Your guide to NYC's public proceedings.
AGENCY TESTIMONY
Introduction of new equity fund within CDF
0:42:26
ยท
40 sec
Audrey St. Clair introduces a new equity fund as part of the Cultural Development Fund (CDF), aimed at ensuring more equitable distribution of resources for arts education.
- The equity fund provided $2,000,000 in additional funding to 264 organizations
- These organizations operate in areas of New York City with the lowest median incomes and highest poverty rates
- This initiative directs public resources to areas of the city where they are needed most
- The fund makes a major investment in the overall well-being and vibrancy of some of New York's most vulnerable communities
Audrey St. Clair
0:42:26
And as the programs I mentioned above, equity is woven tightly into how we distribute CDF support.
0:42:33
This year, we were proud to introduce a new equity fund as part of the CDF.
0:42:38
The equity fund provided 264 organizations operating in areas of New York City with the lowest median incomes and highest poverty rates with $2,000,000 in additional funding.
0:42:52
This initiative helps to ensure that public resources are directed to areas of the city where they are they are needed most, and makes a major investment in the overall well-being and vibrancy of some of New York's most vulnerable communities.