AMENDMENT FIVE: "CALL ARTS MEDIC ONE"
Problem
Deep pockets and bulldozers are quicker than the angel of generosity. Lacking enough ready cash, civic-minded groups must organize time-consuming studies, fundraising drives, and signature campaigns. Before they can act, a Group Theatre or Bathhouse Theatre or Speakeasy Café has disappeared. Public or private, for profit or non-profit, institutions that serve a community come in all shapes and sizes and these days, they need help.
Solution
Who you gonna call?…ARTS MEDIC ONE! A proud band of volunteers ready for mobilization when a siren goes off. For a one year term, each puts up a cash reserve, either in the form of pledges that can be quickly called in or a line of credit at a bank secured by personal guarantees, into a revolving fund. Its purpose: to rush to the aid of a stricken organization, taking it out of harm's way (bankruptcy or the wrong purchaser), stabilizing it, and then getting it into the right hands, with a better formula for sustainability. This is a challenge for the new breed of Seattle philanthropist. Don't just pledge us your lives, your fortunes, and your sacred honor; lend us that imagination so evident in your entrepreneurial ventures so that together we may figure out how to make the faltering institution viable, and find the right person to make it work well again. As Social Venture Partners does with children and education causes, so would these "Cultural Venture Partners" be a Medic One for the arts and civilization.
AMENDMENT SIX: "ART TO THE EDGES"
AMENDMENT SEVEN: "LET THE GOOD TIMES ROLL"
AMENDMENT EIGHT: "OPEN ARTGATES"
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