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The Arts Benchmark

The Arts Benchmark

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These are slides related to the mycake.org Arts Benchmark pilot
These are slides related to the mycake.org Arts Benchmark pilot

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Published by: Mission Models Money on Oct 25, 2010
Copyright:Attribution Non-commercial

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10/25/2010

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sarah@mycake.org
The Arts Benchmark
 
sarah@mycake.org
Two types of activity
First order:
The creative coreGrant fundedNot expected togenerate a financialreturnDelivers a cultural &social returnIntrinsically connectedto the expert labour force in the organisationEg -exhibition
Second order:
Takes assets accrued infirst order Seeks to develop theminto products & servicesthat have a commercialvalueDisconnects fromlabour costs and istherefore more scalableEg -merchandise
 
sarah@mycake.org
The trouble is «
The pot of funding to pay for first ordeactivities is decreasing
 ±Less got money ±Private Foundations endowments are worth less
But even in good times it was hard to addvalue to supply side cash
 ±You only get X% of the cost of delivery ±No (profit) margin so don¶t have spare to pay for new & speculative

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