Monday, February 16, 2009

Non-Profits Anxious for Stimulus Package

Today, President Obama is expected to sign the multi-billion dollar economic stimulus package. All sectors of society are waiting-more like hanging on for dear life for the benifits of these measures to reach them. Non-profit organizations are especially strained for funds and other resources due to reduced giving trends and organizational cutbacks.

In response to the budget strain, Michigan Governor Granholm is cutting back nearly all arts and cultural grant funding. In addition the Governor is recommending increasing the non-refundable grant application fee from $300 to $1,000. This move will make it nearly impossible for smaller organizations to apply for the very small pool of arts funding still available through the State.

Smaller organizations that relied on these grant funds in the past will need to cut back their services and/or join forces with other arts organization as well as seek funding from other sources.

Non-profits will have to continue hanging on until the benefits of the stimulus package are realized at a local level. That will likely take more time.