In the world of arts funding, the star roles are played by banks, with the lead role in the hands of Bank of America Corporation, 2012 BCA 10 honoree. As a Founding Member of the Museum of African American History and Culture in Washington, DC and Global Sponsor of the Chicago Symphony, Bank of America’s arts scope reigns vast and inclusive. In fact, twenty-two percent of performing arts organizations have reported a partnership with Bank of America.
As such, bank partnerships with arts don’t stop there. KMPG, US Bank (2015 BCA 10 honoree), and JPMorgan Chase round out the top 5 art-sponsoring banks, each partnering with 11% of performing arts organizations. With astounding numbers like these, it’s clear to see how an IEG research led to the conclusion that banks are 11.4 times more likely to sponsor the performing arts than the average of all sponsors. Here are the banks that are following suit, with the percentage of arts organizations they are involved with:
Furthermore, the study illustrated that the amount given to the arts—both visual and performing—has been steadily increasing and is projected to reach a total of $970 million for this year. In this way, Bank of America and its supporting cast are not only making themselves known, they are truly creating a legacy teaming with vitality and vibrant culture.
(All numbers and image are taken from IEG research findings)