According to a lyric sung by the late African-American blues singer Alberta Hunter “You cain’t have romance without finance.” The same is true in terms of longevity and survival of profit and non-for-profit organizations. More specifically, arts organizations do not exist for very long without effective financial management and financial support from various external sources.
But there is a deeper issue that is pertinent to the training of arts administrators at the graduate level and it is this: if finances and financial administration is the bedrock foundation of an arts organization, how pertinent is the personal financial literacy of those in charge of the organization? My answer is: very pertinent.
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