Working capital grants are automatically calculated for eligible organizations based upon the budgets they submit to the Commission with their general operating grants each March. Eligible organizations will also be asked to submit information which substantiates the retention of previous working capital grants. If your organization has, or begins, its own endowment fund, you can use Arizona ArtShare in leveraging additional gifts. One, it stays with your organization, in your control, helping you with your long-term goals. We simply ask organizations which do have endowments to complete a simple form once a year reporting new gifts to your endowment so that we can track the match.
Some organizations already have or are planning to develop endowments.
Contributions to these endowments support the individual organization and also count as part of the match for the state endowment. If you're considering starting an endowment, but haven't moved forward yet, be sure you ask the right questions of your organization. Beginning an endowment is a big step and is not appropriate for all arts organizations. There are other questions that should be answered.