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Arts and Culture Entrepreneurship - ACE

About ACEF

 

The Arab Creativity & Entrepreneurship Fund was launched in 2014 as a new platform for philanthropists to support the independent arts and culture scene in the Arab region and Arab communities in the “Mahjar”. As the region is increasingly challenged to redefine itself in the face of clichés of intolerance, extremism, backwardness and political turmoil, investing in diversity, tolerance and creativity is at the heart of the matter. 

 

In 2014, ACEF secured nearly 70% of its 1 million dollar target. This percentage significantly improved in 2015 to reach 93% and 97% in 2016. We reached 100% of our target in 2017 and hope to do the same in 2018 with the continuous generosity and support of our friends and contributors.

 

By purchasing 1,000 shares at $1,000 each, shareholders in the Arab Creativity & Entrepreneurship Fund are investing a million dollars that will go to fund 50 new independent art projects. Our professional, accessible and transparent grant-making programs select the winning projects via independent juror committees that evaluate on excellence in quality, innovation, relevance to the Arab community and well-studied costs.

 

Browse this colourful and dynamic online report to learn more about exciting initiatives in all artistic fields from the Arab region and in diaspora supported by individual contributors in 2016.

 

How to acquire shares?

 

Shares can be purchased by wire transfer to AFAC’s account, listed below. Please indicate your name on the transfer instruction, the transfer amount, and the mention “ACEF”. Please also send an email to finance@arabculturefund.org notifying us of your purchase, where you heard of the Fund and your physical mailing address.

 

• You will receive an email confirmation within 2 weeks of receiving the payment.
• Your name will be credited on the ACEF page and the donors page on our website;
• You will be kept up to date with the grantees’ news and accomplishments;
• You will receive a package including some works from the projects you have funded, together with the Fund’s final report by 15 September 2018.

 

Residents of the USA benefit from tax deduction on their donations. For more information send us an e-mail here.

 

Transfer Instructions

Account Name:	Arab Fund for Arts and Culture
Bank Name:	First National Bank S.A.L
Bank Branch:	Hamra
Bank Address:	FNB - Hamra Branch, Beirut, Lebanon
Swift Code:	FINKLBBE
Account/IBAN:	LB02 0108 0000 0000 0011 8859 7002

 

Our Shareholders

 

 

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