iEDM integrate Design, Engineering and Delivery Management services to convert existing spaces into exciting new entertainment venues. Our team consists of highly qualified professionals with diverse…read more
Performing arts funding set to decline?
Corporate support and sponsorship of performing arts was steady from 2004 to 2008, but a rise in private donations during the period underpinned funding in the sector.
Overall support for performing arts (both corporate and private) increased steadily from 2004 to 2008 but is expected to decrease from 2009 as a result of the slowing economy, according to a report by the Australian Major Performing Arts Group (AMPAG).
AMPAG is an umbrella organisation representing 28 major performing arts companies in Australia and its report looked at private-sector funding from 2004 to 2008.
The report said that in 2008 corporate sponsorship and private donations received by the 28 major performing arts companies was $49.6 million. It said that in 2008, $27.1 million (55%) was received in the form of corporate sponsorship, $20 million (40%) from donations and $2.5 million (5%) from fundraising events.
“These figures reflect the changes in giving patterns in Australia with the proportion of corporate support declining overall from 2004, when it made up 68% of the giving income, and the proportion of private philanthropy increasing significantly” said Sue Donnelly, AMPAG Executive Director.
Donnelly explained that the real issue facing major performing arts companies was the impact on their cashflows over the next two years as the effects of the economic downturn intensified, stating “typically the arts sector lags 18 months behind the rest of the economy. Already companies are reporting that many private donors, who are more than happy to continue supporting them, can only do so at a reduced level.”
Donnelly concluded that the companies that are most exposed are those with sponsorship contracts due for renewal at the end of the year.
Philanthropic revenue increase
Philanthropic revenue increased by 119% from 2004 to 2008, with the strongest growth achieved in 2005 and 2007 years. In 2008 it was up 11.2% or $2 million from 2007, but the increase in philanthropic giving did not benefit all companies equally. In 2007, 26 major performing arts companies reported increased earnings from this source, while in 2008 only 18 companies reported an increase.
Decline in corporate sponsorship slows
Following two consecutive years of decline, corporate sponsorship was up $1.8 million from 2007.
Dance companies were the biggest beneficiaries from increased corporate sponsorship compared to previous years, with an additional $1.1 million in 2008.
The report's data suggested that companies with an overall income of between $7.5 million and $15 million, reported a 14% reliance on corporate sponsorship. Companies with turnover of less than $7.5 million had the greatest proportional reliance (66%) on sponsorship and were potentially more vulnerable to economic downturn.
Music companies reported a return to similar levels of corporate sponsorship as in 2006 – around $11.8 million - although it was dominated by the results of three of the 10 music companies.
Image: AMPAG member the Bangarra Dance Company.
7th March 2018 - WORLD FIRST FOR TICKETEK
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
APT (Advanced Polymer Technology) is the leading global manufacturer of polyurethane-based materials, acrylic coatings and synthetic turf products for sporting and recreational applications. From…read more
Swimplex Aquatics are a world-class company dedicated to the commercial pool, waterslide industry. We are Australian market leaders servicing all states Australia wide. Swimplex provide a full…read more
Playrope Aqua-Fun, are the Australian & New Zealand exclusive distributors for Vortex Aquatic Structures International, the world leader in aquatic playgrounds and urban water landscapes.…read more
Geoff Ninnes Fong & Partners (GNFP) is a structural, aquatic and civil engineering consultancy with broad experience in the design of new municipal and institutional swimming pools, hydrotherapy…read more
iDwala is the Community Sports Surface Specialist offering the highest quality designs and technical expertise to Councils, Schools and Sporting Clubs looking to create sporting…read more
ProSlide is the global leader in water ride design and manufacturing, supplying high-performance water attractions to new and expanding water parks around the world. For over three decades, ProSlide…read more
Yellowbox is an Australian technology company that has developed smart locker technology operated through an app with a focus on experience for users and facility managers. Found at Beaches, Aquatic…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!