Update: Economy hits the arts

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Scottsdale arts philanthropist Richard Felder folded the Richard and Deborah Felder Foundation which supported the arts community in Scottsdale Arizona with hundreds of thousands of dollars. In a single year, the foundation granted $143,000 to performing arts venues and $25,000 to music festivals and education, according to a 2007 tax Form 990, provided by Guidestar, which examines charity tax records. Among some of the institutions routinely supported were the Arizona Opera with $25,000, KJZZ-FM (91.5) with $15,000, Scottsdale Cultural Council with $30,000 and the Phoenix Symphony and Arizona Ballet, both with $1,500.

"Unfortunately, it's a financial situation," Felder said. "The whole foundation had to be shut down and we're very sad about that."

Comments

Anonymous said…
Another Madoff victim. See:

http://graphics8.nytimes.com/packages/pdf/opinion/madoff_exposure_7.pdf
February 3, 2009 at 7:17 AM
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