News & Stories

More Than $2,700,000 Has Been Committed to 158 Artists' Projects

February 18, 2003



NEW YORK, NY (February 18, 2003) – Creative Capital Foundation, a New York-based nonprofit arts organization, offers a unique long-term system of support for individual artists working in the United States. Since its founding in 1999, it has committed more than $2,700,000 to 158 artists’ projects. In 2002 alone, 40 new projects received commitments (ranging from $5,000 - $25,000) totaling $601,000. The organization, which provides both artist services and financial support throughout the life of each Creative Capital project, strives to respond to the varying needs of artists by offering multi-faceted financial assistance to its grant recipients. After receiving an initial award, grantees are eligible for three kinds of additional funding: Strategic Financial Support: Each project is guaranteed an additional $5,000 which may cover technical, administrative, or promotional needs. Grantees have used this money to buy computer and video equipment, to hire assistants, to cover the cost of promotional materials, or to hire fundraising and marketing consultants. Strategic Financial Support totaling $790,000 has been allocated to 158 projects since Creative Capital’s first grant round in 2000. Special Opportunities Funding: Artists may request up to $2,500 in Special Opportunities Funding to help them participate in career-enhancing events as well as to take advantage of other opportunities to maximize the impact of their projects. This award is most often used to cover project-related travel expenses and attendance at conferences and festivals. As of December 2002, $140,728 of Special Opportunities Funding has been awarded. Follow-Up Project Support: Once significant progress has been made on a project, grantees have the opportunity to request additional support (up to $20,000) for the production and presentation of their project. Priority is given to projects that have the most potential for widespread artistic or cultural impact. As of December 2002, $400,000 of Follow-Up Project Support has been committed. With more than $500,000 in direct financial support committed for 2003, in just three grant cycles, Creative Capital will have awarded in excess of $3 million directly to 158 artists, making the average amount of direct financial support more than $20,000 per artist. 
A list of grantees that received additional funding in 2002 is available upon request. Visit Creative Capital online at www.creative-capital.org for more information. About Creative Capital Founded in January 1999, Creative Capital Foundation is a national nonprofit organization that supports individual artists pursuing innovative approaches to form and content in the fields of performing, visual, literary, and media arts, as well as in emerging arts fields. For more information on funded projects, visit www.creative-capital.org

Download News Item

Back to Listing