Patronage of the Arts Suffers Because of Crisis

English

 

The survey of 4,824 big companies showed that just 40 percent were patrons of the arts in 2007, mostly with cash donations. The average gift was about HUF 2 million, although three-quarters of all gifts came from one-tenth of the companies.

 
Companies spent about HUF 3.1 billion to support the arts in 2008, HUF 1 billion less than in 2007. One-third of companies wanted to support the arts in 2008, but just half of this proportion said they could do so in 2009.
 
Source: Hungarian News Agency (MTI)