Oregon Cultural Trust grows out of its challenging infancy
There was a time when people thought the Oregon Cultural Trust would have about $80 million socked away in an endowment by now and given away nearly $40 million to the state's arts, heritage and humanities organizations.
The reality has turned out to be something more modest: There is but $5 million in an endowment originally projected to reach $200 million by 2011.
And instead of nearly $40 million in grants, the trust has given out about $3.76 million.
But proponents of the trust, a landmark initiative still unmatched in any other state, still have something to crow about.
I love how our local media describe things that only Oregon is stupid enough to do. The Cultural Trust simply takes dollars that could otherwise go to public safety or schools and gives them to people who without government grants would probably be homeless. Can't imagine why no other state has a cultural trust.
What would we do without public art like this?