More arts groups transforming into Institutions of Public Character to encourage more donations
More arts groups are turning into not-for-profit organisations - specifically, Institutions of Public Character. From before the COVID pandemic to 2023, there has been a nearly 20% (17.3%) rise in arts groups getting this status. Doing so gives tax benefits to their donors, which could encourage more donations and provide more funding for their programmes and performances.
More arts groups are turning into not-for-profit organisations - specifically, Institutions of Public Character. From before the COVID pandemic to 2023, there has been a nearly 20% (17.3%) rise in arts groups getting this status. Doing so gives tax benefits to their donors, which could encourage more donations and provide more funding for their programmes and performances.
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