Thursday, July 13, 2017
Feds Use Arts Funding to Subsidize Billion-Dollar Nonprofits
At Free Beacon
The National Foundation on the Arts and Humanities is giving millions of taxpayer dollars to nonprofits with assets of over $1 billion.
OpenTheBooks.com, a transparency watchdog group, released a report this week highlighting egregious examples of arts funding going towards museums, universities, and nonprofit organizations that hardly need federal funding.
The National Foundation on the Arts and Humanities issued $20.5 million in grants to "asset-rich" nonprofit groups with assets of $1 billion or more in 2016 alone.
The foundation is the umbrella organization for the National Endowment for the Arts (NEA), the National Endowment for the Humanities (NEH), and the Institute of Museum and Library Services (IMLS).
"Why are taxpayers funding nonprofits that have assets of at least $1 billion?" OpenTheBooks.com said. "Do charities have a right to public funding no matter how strong their balance sheet?"
More Free Beacon by Elizabeth Harrington