Investing in organizations to pursue an artistic risk.
What does artistic risk look like? What kind of support is needed to allow organizational risk taking?
In 2012, Barr and the Klarman Family Foundation launched the Barr-Klarman Arts Capacity Building Initiative. Its goal was to strengthen the long-term financial health of a group of 30 Boston-area arts organizations. Over five years, the foundations provided unrestricted operating grants, complemented by training and technical assistance on topics the organization leaders identified as priorities. Along the way, they grappled with the question:
- What’s the capital structure that best supports our mission, and that enables us to be nimble and adaptive to a changing environment?
The resulting discussions lead to an exploration of organizational and artistic risk-taking, particularly what it meant to experiment with new ideas, ways of working, cultural expressions, and ways of reaching different audiences. What are the ways that artistic risks can manifest?
So as part of the Initiative, the foundations also established an artistic risk fund, with the purpose of providing risk capital for projects that would take organizations out of their comfort zones, that had potential to change how they worked.
Seven Stories of Taking Artistic Risks
To document the journey and impact of the seven projects that were funded, we commissioned a series of videos. Each video centers on one organization and, through the eyes of its leaders, tells the story of their organization, the risk they pursued, what happened, and what they learned. We hope their stories engage and inspire you as they did us, so that others might pursue (and support) more of this kind of work.