Welcome to the online grants management system for The Arts Council of Greater Greensboro
Below you will see all of our current opportunities.
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About: The Sustainability + Big Idea Fund (SBI), administered by The Arts Council of Greater Greensboro (The ACGG), is a revolving micro-loan and seed fund designed to support the long-term sustainability and innovation of performance-based arts organizations in the Greater Greensboro region. This application form is intended for organizations whose primary mission and programming center around live artistic performances such as theater, dance, music, opera, spoken word, and multidisciplinary performance art.
The SBI aims to:
- Seed transformative ideas and partnerships.
- Support organizational restructuring for greater resilience.
- Provide emergency capital for unforeseen infrastructure needs.
- Encourage cross-organizational collaboration and leadership development.
Eligible Requirements:
- Nonprofit (501-c3) Arts organizations in good standing with NC Secretary of State and IRS.
- Must be a performance-based arts organization operating in and serving the Greater Greensboro community.
To be eligible arts organizations must project adequate cash flow to support repayment or present defined actionable financial plan.
Performing arts organizations will be a priority for funding from the Triad Stage (SBI) funds.
What the ASEF Funds:
Loans will support organizations that reflect core values; artistic adventure, collaboration, diversity, excellence and stewardship.
- Change capital for strategic transformation.
- Seed funding for new ventures with proven external visibility.
- Capital expenses due to catastrophic events (technical, operational or structural)
- Leadership transition search or development
Funding Priorities:
- Clearly document realistic need for funding.
- Show ability to manage and repay loan.
- Align their request with short-term and long-term growth goals.
- Show a strong commitment to Greensboro’s arts sector.
Application:
Applicants must be invited to participate as through a link provided by The Arts Council of Greater Greensboro.
Review Timeline: Applications are managed by SBI Oversight Committee (7 community members) and will be administered by The ACGG.
Review criteria for this application will be based on geographical, financial and impact criteria.
Funding: To Be Determined based on application and need.
- The SBI Oversight Committee will make funding decisions on an as needed basis.
Loan Terms: Interest rate of Prime ±1% : terms may vary by request and financial position.
- Repayment rates will be determined at time of award.
Forgivable portion: May be included if pre-set criteria is met.
SBI fund must maintain a minimum reserve of $250,000 for future growth.