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Thu August 2, 2012
LexArts Thrives Despite Recession
LEXINGTON, Ky. - While businesses, government agencies, and charities struggle to emerge from the recession, one Lexington nonprofit is not only weathering the storm but breaking fundraising records.
Last year its fundraising efforts brought in just over a million dollars, a new record. This year the totals have jumped another 4 percent. With strong community support, LexArts’ Fund for the Arts has been able to provide base funding for well-established organizations such as the Lexington Children’s Theatre and the Lexington Philharmonic, which received $165-thousand dollars and smaller arts projects such as Balagula Theatre and the Chamber Music Festival.
"Our smaller grants can be the single largest gift these groups receive," says Jim Clark is president and CEO of LexArts. He adds that individual giving accounts for much of the growth.
"The corporations have remained fairly steady in their commitment to the arts. We saw about a 2 percent growth, but in individuals we saw about a 15 percent growth."
Clark says the totals show Lexington remains deeply committed to the arts.