News & Events

June 19, 2019

As arts institutions in the US and the UK come under increasing fire for their relationships with donors who have controversial business ties, one arts organization thinks activists might be missing the forest for the trees. “While there is a cry about comportment of individuals, it’s not as core to the institution as what the institution is doing with its own money,” says Maxwell Anderson, the president of Souls Grown Deep, a nonprofit dedicated to promoting the work of African American artists from the South.

June 19, 2019

The Souls Grown Deep Community Partnership (SGDCP), the sister organization to Souls Grown Deep Foundation, announced today that it is committing $1,000,000 to impact investments as part of Upstart 2.0, a new initiative led by Upstart Co-Lab, a project of Rockefeller Philanthropy Advisors. Impact investments are made with the intention to generate positive, measurable social and environmental impact along with financial return. Souls Grown Deep Community Partnership is the first cultural institution to make a 3-year commitment to work with Upstart Co-Lab and target financial capital to investment opportunities aligned with art, design, heritage, culture, and creativity. Souls Grown Deep will specifically promote racial and social justice and economic opportunity through impact investment in funds, businesses, and real estate projects within the creative economy.

June 18, 2019

In an art market that commands more than $150 million for an Amedeo Modigliani, or more than $90 million for a David Hockney—a living artist—how can even the most well-endowed museum compete?