YoungArts 2023-24 Annual Report
Letter from our President & CEO
Dear Friends,
The 2023-24 season was one of remarkable growth and impact for YoungArts, marked by record-breaking participation, field-shifting programs and transformative opportunities for artists across the nation. Through our signature programs, new initiatives and invaluable partnerships throughout the arts ecosystem, the year represented a strengthening of our resolve and efficacy in supporting artists at pivotal moments throughout their creative journeys.
YoungArts’ mission is to identify exceptional young artists, amplify their potential, and invest in their lifelong creative freedom. From recognizing hundreds of young artists through our national competition, to piloting a new professional development and financial skills curriculum, to distributing nearly $2.7 million to artists through financial support and employment opportunities, we are proud to continually evolve resources that provide artists with critical recognition and encouragement, and enable them to develop their practices, reach broader audiences and build sustainable careers.
None of this would have been possible without your generous support and investment in our mission. As you explore the stories and achievements outlined in this report, know that you are an essential part of this journey, helping us ensure a vibrant future for artists.
With gratitude,
Clive Chang
President & CEO
YoungArts
Identify
The 2024 YoungArts competition drew a record-breaking 9,232 applicants, representing the immense talent and creativity of young artists nationwide. From this pool, 660 artists from 42 states and territories of the United States earned the distinction of being named YoungArts award winners, gaining national recognition for their exceptional artistry and receiving critical early encouragement as they embark on their artistic careers. Of these winners, 227 had the unique opportunity to collaborate with peers and learn from industry leaders through National YoungArts Week in Miami and YoungArts Lab programs in Los Angeles and New York City. In recognition of their achievements, a total of $754,958 in cash awards was distributed among the 2024 winners.
I feel like [YoungArts is] such a big deal for young people because it’s really just letting us know you’re
seen, you’re heard and people support you.
I think that [the New York Lab] is something that I’ve never really experienced before on this scale… getting into this creative space with people outside of my discipline really taught me a lot and taught me how to collaborate.
Who did we identify in 2023-24?
Discipline
Text-Only Chart Data: 2024 YoungArts Winners
2024 YoungArts Awards by Discipline
Classical Music: 158 awards (22.7%);
Voice: 121 awards (17.4%);
Jazz: 112 awards (16.1%);
Writing: 98 awards (14.1%);
Dance: 69 awards (9.9%);
Theater: 34 awards (4.9%);
Photography: 31 awards (4.5%);
Film: 30 awards (4.3%);
Visual Arts: 25 awards (3.6%);
Design: 17 awards (2.4%).
Amplify
Catalyzing their artistic journeys beyond their competition-winning year, artists received transformative opportunities to advance their practices, expand their audiences and grow their careers. Pianist Adrian Zaragoza (2022 Classical Music) made his Lincoln Center debut in November 2023 alongside nine other accomplished contemporary pianists in Philip Glass’s The Complete Piano Etudes, curated and produced by partner Pomegranate Arts. In a collaboratively produced video feature, Zaragoza and fellow YoungArts alum and featured pianist Timo Andres (2003 Classical Music & U.S. Presidential Scholar in the Arts) discuss the philosophies behind their artistry and the unique experience of performing this iconic repertoire for the public.
Through partnerships with institutions across the country, including The Nimoy at CAP UCLA and New Art Dealers Alliance (NADA), 61 artists were supported with over $60,000 in payments for career-amplifying opportunities during the 2023-24 season.
Invest
Beyond fostering artistic opportunities, YoungArts provided artists with critical financial support in 2024, including cash awards, grants, monthly microgrants of up to $5,000, and fellowships. Through these initiatives, YoungArts collectively distributed nearly $800,000, offering sustaining support for artists’ creative endeavors. This season also marked the launch of Artist Resource Collective (ARC), a groundbreaking financial wellness program funded by the Berkowitz Contemporary Foundation and designed in collaboration with David Thomson. Led by artists for artists, ARC equips participants with essential financial tools and knowledge, reflecting YoungArts’ commitment to integrating financial literacy into artistic education. As a core pillar of YoungArts’ future work, ARC underscores the belief that empowering artists with financial skills is vital to their long-term success.
