The Kenneth Rainin Foundation is proud to announce that it has joined forces with several community partners to launch the Community Arts Stabilization Trust (CAST). This new initiative was created to support the long-term stability of arts organizations in the resurgent Central Market and Tenderloin neighborhoods in San Francisco, CA.
The Foundation has committed $5 million over five years as seed funding to pilot CAST. Mayor Edwin M. Lee and District Six Supervisor Jane Kim recently joined CAST board members and others to announce the formation of CAST and its purchase of two buildings. Mayor Lee emphasized that the arts are critical to San Francisco’s booming innovation economy and help weave the social fabric that promotes economic and cultural diversity.
A former adult theater located on 80 Turk Street will be the new home to CounterPULSE, a cornerstone of the Bay Area performing arts community. The building at 1007 Market Street, previously at risk of sale, will continue to be occupied by the Luggage Store Gallery. Both organizations have been operating in San Francisco since the early 1990s. Each will work closely with CAST to build their capacity to purchase these buildings in the next 7-10 years, ensuring that the arts will continue to play a central role in the neighborhood’s vibrancy.
“The Foundation has long supported arts organizations in San Francisco and over the years, the issue of affordable space emerged as one of the biggest threats to their vitality. CAST represents the culmination of many talented people working together and investing their time and expertise to bring this idea to life,” said Shelley Trott, the Foundation’s Senior Program Officer for the Arts. “With additional support from foundations, individuals and investors, CAST can expand its efforts to sustain these important institutions.”
About Community Arts Stabilization Trust (CAST)
CAST purchases and leases space for the exclusive use of nonprofit arts organizations while also providing these groups with technical assistance to develop and expand their capacity to fundraise,
manage their facilities effectively, and potentially own their building. CAST is seeking additional support for its capacity building efforts and expansion. For more on CAST, visit cast-sf.org.
- View the video of the announcement by Mayor Ed Lee and Supervisor Jane Kim about the Community Arts Stabilization Trust (CAST) and its partners.
- You can also visit Cast in the News for coverage of the announcement.