Financial support for cultural groups by British businesses dropped 7 percent, to $212.5-million, last year, the lowest figure since 2004, the BBC reports.
Overall donations for the arts, including gifts from individuals, foundations, and trusts, rose a little more than 4 percent to just under $1.1-billion in the 2010-11 fiscal year, according to culture philanthropy group Arts and Business.
The British government launched a major push last year to boost business philanthropy and support for the arts, terming 2011 the ?year of corporate giving.? Culture Secretary Jeremy Hunt termed the overall increase in giving to the arts a success, telling a BBC radio program, ?I think it would have fallen a lot further if we hadn?t put in the effort that we have.?
Museums and heritage attractions took in more money in 2010-11, while visual-arts, theater, and community arts groups saw donations decline.
Source: http://philanthropy.com/blogs/philanthropytoday/u-k-corporate-arts-spending-hits-7-year-low/45047
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