Cultural Investment Portfolio takes a fresh approach to unrestricted
funding for nonprofit arts, humanities, and interpretive science
organizations in Massachusetts.
The primary purpose of MCC's Cultural Investment Portfolio is to strengthen the cultural sector as a whole. State investment in nonprofit arts, humanities, and science organizations
yields returns in economic impact and increasing public access,
according to the information gathered from the Massachusetts
Cultural Data Project. In Fiscal Year 2014 MCC invested $4 million in 400 nonprofit arts, humanities, and science organizations though the Cultural Investment Portfolio. In turn these organizations:
Pumped more than $1 billion into the state’s economy through direct spending
Employed 16,700 full-time and part-time workers who paid more than $32 million in payroll taxes
Employed another 14,000 independent contractors
Delivered public programs that drew more than 20 million people. Nearly half of these individuals attended for free!
Served nearly 3.7 million children with arts, history, and science education programs through school partnerships and afterschool programs
Generated more than $138 million in individual contributions from residents of Massachusetts and beyond
These numbers demonstrate that the citizens of Massachusetts are getting a return on this investment in our cultural sector through public value and economic impact.
The Cultural Investment Portfolio is not a traditional grant program, but a partnership that will better position the cultural sector as vital components of Massachusetts’ economy and the quality of life of our citizens.