Arts Minister Simon Crean released the Mitchell Review into arts philanthropy this week. Chaired by marketing guru and noted philanthropist Harold Mitchell, it “aimed to identify any barriers or impediments that may exist in Australia with respect to private sector support for the arts”.
A couple of other recommendations are also intriguing. The Mitchell review recognises the growing importance of crowd-funding and micro-finance to the sector, particularly for start-up cultural projects and independent and DIY endeavours. Crowd-funding is particularly useful for individual artists hoping to raise small amounts to finance specific cultural projects. Mitchell reckons the government could be chipping in, providing matching funds for crowd-funding projects on a 20:80 ratio (one dollar from Canberra for every four dollars crowd-sourced).