The program, a part of Mike Bloomberg’s American Cities Initiative, has already helped more than 500 small and midsize institutions in the U.S. across all artistic disciplines.
No, the Rockefeller trove didn’t bring $1 billion this week, despite industry speculation that it might reach that historic high. The total fell considerably shy at nearly $833 million.
The Community Outcomes Fund was started by $20 million in cash from former Microsoft chief executive Steve Ballmer and his wife, Connie, and $10 million from Prudential Financial. The Kresge Foundation will provide up to $10 million to shield...