Annual Report 2005-2006 - India Foundation for the Arts

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SUPPORT IFASUPPORT THE ARTSLama dance during Vajrakilaya puja at Dharma Chakra Centre, Rumtek.Photographs by Arghya Basu and Manas Bhattacharya.IFA has raised funds for its work in twomain ways. Grant-making organisations like theFord Foundation and the Sir Ratan Tata Trusthave been our most significant sources of support.This has been supplemented by incomefrom arts events, for which we have been able toattract sponsorship from companies.In 2005-06, we organised fundraising performancesfeaturing eminent artists likeNaseeruddin Shah, Anoushka Shankar, JavedAkhtar, Pandit Jasraj and Pandit HariprasadChaurasia. We also earned consultancy feesthrough courses in the arts that we designed forthe Mudra Institute of Communications,Ahmedabad and the Indian Institute ofManagement, Bangalore.While we are proud of our record of grantmaking, we also recognise how much more wecould do with additional support from foundations,trusts, corporations and the general public.IFA could extend assistance to a larger number ofdeserving projects, underwrite more ambitious initiatives,and even enter new areas of grant making.We could address systemic problems that impedegrowth in the field. And we could sustain pioneeringand catalytic projects for longer periods.Appreciating our potential to extend ourreach and achieve greater impact, the FordFoundation made us an endowment grant ofUS$2 million during the year. This generouslead gift has given us the confidence to beginlaying the ground to launch a corpus fundraisingcampaign in 2007––one of the three routes wehave identified to raise funds in future years.The other two are an Individual MembershipPlan and an Arts Services Programme. The firstwill offer membership benefits to individuals whojoin the IFA’s Friend Circle and contribute a fixedamount annually for our work. The second willoffer a range of services––from guided arts toursfor the general public to arts courses for students
in institutes of professional education to arts-basedworkshops for business executives––that facilitateengagement with the arts in different ways.Till these programmes are launched, however,individuals and organisations can support IFA tostrengthen the arts in India in the following ways.You could:—Assist an arts sector (for instance, the crafts,architecture or the performing arts);—Address an issue of concern to you (such asarts management or heritage conservation);—Support the arts in a particular region inIndia;—Fund an existing grant programme (artsresearch and documentation, extending arts practice,new performance or arts education);—Support projects selected for grants in anyyear;—Provide assistance for disseminating theresults of various projects;—Support institutional development at IFA(strengthen promotional work or fundraising capacity,for example).Donations to IFA are managed by experiencedprofessionals under the guidance of the Board’sFinance Committee. The use of funds is monitoredand evaluated closely. IFA maintains transparency infund management at all points in time. Regularreports, both financial and narrative, enable donorsto keep track of the purpose for which their contributionshave been used and to what effect.Donations to IFA qualify for exemption underSection 80G of the Income Tax Act.
Page 7 and 8: EXTENDING ARTS PRACTICEGroundbreaki
Page 10 and 11: NEW PERFORMANCERarely are the perfo
Page 12 and 13: ARTS RESEARCH ANDDOCUMENTATION8For
Page 15 and 16: ‘Lav and Kush grew up and donned
Page 17 and 18: ‘The family portfolio is all abou
Page 19 and 20: writing--in Bengali, Malayalam, Guj
Page 21: Actor Vasant Rao preparing for a pe
Page 28: We acknowledge with gratitude the s

Annual Report 2005-2006 - India Foundation for the Arts

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