How much is the Supporting Arts Grant award?
All eligible applicants will receive funding. Grant awards will be proportional to organizational operating expenses and will be calculated based on a combination of operating expenses and available funds. The minimum grant award is $1,000. The maximum grant award will be dependent on available funding and the number of eligible applicants.
How Grant Awards Are Calculated
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Applicants report three (3) years of operating expenses
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Applicants are assigned to a category based on average of operating expenses:
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Under $100,000
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$100,000 - $500,000
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Over $500,000 - $1M
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Over $1M
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Funds are allocated to each category relative to the percentage that category is to the full applicant pool
Example:-
Total number of SAP applicants: 219
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16 applicants fell within the "Over $1M" category
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"Over $1M" applicants were 7% of the total applicant pool
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The "Over $1M" category was allocated 7% of the available funds
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Grant awards are then determined by adjusting a control percentage to remain within the funds allocated to a category.
Control Percentage - Award vs. Expenses
Example:
|
Chart A |
Award vs. Expenses (Control |
Highest Grant Award |
Lowest Grant Award |
Average Award |
|---|---|---|---|---|
|
Over $1M |
0.21% |
$9,762 |
$2,527 |
$4,419 |
|
Over $500,000 - $1M |
0.71% |
$6,794 |
$ 3,602 |
$4,648 |
|
$100,000 - $500,000 |
1.83% |
$ 8,285 |
$1,830 |
$4,635 |
|
Under $100,000** |
- |
- |
- |
- |
|
Adjusted for $1,000 Minimum |
12.72% - 89.89% |
$1,000 |
$1,000 |
$1,000 |
|
Adjusted for $10,000 |
10.65% - 10.25% |
$10,000 |
$1,027 |
$4,657 |