City Council approved a revised 2015 fiscal year city budget on Thursday, giving the Philadelphia Cultural Fund a $1.3 million increase for grantmaking, increasing its grantmaking budget to $2.9 million and its total budget to $3.14 million.
The budget, which is expected to be signed by Mayor Michael Nutter, comes four years after the organization’s budget was cut from $3.2 million to $1.84 million, where it remained until now, according to a statement.
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With this budget increase in FY2015, the organization will not only be able to expand the reach and scope of its grantmaking, but also fulfill their pledge to reinstate Youth Arts Enrichment Grants, which provide project support for arts-education programs serving K-12 students in the Philadelphia School District.
