Our mutual objective is to strengthen the skills of the Irish cultural sector to generate new funding streams from non-public sources more effectively. This is an increasingly important factor which will ensure our rich cultural heritage thrives into the future.
New Stream is a landmark venture, established in 2009. For Bank of America Merrill Lynch this marks an opportunity to further extend their knowledge of investing in the arts, and apply this in other places.
The project is based around five individual streams of activity which provide subsidised access to training, strategy development and information, while providing a platform for greater collaboration in the sector.
- Stream 1 ~ Training with DeVos Institute for Arts Management at the Kennedy Center & ForImpact.org
- Stream 2 ~ The Development Managers’ Forum
- Stream 3 ~ Brown Bag Briefing Sessions
- Stream 4 ~ The Knowledge Centre
- Stream 5 ~ The New Stream Strategy Fund
New Stream continues to develop based on feedback from participants, and is evaluated in association with the UCD-based MA in Cultural Policy and Arts Management. This ensures that it achieves high standards and continues to evolve through identifying opportunities for improvement and change.
As part of the evolution of the New Stream programme, Business to Arts has commenced a 24-month Arts’ Fellowship Programme in partnership with Dublin City Council’s Dublin Culture Connects for new Fundraising or Marketing & Fundraising Executives. The Fundraising Fellowship, Dublin programme offers four small-to-medium sized arts, cultural or community organisations part-funding toward the employment of full-time fundraising or marketing & fundraising human resources contracted over a 24-month period. The recruited Fellows will take part in a structured programme of training and mentorship as part of the Fellowship.
To date, participants in New Stream have raised in-excess of €15.7m as a result of the skills and learning implemented during the programme.
New Stream is funded by Bank of America Merrill Lynch and by continued support of Business to Arts membership, the Department of Arts, Heritage and the Gaeltacht and the Ireland Funds.
Without the support of these organisations we would have been unable to create the significant impact that has been achieved with the project. We acknowledge the role of each of our supporters in enabling us to deliver these outcomes.