Interesting story in Bloomberg about what some arts organizations are doing to resist being displaced by gentrification. The article focuses on Alma Weiser who formed Equity Arts as a Perpetual Purpose Trust (PPT) to buy and operate a building in Chicago. The PPT format allows Equity Arts to have for-profit projects which benefit the non-profit/charitable ... Read more
SOURCE: Butts In The Seats at 12:54AM on June 4, 2024