The Arts and Culture Loan Fund is a program designed to help small- and medium-sized arts and culture organizations in Chicago to manage uneven cash flows and strengthen financial capacity. The program includes the opportunity to access an operating line of credit, as well as financial management workshops, customized coaching, technical assistance on financial projects, and conversation on incorporating diversity, equity, and inclusion into your organization’s operations.
The program is funded by the MacArthur Foundation and administered by IFF in partnership with BDO FMA LLC (formerly Fiscal Management Associates).
What’s included in the program — and how do I apply?
To be eligible for the Arts and Culture Loan Fund, organizations must be current MacArthur Arts & Culture grantee, either directly or through one of the MacArthur Funds at the Prince Charitable Trusts or the Richard H. Driehaus Foundation. Additionally, organizations must be a 501(c)(3) nonprofit arts organization in Chicago with a budget size between $250,000 and $5 million.
Eligible participants have the option of tapping into one, some, or all of the program’s components depending on their organizations’ specific needs. If you are interested in the program but would like support in identifying which components are the best fit for your organization, please fill out the following interest form and a member of our team will reach out to you.
The Program Includes:
1. Operating Line of Credit
2. Free Financial Management Workshop Series & Customized Coaching
3. Free Technical Assistance
3. Diversity, Equity, and Inclusion Support
How to Apply
Complete this form to get started or email [email protected].
Deadline is MARCH 9 to participate in the Financial Management Workshop Series.