of project initiation we considered that the main focus of the report would be access to loans, equity and quasi equity finance (see the glossary). However, as the project developed a range of experts from both financing and A&COs encouraged us to look much more broadly and our case studies in section 3 include barter and exchange arrangements, public service contracts and endowments. The purpose of the report is not to promote particular tools but to prompt A&COs to think more broadly about the range available and to encourage them to use them creatively and well in support of their mission. We should stress at the outset however, that this latter objective involves a leap of faith. It is clear from our research that there are issues and problems that need to be resolved before A&COs work confidently with a range of new financial tools. Many of the problems are problems of perception for example, about what charities – the legal structure used by most not for profit A&COs - can and can’t do. However, others signal capacity issues that need to be addressed if A&COs are to be able to survive and prosper in an ever more competitive funding environment. In addition to arts and cultural organisations, the report addresses finance providers and infrastructure or second tier organisations. It seeks to encourage funders and financiers to review their funding policy and practice and infrastructure or second tier organisations to consider what advice, information and support they might best be providing. The report is based on: • Initial research examining use of loan, equity and quasi equity finance by A&COs ; • A meeting with individuals involved in providing finance to charities and other organisations with social purposes; • A meeting with mature A&COs; • The comments of these two groups on a draft of this paper. (Font: Introdució)| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode | |
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e-Book
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Centre d' Informació i Documentació del CERC Repositori digital | General | E-08_0128.pdf | 1 | Available | 1200080128 |
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1. Introduction -- 2. The challenge -- 3. Alternative forms of financing -- 4. Issues & problems: perspectives of A&COs -- 5. Issues & problems: perspectives of funders/investors -- 6. An outline action plan -- Annex: the financing of A&COs -- Glossary
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