There’s a certain skill, developed over years, in knowing how to navigate the art world as a business—how to value your work, protect your rights, and negotiate with confidence. These lessons often come from mentors and teachers, and I’m deeply grateful for the wisdom they’ve shared.
ARC helped me build the courage to take critical steps to alleviate my financial peril and helped me develop a system of accountability to sustain my practice.
2023-24 Financials
Revenue
Expenses
Text-Only Chart Data: 2023-24 Financials
2023-24 Revenue
Individuals: FY23 ($3,187,385), FY24 ($2,768,218);
Corporations: FY23 ($1,264,714), FY24 ($2,012,473);
Foundations: FY23 ($7,751,889), FY24 ($8,654,373);
Government: FY23 ($356,771), FY24 ($359,871);
Earned Income: FY23 ($146,118), FY24 ($321,640);
Endowment Income: FY23 ($3,225,420), FY24 ($4,554,076).
2024 Expenses
Programs: $11,946,075 (79%);
General and Administrative: $1,073,998 (7%);
Advancement: $2,109,270 (14%).
2023-24 Expenses
Programs: FY23 $10,279,333 (75%), FY24 $11,946,075 (76%);
General and Administrative: FY23 $1,152,262 (7%), FY24 $1,073,998 (9%);
Advancement: FY23 $2,050,362 (18%), FY24 $2,109,270 (15%).
| Assets | 2024 | 2023 |
|---|---|---|
| Cash | $7,375,747 | $6,829,199 |
| Contributions and other receivables | $1,932,936 | $1,290,756 |
| Prepaid expenses and other assets | $657,343 | $433,039 |
| Interest in charitable remainder unitrust | $127,420 | $121,834 |
| Investments | $51,212,191 | $48,446,319 |
| Property and equipment, net of depreciation | $25,521,960 | $25,868,384 |
| Total Assets | $86,827,597 | $82,989,531 |
| Liabilities and Net Assets | 2024 | 2023 |
|---|---|---|
| Liabilities | ||
| Accounts payable | $824,081 | $527,322 |
| Total Liabilities | $824,081 | $527,322 |
| Net Assets | ||
| Without donor restrictions | $40,001,443 | $39,318,116 |
| With donor restrictions | $46,002,073 | $43,144,093 |
| Total Net Assets | $ 86,003,516 | $82,462,209 |
| Total Liabilities and Net Assets | $86,827,597 | $82,989,531 |
The information presented reflects the consolidated 2023–2024 audited financials which include both the National Foundation for Advancement in the Arts, Inc. (d.b.a. YoungArts) and the National YoungArts Foundation Supporting Organization.
Thank You
Many people make YoungArts programming a reality, and we are grateful for the time, energy and experience you share.
Board of Trustees
As of June 30, 2024
Sarah Arison | Board Chair
Richard Kohan | President of The Board
Zuzanna Szadkowski, 1997 Theater & U.S. Presidential Scholar in the Arts | Secretary
Richard S. Wagman* | Treasurer
Derrick Adams
Doug Blush, 1984 Film
Hampton Carney
Linda Coll
Natalie Diggins
Kristy Edmunds
Jonathan Flack
Danielle Garno, Esq.
Rosie Gordon-Wallace
Michi Matter Jigarjian
Jason Kraus
Steven Marks, Esq.
Lauren Matthiesen
Michael McElroy, 1985 Theater
Dr. Joan Morgan
John J. O’Neil, Esq.
