Arts & Culture Loan Fund

Rolling Submissions

MacArthur

$100,000

Description

The Arts & Culture Loan Fund, sponsored by the MacArthur Foundation and administered by IFF in partnership with BDO Nonprofit & Education Practice, is designed to support small and medium-sized arts and culture organizations. This fund offers loans to address cash flow shortages and strengthen the financial capacity of its borrowers. The primary objectives are to provide working capital loans for short-term needs, enhance organizations' understanding of cash management and budget cycles, and help them build a strong institutional...

Award Ceiling$100,000Award Floor$50,000

Eligible Applicants- Non-Profit

Additional Eligibility Information

Applicants must be a current general operating support grantee of MacArthur's Culture, Equity, and the Arts program or have received a grant from A Road Together.

Funding TypeloanCategories of Funding Activity- Arts and Culture

Grantor Contact InformationContact IFF for loan application details.Grantor Email.Other Grantor InformaitonThe MacArthur Foundation is known for its support of creative individuals and effective institutions working to build a more just, verdant, and peaceful world. It provides grants and low-interest loans to organizations across various sectors, including human rights, environmental conservation, and social innovation. The foundation is also recognized for its MacArthur Fellowships, which invest in talented individuals with exceptional creativity and potential. By nurturing a wide array of projects, from community-based initiatives to global programs, it aims to catalyze transformative change at scale. In addition, it seeks to inform policies and practices through research and evidence-based solutions. Its overarching philosophy emphasizes the power of human ingenuity to address critical global issues.

Additional informationThe MacArthur Foundation has partnered with IFF and BDO Nonprofit & Education Practice to support arts and culture organizations in building their financial capacities through these loans. Additionally, Fifth Third Bank assists in the underwriting and servicing of these loans. Additional URLs:

https://www.macfound.org/programs/enduring-commitments/chicago-commitment/arts-culture-loan-fund-guidelines

Supporting Linkhttps://www.macfound.org/programs/enduring-commitments/chicago-commitment/arts-culture-loan-fund-guidelines

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