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. According to a one-year snapshot, roughly
400 organizations funded by the Massachusetts Cultural Council
Pumped $1.2 billion into the state's economy through direct spending.
Employed more than 14,000 individuals, full-time and part-time
Employed another 13,700 independent contractors
Delivered public programs that drew nearly 29 million people - more than 18 million attended for free!
Served 3.6 million children with arts, history, and science education programs.
Generated more than $121 million in individual contributions from residents of Massachusetts and beyond.
The MCC invests about $4 million in these 400 organizations annually. 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.