US Artists Foundations Have Become a $7 Billion Philanthropic Force

The explosive transformation of this sector has been carefully tracked by the Washington, DC-based Aspen Institute, which has just released its latest findings for 2018. The new figures suggest that even though artist-endowed foundations represent only a small portion of all private foundations in the US, they are able to make an outsize impact in the relatively modest world of art philanthropy and have become an increasingly influential force stewarding the country’s artistic heritage.

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