Chairman of the DeVos Institute of Arts Management Michael Kaiser visits Dublin to speak with NEW STREAM participants
From left to right Karen Philips, Eibhlin Gleeson, Matthew King, Nathalie Weadick, Gerard Keenan,Michael Kaiser, Andrew Hetherington, Deborah Kelleher, Claire Mulhall, Aoife Flynn, Cliodhna Shaffrey, Sian Cunningham
Arts Management specialist & Chairman of the DeVos Institute for Arts Management at the University of Maryland Michael Kaiser flew into Dublin this week to speak at the latest NEW STREAM seminar held at the RDS. NEW STREAM is now in its seventh year and Business to Arts as part of its annual NEW STREAM review has released its key findings on arts fundraising trends in 2016.
There were 316 participants in New Stream events in 2015, a 27% increase on 2014. This reflects a focus on increased demand from the cultural sector for sponsorship and fundraising training and in-depth capacity building for cultural organisations. Over €15.7 million has been raised in cash/in kind by NEW STREAM participants. This represents a return of €23 for every €1 invested in New Stream by partners involved.
The main barriers to implementing strategic and fundraising plans identified by participants in New Stream remain turnover of key leadership and fundraising staff; a lack of succession planning for key staff, limited staff capacity/numbers for effective fundraising and marketing, insufficient time and human resources needed to effectively implement fundraising/strategic plans.
Chief Executive of Business to Arts, Andrew Hetherington states:
‘Business to Arts calls for greater private sector engagement and support of arts and culture. With this investment it also imperative that cultural organisations invest and understand the importance and benefits of investing in human resources dedicated to fundraising and succession planning for key roles.’