Facilitating enduring creative collaborations between organizations and artists
Cultural Land Trust is a timely model in cultural philanthropy, where a non-profit real estate operation is established with the sole purpose of making property ownership attainable for cultural non-profits, while preserving it in cultural use indefinitely. The Cultural Arts Stabilization Trust (CAST, https://cast-sf.org/) in San Francisco offers valuable lessons from its first decade: The extent of an organization's embeddedness in its surrounding community emerges as the primary criterion for selecting partner organizations. This marks a significant departure from common due diligence approaches that prioritize an organization's financials and programs. Community arts organizations cannot thrive without artists. If artists are priced out of the organization's locality, it cannot flourish, even if its financial situation stabilizes. Consequently, supporting artists is inseparable from supporting organizations. #CulturalLandTrust #ArtPhilantropy #ArtAndRealEstate #HybridArts
“While no two arts organizations are alike and each partnership requires tailoring to each individual situation, CAST ultimately seeks to create models that can serve as templates for other organizations to replicate in other neighborhoods, cities, and even countries." Read “Lessons from 10 Years in Cultural Real Estate,” a new report that outlines five key takeaways from Community Arts Stabilization Trust’s first decade of success in securing space for arts and cultural organizations in the Bay Area.
