Business and the Economy
Funding Increases for LexArts
A more than $28,000 grant from the Kentucky Arts Council is the largest award LexArts has received from the state agency in a few years. The arts council recently announced its funding allotments to 100 non-profit groups across Kentucky.
LexArts CEO Jim Clark says his organization is being cautiously optimistic about overall fundraising efforts.
"In a recent report that I read with the Chronicle of Philanthropy, it indicated that the fundraising outlook is going to remain fairly flat for the next three to four years."
LexArts dodged a bullet when the Urban County Government passed its current budget. A proposed 20 percent cut turned out to be much smaller, mainly due to a challenge grant that was met and Lexington Mayor Jim Gray donating part of his salary.
LexArts will use the funding to support events like Gallery Hop and programs like the Balagula Theatre and Institute 193.