Displaying items by tag: public funding

Germany's federal parliament, the Bundestag, has granted Munich's Haus der Kunst €20 million ($21.4 million) in funding towards the historic building's upcoming renovation, the Bavarian State Ministry of Education, Science and the Arts has announced in a joint statement with the museum.

The federal government money brings the total public funding to €78 million ($83.7 million), after the Bavarian government already pledged €58 million ($62.2 million) to the crucial modernization work in 2012.

Art Basel sent around a press release this morning to announce their new partnership with Kickstarter, the culture crowdfunding site:

The Art Basel Crowdfunding Initiative will aim to catalyze international support for non-profit visual arts organizations worldwide by promoting outstanding projects to Art Basel’s extensive global audience.

With this new initiative, Art Basel will support the non-profit sector of the artworld, at a time when public funding for the arts has been dwindling. Designed specifically for non-profit arts organizations, the Art Basel Crowdfunding Initiative will offer visibility and support for a wide variety of artistic projects, including non-profit exhibitions, public installations, films, artist books, education programs, artist residencies, talks, conservation and archiving, and other innovative art projects.

The General Motors Foundation has donated a $1 million grant to Lonnie G. Bunch, the founding director of the Smithsonian’s National Museum of African American History and Culture. The museum is currently under construction and is slated to open next door to the Washington Monument in late 2015. Oprah Winfrey, the Bill and Melinda Gates Foundation and American Express have already made substantial contributions to the museum.

Construction began on the $500 million museum back in 2012 and the project’s cost will be evenly split between private and public funding. So far, approximately $400 million has been raised. The museum’s collection will be comprised of objects from across the country that come together to tell the stories that make up the African American experience. The National Museum of African American History and Culture is the only national museum dedicated exclusively to the documentation of African American life, art, history and culture.