The Role of Philanthropy in the Creative Economy

The creative arts and culture economy plays an integral role in society and is vital to the social and economic fabric of communities. A thriving cultural economy enhances people’s quality of life – through intellectual stimulation, enriching perspectives, and opportunities for community engagement. However, the creative ecosystem often finds itself limited by its resources, or lack thereof. Studies have shown that an estimated $14.6 billion has been lost by the sector in November 2020, as a result of the COVID-19 pandemic. Philanthropy can have a catalytic and transformative impact through providing much-needed funding, resources, and creative support that aids in building a cultural economy. Effective philanthropy has a substantial role to play in ensuring the sector continues to thrive and in contributing towards the broader social and economic well-being of society.

In partnership with ADMAF, this panel discussion will convene industry thought leaders to explore the role of philanthropy in the creative arts and culture economy. Subject matter experts will unravel the benefits and returns of investing into social communities through art.

Stayed tuned to learn more details and on how to register for this event. To express preliminary interest, kindly email avadsaria@pearlinitiative.org.

Kindly note that this is a closed event for Circle network members. If you are either an individual or institutional philanthropic donor and are interested in being a Circle member and/or joining the event, please contact us at snair@pearlinitiative.org. Visit the Circle site to learn more about the network.