ArtPrize funding comes from a diverse range of funders, including national and local businesses, foundations, individuals and the public sector.
Corporate sponsorship represents the largest single source of revenue, accounting for 59% of the $3.2 million operating budget in 2018.
Corporate sponsors in 2018 included national and regional Leadership Sponsors like Founders Brewing Company, PNC Bank, X-Rite Pantone, Switch, West Michigan Honda Dealers, Meijer and Amway and Premier Sponsors like Consumers Energy, Haworth, Herman Miller Cares, ITC Holdings, LIFEWTR and Wolverine Worldwide.
The remainder of the annual budget in 2018 came from foundation grants (21%); donor and earned revenue from advertising, retail and registration fees (10%); and city, county, state and federal funding (10%).
Foundation support also included funding from some DeVos foundations, representing 14% of the total ArtPrize budget in 2018. These were the Dick & Betsy DeVos Family Foundation, the Richard and Helen DeVos Foundation, the Daniel and Pamella DeVos Foundation, the Douglas and Maria DeVos Foundation, the CDV5 Foundation and the Edgar and Elsa Prince Foundation. Amway, the company founded by Rick’s grandfather, Rich DeVos, is also a leadership level corporate sponsor.
The remaining seven percent of the budget funded by foundation grants in 2018 included support from the DTE Energy Foundation, the Frey Foundation, the Efroymson Family Fund, the Peter C. and Emajean Cook Foundation and the Wege Foundation.
City, county, state and federal support totaling 10% came from the City of Grand Rapids, Downtown Grand Rapids Inc., Experience Grand Rapids, the Michigan Council for Arts and Cultural Affairs, the Michigan Economic Development Corporation, the Michigan Film and Digital Media Office and The Rapid.