Tuesday, October 16, 2007

Altria's departure from NYC means loss of arts funding

Altria Group's moving its headquarters from New York City means that it will cease supporting the arts in New York, to the tune of $7 million a year. Altria funded over 200 groups in the city and was "the most reliable source of corporate funds for the city's dance companies, art museums, and theaters for over 40 years, consistently ranking as the top giver each year," according to Trent Stamp of Charity Navigator, in a blog post titled "Arts Groups Addicted to Smoking."

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