Community by community, the impact of COVID-19 is variable and rapidly changing. As Congress and the Administration consider new forms of federal economic assistance that may be targeted or widespread, orchestras can join others in the arts and nonprofit sectors that are speaking up to ensure that relief will meet all community needs.
With bipartisan support from Congress, the National Endowment for the Arts (NEA) received an increase for fiscal year 2020 for a total funding level of $162.25 million, while the Assistance for Arts Education (AAE) program fund at the U.S. Department of Education actually received a $1 million increase for a total funding level of $30 million.
With bipartisan support from Congress, the National Endowment for the Arts (NEA) received an increase for fiscal year 2020 for a total funding level of $162.25 million, while the Assistance for Arts Education (AAE) program fund at the U.S. Department of Education actually received a $1 million increase for a total funding level of $30 million.
The 21% Unrelated Business Income Tax (UBIT) on parking and commuting benefits that was created by comprehensive tax reform signed into law in December 2017 has now been retroactively repealed.
Many orchestras have received significant new contributions since the IRA Charitable Rollover provision was made permanent in 2015, allowing individuals age 70-1/2 and older to make direct, tax-free transfers of up to $100,000 per year (up to $200,000 for married couples) from their Individual Retirement Accounts (IRA) to qualified charities.
The League provides specialized assistance in navigating the complex visa requirements for guest artists.
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Sixty orchestras will present live music, instrumental music instruction for young students, commissions, festivals, and engagement programs to their communities with support from the National Endowment for the Arts (NEA) in its first round of major grant funding in the 2020 fiscal year.
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