An Artist Led Conversation in New Orleans
The Music in Us: Art, Inspiration & Health
On Saturday, September 29th the CultureBank team travelled to New Orleans to meet with an immensely generous and remarkably diverse group of artists and innovative investment leaders: Andrea Chen of Propeller Group, artist and activist Jayeesha Dutta, writer Freddi Evans, activist and writer Kelly Harris, Megan Holt of One Book One New Orleans, Adele London of the Good Work Network, Kate McCrery of Loyola University, Cherry Rangle of the Foundation for Louisiana, artist Nick Slie, and Chief Shaka Zulu. Clyde Valentin of Ignite Dallas, who is working on the CultureBank pilot in Dallas, also joined us.
SOCAP Podcast: Money & Meaning Features CultureBank!
My son was diagnosed with type 1 diabetes when he was four years old. For me as his mom, there was something indelible about that exact moment — the innocent before and the altered after when you learn that your baby has something he’ll have to carry all his life, and that it will be hard, sometimes very hard.
CultureBank awarded the Meadows Prize!
Deborah Cullinan and Penelope Douglas join our collaborator David Erickson of the Federal Reserve Bank of San Francisco on SOCAP’s podcast series.
How the Federal Reserve Bank is Collaborating to Shift Culture
The Meadows School of the Arts at Southern Methodist University awarded its 2018 Meadows Prize to CultureBank, a San Francisco–based initiative establishing a new investment model in Dallas to provide support for artistic enterprises that help the community. Dallas is one of several cities in a national CultureBank pilot program.
CultureBank and Impact Experience
For twenty-plus years, I worked in social finance and community development investment. Three years ago, I decided to strike out in a new direction with my work. In short, I had become frustrated and deeply concerned about the structures and systems of community investment in the United States.
On February 10, 2018, Impact Experiences and CultureBank convened a group of ten artist entrepreneurs from around the country along with enlightened investors, funders, and social finance experts for a day of education and exploration around the CultureBank model.
CultureBank: A New Paradigm for Arts and Community Investment
CultureBank is a new investment paradigm for the arts. Across the country, social impact artists are inspiring, empowering, and improving our communities. Yet, it has been challenging to bring these powerful projects to scale because traditional arts funding models don’t reward creative entrepreneurship and potential investors are motivated by financial returns on investment (ROI). At CultureBank™, we believe that community impact should be an equally, if not more, valuable metric. If we provide artists with capital from new and unexpected sources, and if we fundamentally change the definition of ROI, we’ll enable more artists to create lasting social and economic change in more communities.
Yerba Buena Center for the Arts (YBCA), where I have the honor of working, embraces its role as a citizen institution with a mission to generate culture that leads to individual and societal movement. Inspired by author, Executive Director of Stanford’s Institute for Diversity in the Arts, and YBCA board member Jeff Chang (Can’t Stop Won’t Stop, Who We Be, We Gon’ be Alright), we believe that culture precedes policy and cultural movement catalyzes lasting change.