Why Businesses Are Still Giving To the Arts
F and M Bank donates an average of $100,000 a year to the Pacific Symphony.
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The company donates "seven figures a year," according to Simon, to the Omaha Symphony, the Omaha Performing Arts Society and Opera Omaha, among others. Simon cites a local 2007 study showing that every $1 million added to the budgets of Omaha's nonprofit arts organizations generates three times that amount in economic activity, plus $1 million in wages and salaries and almost $1 million in annual state and local taxes. Simon's executive summary: "You can't argue with those kinds of numbers ... especially when you consider the power of the arts to educate, energize and bring people together."
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