the Flint Institute of Arts

The FIA has five primary
sources of support:
endowment income,
grants, earned income,
contributions, and
membership.
income
Grants
52%
Membership 6%
Contributions 5%
Earned Income 12%
Endowment
Income
52%
Grants
The FIA receives grant awards from foundations,
community organizations, businesses, corporations and
the state and federal governments. The FIA receives funds
from two auxiliary groups, the Founders Society and
Friends of Modern Art. Revenue from grants represents
52% of the budget.
Endowment Income
The endowment funds of the FIA produce an annual yield,
both restricted and unrestricted. These funds support
general operating, exhibitions, programs, acquisition and
preservation of art, scholarships, lectures and membership
initiatives. As of June 30, 2009 the endowment funds
totaled $ 16,632,386 contributing 25% the annual income.
Unrestricted donations in the form of planned gifts and
bequests are traditionally allocated to endowment.
For this fiscal year’s listings, please see pages 44–45.
Earned Income
Income generated from sales, tuition, facility rentals,
special events, and admissions provides 12% of the FIA’s
general operating budget.
Contributions
Annual appeal gifts, memorials, and donations
commemorating anniversaries, birthdays, specific
programs or events represented 5% of the Institute’s
annual income.For this fiscal year’s listings, please see
pages 46–58.
Membership
The following are ways the FIA receives support through
membership:
• The Youth level of $20 annually provides activities
exclusively for ages 2.5–12.
• The FIA offers several higher levels of membership
to choose from for an individual or a corporation.
Basic benefits are enjoyed by all, and higher level
donors receive extended benefits, such as reciprocal
membership privileges to over 350 museums
nationwide at the Sustainer level ($100) and above.
• The highest levels of membership (the Silver Patron
and above, $1,000 + annually) comprise the Rubens
Society whose contributions generate more than
$100,000 to the budget. Society members are invited
to three exclusive events throughout the year.
• FIA Art School students are strong promoters of
membership as members receive a discount on art
classes. 11% of the FY2009 members joined through
the Art School.
• Established in 2007, the Print Society is limited to 100
members who, after first becoming a member of the
FIA at the Contributor level ($50) or above, are able to
purchase a pre-selected print by a noteworthy artist.
The Society is dedicated to the connoisseurship of
original prints, the purchase of prints to augment the
FIA’s collection, and the pursuit of personal collecting.
• Established in 2007, the FIA College Town initiative
provides free memberships to students at Kettering
University, University of Michigan-Flint, Mott
Community College, and Baker College. Students
receive many of the basic benefits, but receive no
mailings. Instead they receive E-Newsletters updating
them on general FIA activities and events and those
designed specifically for College Town members.
College Town memberships are made possible through
the generous support of the Katharine B. Miner Trust
and Mr. and Mrs. William Wentworth.
For a complete membership listing, please see
pages 51–59.
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development income