MacArthur Foundation Arts and Culture Loan Fund

Many nonprofit arts organizations need to manage the uneven cash flow resulting from the timing of production costs, ticket sales, and grant and government revenue. The MacArthur Foundation Arts & Culture Loan Fund helps address this need among small- and mid-sized arts and culture organizations in the Chicago area.

  • Eligibility: Arts organizations that are current grantees of the MacArthur Foundation or the MacArthur funds at the Prince Charitable Trusts and Richard H. Driehaus Foundation. Organizations must have annual budgets between $250,000 and $5 million.
  • Terms: $10,000 to $150,000 lines of credit maturing in 1 year, with potential for renewal.
  • How to Apply: Your first step is to contact Fiscal Management Associates (FMA), a consulting firm that works with nonprofits to strengthen their financial management practices. Email LoanFund@fmaonline.net.

Download our fact sheet for more information.