The Regents of the University of California stepped up to buy San Francisco Art Institute's (SFAI) $19.7 million debt, according to Mission Local. Boston Private Bank & Trust Company moved to foreclose on the 149-year-old art institution in July. The UC Regents will now be landlord to the art institute, preventing the foreclosure and public sale of its 95-year-old-campus, for now.
Just before the holidays, the State of California allocated $500 million to distribute Small Business Covid-19 Relief Grants to small businesses, nonprofits, and cultural institutions. The group Americans for the Arts Action Fund noted to California members that the first round of funding ends January 8 with application details on the website www.CAReliefGrant.com now live. Grants will be up to $25,000 and awarded to eligible small businesses and nonprofits to help cover expenses during the pandemic.