From the Field

Cultural Capital: The state of museums and their investing

June 21, 2022

Download Cultural Capital: The state of museums and their investing

Upstart Co-Lab, The Association of Art Museum Directors, and The Black Trustee Alliance for Art Museums have partnered on a first-of-its kind survey on impact investing by independent museums of art and design in the United States. 61 museums with endowments totaling $10 billion participated in the survey, describing how they are aligning money with mission and values  – in particular their commitment to diversity, equity and inclusion. Everyone committed to the future of America’s art museums—including Boards, Leadership Teams, Staff, Donors, Artists, and the Public —can play a part in shifting museum endowments to impact investing. We hope the findings and recommendations in this report will help usher in a new era of ethical investing for the creative sector. 

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Art Museums and Impact Investing