What is the Arts & Culture Loan Fund?
The Arts & Culture Loan Fund is a MacArthur Foundation-funded program that helps small and medium-sized arts and culture organizations manage the uneven cash flow resulting from the timing of production costs, ticket sales, and grant and government revenue, as well as strengthen their financial capacity through group and one-on-one training.
- Operating loans to manage the uneven cash flow resulting from the timing of production costs, ticket sales, and grant and government revenue. Loans range in size from $10,000 to $150,000 with a one-year term, with potential for renewal. The interest rates vary.
- A series of free group workshops and one-on-one coaching to hone your financial acumen and network with other arts and culture nonprofits.
- Free technical assistance tailored to address your organization’s specific needs. Let the experts at FMA take on a financial project or two that you just haven’t had time for or aren’t sure how to handle.
Is your organization eligible?
The program is open to Chicago-area arts organizations that are grantees of the MacArthur Foundation or the MacArthur funds at the Prince Charitable Trusts and the Richard H. Driehaus Foundation. Your organization must have an annual budget between $250,000 and $5 million.
How can you participate?
You may access single or multiple program resources, depending on your organization’s needs.