Funding for culture
Funding for culture
The major areas of culture that are the performing arts, heritage, architecture, visual arts, recorded music, archaeology, publishing and video games, Each year, billions of dollars in sales. By way of example, that represented $49.2 billion in 2019.
The State participates in the funding of culture through aid, investment and subsidies in that culture is a wealth for the country. Both economic and heritage wealth. Each year, a budget (cumulative between several ministries) of €17 billion is devoted to culture.
Private funding of culture: from the purchase of a concert place to corporate sponsorship
It’s well known, without its audience, culture is nothing. First of all, because works of art, in all their possible forms, are experiences that aim to be shared, views heard, but also because it is in reality the public that is the first patron of culture.
Household support and crowdfunding: being all actors and actors of cultural heritage
The first is the greatest decision-maker of the good or bad economic health of the cultivation is obviously his audience. By listening to the recorded music, by attending some shows, by visiting an exhibition, by buying the latest work of their favorite author, or by buying a poster in the shop of a concert hall; each citizen participates and becomes a patron of culture. To feed on culture is to support millions of jobs related to its fields.
Consuming cultural works or products is not the only way to finance projects and become an actor of cultural heritage. For a few years now, the crowdfunding, method of crowdfunding, has become a common way of implementing projects. A method that, in addition to allowing a sometimes decisive fundraising, allows to appreciate, test, the public’s enthusiasm for a project.
Corporate philanthropy: Corporate philanthropy
Other solution of funding for culture, patronage businesses and individuals alike. Patronage means "material support, without direct compensation from the beneficiary, for a work or person engaged in activities of general interest".
The funding by patronage is tax deductible, up to 60% of the amount invested. To avoid any abuse of this benefit, the Ministry of Culture establishes a set of rules and conditions
- The beneficiary must be a body of general interest (non-profit, disinterested management)
- The work must be of general interest
- Natural persons are not entitled to patronage
Each donation of patronage may be subject to a tax audit verifying that these rules have been complied with.
Public funding of culture
In total, in 2019, $17 billion was invested in culture by the public funding.
Of funds and grants brought by the Ministry of Culture, but not only.
17 billion investments in funding for culture by several ministries
If the Ministry of Culture seems to be in the best position to dedicate a budget for the funding of culture, he is not the only one to contribute. Indeed, culture is an area with porous borders that intervenes in education, research, international...
On the $17 billion invested in 2019 for culture, $3.6 billion came from the Ministry of Culture.
Another $2.6 billion comes from the Department ofNational Education (field trips, arts schools). The remaining 1.8 billion is provided by the Ministry of Higher Education and Research (libraries, research professors), the Ministry of Europe and Foreign Affairs or the ministry of the interior.
Local and regional authorities, essential support for cultural economy
Of this 17 billion culture budget in 2019, the The remaining €8.7 billion in financing is provided by local and regional authorities. Cities, departments and regions are the privileged support of the cultural industry in France. They are the ones who provide the majority of the grants and funds enabling the development of a varied offer of culture in the territories, both Lyon , to Bordeaux, to Strasbourg, that in Paris...
These grants deployed by town halls, Regional Cultural Affairs Departments, and other local authorities allow the organization of a considerable number of events, the birth of many projects, and the sketch of new works. All project promoters are encouraged to approach their local institutions to grant applications and in most cases, submit a file presenting his project.
The bottom line:
- 17 billion is spent by the State on funding of culture
- Sponsorship shares are tax deductible but subject to certain rules
- Culture represents 49.2 billion turnover
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