Facts, opinions, rumors and innuendoes about the theater scene in Spokane, Washington
Monday, September 29, 2008
WaMu and our Mutual concerns
The Seattle P-I muses about the effects of the financial meltdown on arts philanthropy in Washington state. J.P. Morgan bought WaMu; Liberty Mutual bought Safeco. In the short term, no one's predicting a zeroing-out of arts giving; in the long term, however, institutions that aren't Northwest-based are less likely to give to Northwest arts organizations. The article suggests that, in 2006, WaMu gave $8 million to organizations of all kinds in Washington state, and $42 million additionally around the nation. Will J.P. Morgan follow suit? And of course the eastern side of the state goes unmentioned.