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Cultural Endowment ends ‘stability fund,’ distributes more than $400,000 to arts organizations
Summary
Nebraska Cultural Endowment board and partners told the Arts Council the private-stability fund has been dissolved and funds will be distributed to the Nebraska Arts Council and Humanities Nebraska; staff outlined CPF projections for next year.
The Nebraska Cultural Endowment has ended its separate “stability fund” and will distribute the accumulated balance to the Nebraska Arts Council and Humanities Nebraska, the council heard Tuesday.
Maggie Snapp, representing the Cultural Endowment, told members the endowment board voted to distribute the balance from the privately held stability account and that the organizations should receive their shares “in the next week or so.” She said the decision means future CPF (Cultural Program Fund) earnings managed by the State Investment Council will be distributed in full to the two…
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