The Power & Pitfalls of Winning Money With No Strings Attached
Learning how to invest and deal with tax implications can be a shock. Photo by Pepi Stojanov/Unsplash
Unrestricted grants—those not tied to a specific project or commission—are the holy grail of dance funding. But how do dance artists accustomed to living from project to project handle the sudden influx of capital?
We asked three choreographers who've won these grants multiple times about their experiences.
Kyle Abraham has used the money to pay off student loans, get his dancers health care and help out his mom. Photo by Jim Lafferty
Unrestricted grants received: United States Artists Fellowship Award (2012, $50,000), Jacob's Pillow Dance Award (2012, $25,000), MacArthur Fellowship (2013, $625,000), Doris Duke Artist Award (2016, $225,000)
How he's spent the money: "Paying off my student loans—going to grad school in New York City is a doozy! My other big thing was getting my dancers health care. And just making sure my mother had grocery money after my father died."
Biggest mistake: "I had no knowledge of how to invest, or deal with the tax implications. I wound up losing a fair amount of money because I didn't know how to properly channel the money so it could accrue interest. I kept it in my savings account and when tax time came around I was really shocked and scared by some letters from the IRS!"
Advice for other artists: "Take time to learn and actually write down all of the questions and answers on how best to handle a financial plan."
The best part: "You can actually do things to help alleviate stress. If you have an ER visit, this can help pay that. It's a different way to think about how people can support artists."
Camille A. Brown
Camille A. Brown suggests artists use unrestricted grants to take care of themselves. Photo by Jayme Thornton.
Unrestricted grants received: Doris Duke Artist Award (2015, $225,000), United States Artists Fellowship Award (2015, $50,000), Jacob's Pillow Dance Award (2016, $25,000), Princess Grace Statue Award (2016, $25,000)
How she's spent the money: "I use these funds to replenish me—a vacation, or to save money for property—and set aside money for the company. It's both business and personal."
Advice for other artists: "When you have these opportunities, create a self-care plan and a financial plan. It's very hard for an artist to say, 'I have to care for myself first.' We give a lot, and we think about ourselves and our future last. These unrestricted grants give you opportunities to start building these blocks of stability."
How she learned to manage the money: "Doris Duke was great because they really helped us and spoke to us about taxes. I have a financial advisor, as well. My mom is on point too! She's always guided me."
Faye Driscoll, here in her 2012 duet You're Me, says unrestricted grants have helped her think more deeply about her work. Photo by Steven Schreiber.
Unrestricted grants received: Foundation for Contemporary Arts (2013, $25,000), Doris Duke Artist Award (2016, $225,000), United States Artists Fellowship Award (2016, $50,000), Jacob's Pillow Dance Award (2018, $25,000)
How she's spent the money: "I put the FCA grant towards a down payment on an apartment. That was one of the best things I could have done, even though there's always a pressing need: paying people more, or your next big project. The other thing was last year my mom got really sick, and I had to drop everything to go be with her. Without these awards, it would not have been possible."
The best part: "Getting an unrestricted grant helped me think outside the project-by-project cycle. What about the years when you don't get anything? What are other deep needs in my life? It changes who I am, how I make work, how I think, my nervous system."
How she learned to manage the money: "I've been intimidated by it. It's taken me longer than it might have for other people to ask for help. Doris Duke partners with Creative Capital, and they have a whole booklet of suggested people to contact for financial advice. The other people who have received these awards are also helpful to reach out to. What would be really incredible would be if the reward also came with a financial advisor."
Why unrestricted grants matter: "The funding cycles affect what work gets made and when. These unrestricted grants give the artist the chance to lead a bit more. I hope the field can continue in this direction. I think it can change the climate and psychology in which art can arrive, perhaps more authentically, to the artist. And that to me is really radical, and powerful, and needed. It can let an artist be a whole human rather than a capitalist machine."
James Whiteside (Jayme Thornton for Dance Magazine)
Say you're perpetually impeccable designer Thom Browne. Say you're planning your Spring 2020 Paris menswear show along a "Versailles country club" theme. Say you want a world-class danseur to open the show with some kind of appropriately fabulous choreography.
Who do you call? James Whiteside, of course. On Saturday, the American Ballet Theatre principal—wearing pointe shoes and a glorious pinstriped tutu—kicked off Browne's presentation at the École des Beaux-Arts with a 15-minute, show-stealing solo. Whiteside choreographed the piece himself, with the help of detailed notes from the designer.
I'd been a professional dancer for five years when I realized the pain I'd been feeling in my hip and down my sciatic nerve was not going away. I had been treating it for two years as we dancers do—with regular visits to my masseuse, physical therapy, baths, ice and lots of Aleve—but I never stopped dancing. It finally dawned on me that if I kept going at the speed I was going (which was, well, speedy), the pain would only get more severe and unrelenting, and I might never dance again.
I told myself I'd take two months off, and all would be better.
That first morning when I woke up at 10 am, I had no idea what to do with myself. My life until that moment had been dictated by class and rehearsal, every hour accounted for. How should I fill the huge swath of time ahead of me?