“Starlight Square”. Photo courtesy of the Central Square Business Improvement District.
The Cambridge Community Foundation (CCF) and the City of Cambridge have joined forces to launch a new Cultural Capital Fund with over $600,000 to address urgent needs in the local arts and culture sector as an initial step. The Foundation also commits to building an endowment for the arts and culture sector, targeting $5 million over five years, to protect the city’s cultural richness over the long term.
As the first major donor to the Cultural Capital Fund, the City of Cambridge has allocated $500,000 from the Mayor’s Disaster Relief Fund to provide grants to local arts organizations of up to $25,000 for capital improvements necessary due to the COVID-19 pandemic and up to $10,000 for operations and programming during the COVID-19 pandemic through the new Fund.
In this first round of grantmaking, the Foundation will distribute funds through the Mayor’s Disaster Relief Fund and additional grantmaking rounds will follow as new funding becomes available. CCF is thankful to also receive a generous $100,000 gift from the Wagner Foundation, a long-time supporter, to address urgent needs in the local arts and culture sector, with a focus on the Central Square Cultural District.
For anyone interested in contributing to the Cultural Capital Fund, please scroll down to learn more.
Applications from organizations with 501(c)(3) status or a fiscal sponsor with 501(c)(3) status will be accepted on a rolling basis, beginning Wednesday, October 28, and the first round of grants will be administered in mid to late November.
Please send any questions to [email protected]
The Fund – the first of its kind – serves as a central channel for donors and other stakeholders to pool their resources into a common purpose: to meet the immediate needs of artists and arts organizations and to preserve the viability of the arts ecosystem.
Before the pandemic, the arts and culture sector was a $174.8 million per year contributor to the Cambridge economy and central to its vitality. We must act now — together, we can preserve and nurture the arts and culture vital to our community. Please support the arts through the Cultural Capital Fund. Donate here.
For donors interested in supporting the Cultural Capital Fund, please contact Michal Rubin, vice president of Development at [email protected].