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Money

How to raise money and how to put it to work for you – budgeting, financial drivers, resource allocation, fundraising

How should cultural organizations approach budgeting?

Michael Granof, a professor of accounting at the University of Texas at Austin, talks about the importance of relating dollars to objectives.

How should cultural organizations evaluate costs?

Michael Granof, a professor of accounting at the University of Texas at Austin, suggests that when making program decisions the only costs that really matter are those that will change as a result of the decision.

What are some common pitfalls to avoid when contracting out?

Michael Granof, a professor of accounting at the University of Texas at Austin, talks about the behavior of costs and the importance of clearly defining the activity to be outsourced.

What is a Logic Model?

Peter Frumkin, a Professor of Social Policy and Faculty Director of the Center for Social Impact Strategy, both at the University of Pennsylvania, explains the concept of logic models and how cultural organizations might use them.

How should cultural institutions approach the challenge of sustainability?

Peter Frumkin, a Professor of Social Policy and Faculty Director of the Center for Social Impact Strategy, both at the University of Pennsylvania, suggests that arts and culture organizations must develop flexible financial models.

How does the need for flexibility impact programming decisions?

Peter Frumkin, a Professor of Social Policy and Faculty Director of the Center for Social Impact Strategy, both at the University of Pennsylvania, talks about classifying all the things you do in terms of the financial and social return.

How should arts and culture organizations look at measuring their effectiveness?

Peter Frumkin, a Professor of Social Policy and Faculty Director of the Center for Social Impact Strategy, both at the University of Pennsylvania, discusses the importance of measuring multiple dimensions of organizational performance.

Has the existing nonprofit model outlived its usefulness?

Douglas McLennan, Editor of ArtsJournal, discusses the changing landscape for commercial and nonprofit arts and culture organizations.

What one financial question should leaders keep in mind at all times?

Tracy S. Harris, Chief Financial Officer of The BondFactor Company and NAS board member, talks about the importance of leveraging resources.

What effect has the economy had on the overall capacity of the arts and culture field?

Tracy S. Harris, Chief Financial Officer of The BondFactor Company and NAS board member, talks about the aftermath of the economic downturn.

What does economic recovery look like for the arts and culture field?

Tracy S. Harris, Chief Financial Officer of The BondFactor Company and NAS board member, talks about economic recovery for arts and culture organizations.