The Overhead Myth: Reconsidering Nonprofit Financial Models with Andrew Taylor

In this episode, Jill talks with Andrew Taylor (program director and associate professor of Arts Management at American University), a leading voice in the North American nonprofit arts sector, to discuss the prevalent issue of the “overhead myth.”  The discussion takes a deep dive into the challenges arts organizations face, the scarcity mindset, and the importance of understanding the values in direct and indirect costs. Andrew also talks about educating future arts leaders about these financial intricacies. 

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Key Topics & Chapter Markers:  

[00:02:04.970] The Infinite Game  

[00:03:19.190] The Overhead Myth  

[00:06:03.800] Mindset around Scarcity  

[00:11:12.790] Role of Communication in Budgeting  

[00:11:24.520] Starvation Cycle  

[00:14:08.800] Overhead Costs  

[00:16:22.410] Finding a Balance in Overhead  

[00:18:49.140] Shifting Dynamics in Arts  

[00:23:30.520] Artistic Evolution and Challenges  

[00:27:45.250] Venture Capital in Arts  

[00:28:45.690] Philanthropy and Overhead  

[00:32:15.850] Teaching Overhead to the Younger Generation  

[00:34:36.260] Future Leaders in the Arts  

[00:36:00.310] Power Dynamics in Arts Management  

[00:37:49.430] Direct and Indirect Costs   

  

Contact Info:  

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Creators & Guests

Host

Jill S. Robinson

CEO and Owner, TRG Arts

What is Leading the Way with Jill S. Robinson?

Leading the Way with Jill S. Robinson is a journey into the international arts and culture industry. Join Jill, a driving force in the sector who has counseled arts leaders for more than three decades, for conversations with some of the most insightful and daring minds leading the way to a resilient 21st century.