Corporate Giving Declines
Corporate giving to theatres has significantly decreased due to a shift in focus towards social and political causes [2]. This decline, coupled with potential cuts to federal funding for the arts by the Trump administration and Congress, has forced many theatres to seek alternative funding sources [2]. Theatres are actively working to attract attention and build relationships to secure financial support [1].
Creative Funding Strategies
Some theaters are proactively seeking to build personal relationships with program officers and create noteworthy productions [1]. One individual noted that it is their duty to be persistent in the pursuit of funding [1]. Organizations like Crowded Fire and Mosaic are part of a five-theatre group alongside Cleveland Public Theatre, Company One in Boston, and Perseverance Theatre, all striving to gain recognition and financial backing [1].
TL;DR
- Corporate giving to theatres is declining due to a shift in focus towards social and political causes [2].
- The Trump administration's policies threaten to further reduce federal arts funding [2].
- Theatres are actively building relationships and producing quality work to attract private funding [1].
- A new play called "Denouement" features millennials facing their demons as the world ends [3].