What is the Texas Cultural Trust?
The Texas Cultural Trust, a 501 (c) (3) nonprofit organization, was created in 1995, for the purpose of raising funds from the private sector for the Texas Cultural Endowment Fund.
The Texas Cultural Endowment Fund, and was created by the Texas Legislature in 1993 to provide a stable funding source to enhance the performing, visual and literary arts, and arts education in Texas. The Texas Cultural Endowment Fund is a fund outside the state treasury, and the Legislature may not appropriate money from the Texas Cultural Endowment Fund.
Why was the Texas Cultural Trust created?
The Texas Cultural Trust was created to provide stability and increase funding for The Texas Cultural Endowment Fund, which was established, in 1993, by The Texas Legislature.
Texas ranks LAST among the 50 United States and its six territories in public funding of the arts, with a current public investment in the arts of less than $.18 per citizen. The national median for state funding is over eight times this amount at $1.44 per citizen. As a result, many communities in Texas cannot provide adequate primary and secondary arts education or attract new businesses to the area. The Texas Cultural Trust supplements the deficiency in public funding by raising additional support from the private sector.
Do other states have Trust Funds for the arts?
To date, at least fifteen other states have established trust funds, including Missouri, Delaware, Arizona, Connecticut, Utah, Montana, North Dakota, Indiana, Nebraska, Wyoming, Kentucky, and Puerto Rico. Texas was the first state to take this creative approach and we are viewed as an innovator in state arts funding.
How can people give to the Trust?
The Texas Cultural Trust accepts donations of cash, stocks, bonds, other commercial paper, and “real property”. Donations may be in-kind contributions, a one-time offering or a long-term pledge. They may be designated to a specific region and/or discipline or made in honor or memory of someone. They may also be earmarked for specific programs, such as the Texas Young Masters Program or the Texas Medal of Arts Awards, or allocated to operational support for the Texas Cultural Trust. All gifts are tax deductible, as allowed by law.