These organizations are redefining the city’s cultural landscape, with many deciding to expand their footprint and undergo major capital campaigns to build new or renovate existing facilities. In 2007, Deutsche Bank Americas Foundation added the New Spaces RFP to its arts portfolio to help these mid-sized cultural organizations become world-class institutions with unique programming, solid governance, financial stability and strong ties to their local communities.
Unfortunately, the recent economic downturn was hardest felt by these organizations, many of whom are outside the mainstream of New York City’s philanthropic community. These cultural institutions had already made significant reductions in staff, implemented furloughs and curtailed services to local residents. In response, Deutsche Bank in 2009 invited former Art & Enterprise grantees to apply for a new RFP, a series of stabilization grants. These resources enabled the Bank’s cultural partners to continue to preserve their role as anchors within their communities and sustain their level of outreach to low and moderate-income individuals.
In 2011, Deutsche Bank introduced a funding initiative focused on developing technological usage in cultural settings. Grants were awarded to organizations that proposed projects that use emerging technologies to further their own educational programming, reach new audiences, engage new artists and maximize their own efficiencies.
As long-term investors in these organizations, Deutsche Bank has leveraged the arts as a catalyst for positive economic, physical and social change. These RFPs are constantly being reshaped to meet the changing needs of arts organizations.
2012 | New York
Deutsche Bank commits $1.4 million to 15 NYC arts and cultural organizations for technological development. more
September 8-9, 2012 | New York
Over 1,800 Brooklyn-based artists participated in the Brooklyn Museum’s open studio weekend, sponsored by Deutsche Bank. more
The "NYBG in Bloom" app allows users to take Impressionist-style photographs
Fall 2012 | New York
“Monet’s Garden” exhibition enhanced with innovative mobile app funded by Deutsche Bank. more