$3,000,000 To Be Handed Out With No Strings Attached as US Nonprofit Powers Guaranteed Income Program for Artists

A US nonprofit says it’s preparing to hand out $3 million to people struggling to make ends meet.

The Springboard for the Arts nonprofit says it is extending Minnesota’s Guaranteed Income for Artists pilot program to a period of five years.

Participants in the program will be drawn from two counties in the North Star State and will receive no-strings-attached monthly payments of $500 for the five-year period.

“This addition will bring the total to 100 participants, evenly split between St. Paul and Otter Tail County, cementing its position as the only guaranteed income program in the nation to include rural artists.”

The nonprofit says participants in the Guaranteed Income for Artists pilot program will receive various support services besides the payments.

“As part of a new partnership with LSS Financial Counseling, Springboard for the Arts will also provide all pilot participants with “wrap-around” services – a comprehensive set of support resources that build long-term economic stability and financial well-being. These include personal finance guidance, student loan debt assistance, and housing counseling.”

Potential beneficiaries of the guaranteed income program will be randomly selected from the pool of applications that will be received. The deadline for submission of applications for the additional 25 artists is November 15th. Beneficiaries will begin receiving the no-strings-attached monthly payments in January, according to The Minnesota Star Tribune.

Minnesota’s Guaranteed Income for Artists pilot program is funded by the Bush Foundation, Kresge Foundation, McKnight Foundation and other private foundations, according to Springboard for the Arts.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post $3,000,000 To Be Handed Out With No Strings Attached as US Nonprofit Powers Guaranteed Income Program for Artists appeared first on The Daily Hodl.