CultureBAnQ
CULTURE-CENTERED
COMMUNITY INVESTMENT
CultureBanq catalyzes investment into artists creating thriving communities
ABOUT
CultureBanq envisions a shared future where all communities are healthy and thriving. To achieve this future, we believe in the power of centering culture, investing in community-rooted artists, and collaboratively reimagining how financial and non-financial assets are valued, exchanged, and grown.
Why invest in artists? Artists play essential roles in partnership with communities as:
Connectors
Connecting community members as central actors in critical conversations and community-led investment models
Guides
Guiding community members through conversations to address complex historical and contemporary issues
Illuminators
Illuminating how participation in art and culture produces community well-being
Producers
Producing a positive impact on the social determinants
of health in their local communities
WHAT
We work with community leaders, social change artists, arts and culture organizations, public sector leaders, family offices, and investors related to:
The Value of Artists
We curate and create resources that illuminate artists' critical, central value to thriving communities and markets
Culture-First Gatherings
We convene artist-led cultural gatherings that illuminate the value of investing in communities and the assets communities value most
Investment
We advise and help catalyze investment that is responsive, equitable, and productive for artists and communities
WHERE
CultureBanq works with communities and in places across the United States.
Cultural gatherings and artist-led initiatives have been prototyped in four U.S. cities: San Francisco, Oakland, Dallas, and Kansas City.
Building upon the investor primer, Moving Minds & Money to Transform Arts & Culture Investment, CultureBanq and its partner ImpactPHL will bring a culture and artist-centered investment lens to Philadelphia, Pennsylvania.
Photo:
Imagining the Future of Greater Philadelphia’s Ecosystem for Investment in Arts & Culture
March 2024
Philadelphia, PA
Credit: Meg DeBrito
WHO
Penelope Douglas,
Founder & CEO
Penelope has spent her career at the intersections of social investment, community investment, art and culture, and the health of communities. For the past several years, she has worked with others in cooperative, collaborative, distributed leadership, and solidarity models.She works with social change movement builders and organizations across sectors including health, arts and culture, and regenerative capital. Recent and current engagements include roles as Impact Advisor to One Nation One Project, Strategic Advisor to The Lewis Prize for Music, Organization and Strategic advisor to The Guild of Future Architects. From 2020-2022 she was the Chief of Strategy for Yerba Buena Center for the Arts. Among many initiatives she guided were the Artist-Led Giving Circle and the Guaranteed Income Pilot for Artists.
Megan McFadden
Co-creator
Megan’s 18+ year career has focused on economic systems change, where she’s worked with internationally and nationally pioneering teams to advance the field of impact investing. This includes but is not limited to SOCAP, Impact Hub, Yerba Buena Center for the Arts, Institute for the Future, The Enterprise Center, and more on initiatives ranging from the largest global impact investing conference to an equity growth fund for Black and Brown businesses. She was most recently the Director of Strategy for ImpactPHL, a field builder cultivating Greater Philadelphia's impact investing community, where she led and managed strategy on initiatives such as Impact Investment Pathways and Total Impact Summit. She co-authored the paper, Moving Minds & Money to Transform Arts & Culture Investment.
CONNECT
If you're seeking to catalyze investment into artists, we want to hear from you.
About
What
Where
Who
Penelope Douglas and Deborah Cullinan founded CultureBank in 2019, incubated within Yerba Buena Center for the Arts (YBCA) in San Francisco, California, which prototyped artist investment cohorts in four U.S. cities: San Francisco, Oakland, Dallas, and Kansas City.
In 2024, CultureBank spun out as an independent initiative, CultureBanq.
CultureBanq (TM)