Seattle Arts Report: Corporate Gifts Down Most

March 10, 2009, Seattle Times — The recession is hitting Puget Sound arts and cultural organizations hard, calling for bold steps to manage through the crisis, a study of local arts groups found.

Endowments and contributions are down anywhere from 5 to 50 percent.

Corporate contributions have fallen 20 to 50 percent overall, and in several cases dropped completely. Gifts from foundations and individuals have declined less, anywhere from 10 to 25 percent, the report shows.