The Delaware Port River Authority and the Greater Philadelphia Cultural Alliance have teamed up to hand out $4.85 million over two years to nonprofit groups in Southeastern Pennsylvania, the Philadelphia Inquirer reported Jan. 3.
The Port Authority — which in the past two years has awarded more than $25 million to arts groups to boost Philadelphia and its waterfronts as tourist attractions — set aside the money for arts and cultural funding as a part of its mandate to foster economic and cultural development in the area.
The Cultural Alliance will manage the two-year grants program and collect a management fee of $50,000.
The money, like the Port Authority’s past funding, will be generated from bonds backed by tolls collected at the Ben Franklin, Walt Whitman, Commodore Barry and Betsy Ross Bridges.
The arrangement means the Cultural Alliance, traditionally an advocate and clearinghouse for cultural groups, could play a powerful role in handing out funds to regional groups as well.
For full story, go the Philadelphia Inquirer.