Fundraising dilemma: to cut or grow?

We examine two opposing strategies by which companies are bolstering their fundraising revenue.
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Judicious pruning can help your organisation flourish; image via www.personaltouchcolorado.com 

Recent years have seen a trend towards reduced levels of funding from government, making revenue-raising through alternate means increasingly important for arts organisations across the board.  

In both the small to medium sector and among the major performing arts companies, a range of strategies are being explored in order to ensure successful fundraising outcomes – particularly through sponsorship and philanthropy.

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Richard Watts OAM is ArtsHub's National Performing Arts Editor; he also presents the weekly program SmartArts on Three Triple R FM. Richard is a life member of the Melbourne Queer Film Festival, a Melbourne Fringe Festival Living Legend, and was awarded the Sidney Myer Performing Arts Awards' Facilitator's Prize in 2020. In 2021 he received a Lifetime Achievement Award from the Green Room Awards Association. Most recently, Richard received a Medal of the Order of Australia (OAM) in June 2024. Follow him on Twitter: @richardthewatts