“If you have been following the news about arts funding, you have reason to be concerned. A vast pool of private, public, and philanthropic capital has gone down the drain in the US, and elsewhere, in the “Great Recession”—with predictable consequences. What’s more, we may be on the cusp of a generational shift in giving priorities. “I am not optimistic that a restoration of the market and the economy will necessarily augur well for renewed or increased support of arts and culture, governmental or private,” says Charles Bergman, chairman and chief executive of the Pollock-Krasner Foundation, echoing a widely shared concern. Arguments that used to work on behalf of the arts no longer always do. And the arguments advocates are using instead all too often miss the point, by making roundabout claims that ignore what makes art appealing on a gut level.”
More at “Funding: the state of the art” in The Art Newspaper.