The $22 million seed.
A coalition of leading foundations Ford, Rockefeller, Prudential and Rasmuson - realized the need for supporting artists in America and in an unprecedented private investment, launched United States Artists in September 2005 with $22 million in seed funding. (These four foundation presidents became the founding board of USA.)
50, 50, 50.
Their initial investment allows our organization to fund the USA Fellows program, which annually awards $50,000 unrestricted grants to 50 artists across the country in 8 artistic disciplines. Every one of these awards is available to be underwritten. And, happily, patrons from across the country have stepped up to do so, including Eli Broad, Michael Bloomberg, Ella Cisneros, Agnes Gund, Laurie Tisch and Steve Wynn. To date we have leveraged the $22 million from our founders and have raised a total of $51 million.
But we want our USA Fellows program to still be issuing grants 25 years from now. 50. 100. To guarantee this, USA is in the process of raising $50 million dollars to permanently endow the program. In other words, we want to support America's finest artists generously—and forever! To date we're 20% there.