The Arts Loan Fund announced that for 2010 it has over $500,000
available for low-interest loans to artists and arts organizations across the Bay Area.

The Fund, administered by Northern California Grantmakers, is the nation’s largest and oldest fund that
makes low-interest loans in the nonprofit arts field.

While the loans have always been made at a low interest rate, in 2009 the 29-member Arts Loan
Fund steering committee reduced the interest rate charged on loans to be fixed at 2.25 percent.
This is 1 percent below the prime lending rate, the rate that banks charge their most preferred
customers.

For more information and to see the entire press release go to: http://www.artsloanfund.org.

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The Arts Loan Fund is a collaborative program of the members of Northern California
Grantmakers, a regional association of grantmakers. It provides quick-turnaround, low-cost
financial assistance to arts organizations located in Alameda, Contra Costa, Marin, Monterey,
San Mateo, San Francisco, Santa Clara, Santa Cruz and Sonoma counties, and individual artists
located in the cities of Oakland and San Francisco. The Arts Loan Fund is independently funded
and governed by its members, which include representatives from foundations, corporations and
local arts agencies.

Northern California Grantmakers (NCG) is an association of foundations, corporate
contributions programs and other public and private grantmakers. Started in 1965, NCG has
grown to support the activity of 170 member grantmakers active in the Bay Area, with combined
grantmaking of more than $3 billion annually. NCG enhances the effectiveness of philanthropy
by supporting regional grantmakers’ efforts to learn, promote the field and connect to peers and
resources.

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