CAST – Community Arts Stabilization Trust

Bay Area News

Keeping Space – Oakland is CAST’s new pilot program dedicated to providing training and funding for Oakland arts and culture organizations seeking real estate assistance. Through direct financial grants, one-on-one technical assistance, and real estate readiness training, CAST’s goal is to provide safe, stable, and permanent real estate solutions for Oakland’s local arts organizations.

RSVP now for the 3-part Real Estate Readiness Workshop Series led by real estate expert consultants at the Northern California Community Loan Fund (NCCLF). These workshops help arts groups build their organizational and financial capacities to navigate the real estate market. We encourage both a senior staff person and board/advisory council member to attend the workshops. Register now for one workshop or all three. Limited space available.

Location:
East Bay Community Foundation
De Domenico Building, 200 Frank H. Ogawa Plaza
Oakland, CA 94612

Time: 9:30am-12:30pm

Friday, May 5, 2017
Real Estate Readiness: Overview

Come learn how to prepare your organization to embark on securing a facility for your program. Get answers to common questions around planning for your space. Are you ready to move? How much space? What can I afford?

Thursday, June 8, 2017
On with the Show: Turning your Financial Performance into a Masterpiece
Come develop your financial acumen to grow your organization. If you are an Executive Director, Financial Manager, Board member, or Program staff who wants to increase your financial management skills, this workshop is for you!

  • Build your “finance vocabulary”
  • How to create and monitor your budget
  • How to manage your cash flow
  • Understand and use your financial statements for decision-making
  • Strategies to develop a long-term business model

Thursday, July 13, 2017
Commercial Leasing Strategies: Getting to Yes
Looking to lease new space or renew your lease? Not sure how to approach the landlord? What’s in the fine print of my 15-page lease? In Oakland’s escalating real estate market, organizations are facing large rent increases. Yet, nonprofits are still finding ways to lease space in the communities they serve. NCCLF will share examples of nonprofits that have successfully negotiated leases that fit their budgets and location considerations. Participants in this workshop will learn key terminology in commercial leases, pitfalls to watch for, negotiation strategies with landlords, and current trends in the bay area commercial market.

________________________________________________________________________________

 

 

 

Funding is provided by the Kenneth Rainin Foundation and The William and Flora Hewlett Foundation. Keeping Space – Oakland is made possible in collaboration with the Oakland Arts Workspace Group and in partnership with the City of Oakland and Northern California Community Loan Fund.

For more information, please contact Tyese Wortham, CAST Program Manager at 415-556-9888, ext. 103, or twortham@cast-sf.org.


 

 

Greetings Moy,

Northern California Grantmakers is pleased to announce the release of new loan opportunities for Bay Area arts nonprofits. We have launched a new website with more user-friendly loan applications in order to support organizations like yours.

Last year the Arts Loan Fund (ALF) embarked on a journey to better serve the needs of the arts community. For more than 30 years, the ALF has provided short-term financial assistance to nonprofit arts organizations who face periodic cash-flow gaps.

We learned that despite thirty years of loans and continuing cash-flow struggles for arts organizations, the ALF is not widely known in the arts community, and its website and applications needed a major face-lift.

In response, the ALF launched a new website, switched to a user-friendly application platform, created three new loan products, and opened two social media spaces. Follow us on Twitter and we will follow you right back. Like us on Facebook for new resources and funding opportunities!

The new website and loan products were designed and created to be accessible resources to support organizations like yours, we’re eager to hear your feedback. Let us know how it’s working for you!

The next application deadline is April 24, 2017. Please let us know if you have any questions or would like more information about the application process.

All the best,

Krystle Chipman
Coordinator, Collaborative Philanthropy
Northern California Grantmakers

Copyright © 2017 Northern California Grantmakers, All rights reserved.Want to change how you receive these emails?
Update your preferences | Unsubscribe from this list
Facebook
Twitter

 


Kenneth Rainin Foundation
February 2017
Rainin Arts Real Estate Strategy Goes Online to Stem Displacement
Rainin Arts Real Estate Strategy
Jen Lewin Studio’s The Pool at Lafayette Square, New Orleans. Photo credit: Marcus Alfred.
Hello,

Displacement threats to arts and cultural organizations are an increasingly urgent problem in cities and communities across the country. Fellow funders, city governments and nonprofits are searching for solutions to help protect our most valued arts and cultural assets.

Today, I’m proud to announce that the Kenneth Rainin Foundation has launched a new online resource to showcase an innovative solution that can help secure permanent, affordable spaces for arts nonprofits.

The journey for this solution began five years ago when it was clear the Bay Area was poised for another displacement crisis due to escalating rents. Fearing the loss of our vital organizations, the Rainin Foundation brought together community leaders, including our most progressive thinkers on creative finance and nonprofits to challenge the status quo. And we succeeded.

Together, we developed the Rainin Arts Real Estate Strategy, a groundbreaking solution that creatively uses existing financial tools and leverages public and private resources.

At the center of the model is a real estate holding company like the San Francisco-based Community Arts Stabilization Trust (CAST) that works with multiple partners to purchase real estate on behalf of arts organizations. This bold solution came just in time for two of our grantees that were facing displacement due to building sales.

Today, both of these arts organizations have secured below-market leases with an option to purchase their buildings and own permanent homes in San Francisco.

With momentum for this model building in the Bay Area, I’m excited about the potential for this replicable strategy to find similar success elsewhere.

I hope you are inspired to explore our new website to learn how the Rainin Arts Real Estate Strategy works, and how it can benefit your community.

Sincerely,

shelley trott
Shelley Trott
Director, Arts Strategy & Ventures
Kenneth Rainin Foundation