Now-a-days, huge amounts of fund have been allocated to scientific research by most of the countries, particularly the developing countries. Science on its own cannot tackle the important global challenges the human kinds facing, but on the contrary, funding for the arts is also important which is either forgotten or kept aside by the respective countries, forgetting the fact that arts research is equally important to the economic recovery.
Recently, to come out of its economic downturn, the British government has increased the funding for science, engineering, and technology research projects, which are of course the supporting factors of economical growth. However, for a better and stable global economy, the government needs to invest in the research areas of culture, languages, social sciences, arts, and humanities, thereby bolstering trade and understating national priorities. To work more closely with the global partners and to fight international terrorism, research in cultural studies, political relations, the languages, and linguistics should be considered of vital strategic importance. This shows the importance of funding for the arts.
Funding is in fact marginal for a lot of artists. The whole career of an artist goes through by getting few, if any, government funds. Most of the artists have nothing to do with the funded arts infrastructure. Still the government agencies whose job is to support the art are always called the funding for the art bodies!
Many observers are anticipating the digital economy as a strong sector in the rejuvenated economy, but definitely it will rely on research in creative arts, marketing, design and new media.
There are many private Trusts, foundations, and non-profit organizations who are totally dedicated to funding for the arts. One such organization is “Fund for the Arts”, situated in Louisville. This organization has raised over $157 million since its inception in the year 1949. Another non-profit organization is “Funding Arts broward, Inc. (FAB), situated at Florida. This organization is committed to cultivating and safeguarding the arts in Florida. It was incorporated following the governments drastic budget cuts towards financial supports to arts.
India is always positive in Funding for the Arts. The government of India is the main source of funding for the arts. India has its own ministry of culture, which is directly under the Prime Minister’s Office. This ministry works towards the promotion of Indian arts and culture. Majority of funds are aimed at promoting local and folk artists. On the contrary, corporate India does not have a plan in funding for the arts.
It is a proven fact that every nation’s culture is its pride and glory; and it have to be well preserved. Most of the times, the civilization of a country is judged on its cultural legacy it lives. Hence it is important that every country has to put up a decent budget in order to funding the arts.