The following two blogs by Helen Goulden and Caroline Mason were originally published on the Arts Impact Fund blog, and are great posts for this week’s Blog Salon on Corporate Social Responsibility.
Advancing the Art of Finance Helen Goulden, Executive Director, Innovation Lab, Nesta
The Arts Impact Fund is a new £7million fund that brings together public, private, and charitable investment to support arts organizations in England and the first of its kind to focus on their social, artistic, and financial return. The fund was created and funded by Bank of America Merrill Lynch, Esmée Fairbairn Foundation and Nesta, supported by Arts Council England and with additional funding from Calouste Gulbenkian Foundation. It was convened with the help of the Cabinet Office, to demonstrate the significant social value created by arts organizations and support their work through loan finance. Read the rest of this entry »