ARTS ORGANIZATIONS AT A CROSSROADS
This Protecting Your Assets Toolkit guides arts and cultural organizations in making critical decisions about their structure and resilience and preserving their assets. Whether your organization is growing, stable, contracting, or suspending operations, this toolkit helps you control your destiny by focusing on overall structure and investments.
While developed in response to COVID-19, this toolkit addresses ongoing dynamics in leading arts organizations. It recognizes that many previous revenue models are unsustainable and that staff and board composition may require new skill sets and perspectives. Regardless of your organization's current situation, it's essential to consider your future, build resilience, and adapt operations.
The toolkit consists of three sections that can be used individually or in combination without a specific sequence. Section A, Guidance for Making Legal and Structural Choices, help you assess options in terms of legal, financial, HR, and governance steps when uncertain about your organization's future.
Additionally, this toolkit addresses two significant gaps in arts administrators' portfolios, crucial regardless of your organization's status:
Staff knowledge and cross-training: Section B, Protecting Your Knowledge Assets, offers a method to capture knowledge held by founders and long-term staff, freeing everyone from reliance on a single individual.
Protecting your legacy: Section C, Managing and Preserving Your Legacy, emphasizes safeguarding assets, such as collections, sets, costumes, libraries, instruments, and historical records. It also highlights intangible assets like artistic legacy, community history, goodwill, and knowledge and skills within your organization.
The toolkit allows you to quickly access the content relevant to your organization's current situation. It provides a framework for intentional decision-making and asset preservation, supporting your organization's ongoing operations at any stage of its lifecycle.