Glenda Pedroso
Victoria Rogers
Jean Shin, 1990 Visual Arts & U.S. Presidential Scholar in the Arts
Sandra Tamer
Debi Wisch
Maurice M. Zarmati
Trustees Emeritus
Armando M. Codina
Meryl Comer
Justin DiCioccio
Agnes Gund
John J. Kauffman
Dr. Ronald C. McCurdy
Dr. Eduardo J. Padrón
Desmond Richardson, 1986 Dance & U.S. Presidential Scholar in the Arts
Marcus Sheridan
*Denotes Trustee Emeritus
YoungArts Staff
2023-24 Supporters
$1M+
Anthropologie
Barbara and Amos Hostetter
John S. and James L. Knight Foundation
$500,000-$999,999
7G Foundation / Michi and Charles Jigarjian
$100,000-$499,999
Micky and Madeleine Arison Family Foundation
Sarah Arison and Thomas Wilhelm
Berkowitz Contemporary Foundation
Jeffrey Davis and Michael Miller
State of Florida, Department of State, Division of Arts and Culture
Agnes Gund
Miami-Dade County Department of Cultural Affairs
Northern Trust
PricewaterhouseCoopers LLP
Psycho Bunny
Rockefeller Brothers Fund
Sidney and Florence Stern Family Foundation
SunChips / Frito-Lay North America, Inc.
Sandra and Tony Tamer
Bruce and Ellie Taub
Lynn and Louis Wolfson II Family Foundation
$50,000-$99,999
Aon
The Horace W. Goldsmith Foundation
Leslie and Jason Kraus
Melony and Adam Lewis
Ashley Longshore
Steven and Oxana Marks / Podhurst Orseck
The Jorge M. Pérez Family Foundation
Emily and Mitch Rales
Christopher Rim / Command Education
Jen Rubio and Stewart Butterfield
UBS Financial Services, Inc.
$25,000-$49,999
The Arnhold Family
Cornelia T. Bailey Foundation
The Batchelor Foundation, Inc.
Bloomberg Philanthropies
Christian Louboutin
David Dechman and Michel Mercure
Natalie Diggins and Oren Michels
The Giving Bee Family Foundation
Hearst Corporation
JP Morgan
Marni
Craig Robins and Jackie Soffer
Jerry Speyer and Katherine Farley
Wells Fargo
The Wisch Family Foundation
$10,000-$24,999
291 Agency
Arquitectonica Foundation
Jill Braufman and Daniel Nir
The Alvah H. and Wyline P. Chapman Foundation
Meryl Comer
Paula Crown and The Crown Family
Dietl International Services / Rock-It Global
Ehrenkranz Family Foundation
The Fine and Greenwald Foundation, Inc.
Jeff Gates and Mike Moran / Gates Capital Management
The Kirk Foundation
Richard and Amy Kohan
Lauren Matthiesen
The John P. and Anne Welsh McNulty Foundation
City of Miami Beach, Cultural Affairs Program, Cultural Arts Council
Miami Downtown Development Authority
Paul Wilmot Communications*
Corey Robinson
Jamie and Robert Soros
Tarin and Andrew Teno
Laurie Tisch
$5,000-$9,999
Shelley Fox Aarons and Philip Aarons
Anthony R. Abraham Foundation
BDT & MSD Partners
Jill and Jay Bernstein Family Foundation
Braman Miami
Rona and Jeffrey Citrin
Robert and Joan Clifford
Bill Contente
The DeBlasio Family Foundation
Yulia Dultsina and Kirill Goncharenko
Egon Zehnder
Katherine Embiricos
Edward Fisher
Jane Hait
Christine and Jeff Kauffman
KAWS INC.
Marley Lewis
Meserve-Kunhardt Foundation, Inc.
Natalie Norfus
Glenda and Roberto Pedroso
Charlie Pohlad
Daniel Rodriguez
Sheldon and Susan Schneider
Paul and Jenna Segal Family Foundation
Troy and Miriam Templeton
Trivest Partners, L.P.
Sue and Beau Wrigley
$1,000-$4,999
ALMA Communications
Leith Alvaro
Americans for the Arts
Ariel Investments, LLC
Art Basel U.S. Corporation
Spencer Bailey
Bal Harbour Village
Alec Batis
Chloe Berkowitz
Paul and Maureen Berkowitz
Jill Brienza
The Peter and Lucy Chang Family Foundation
The Cowles Charitable Trust
Kimberly Cullen
Nina Del Rio
Kevin Dolan
Dana Farouki and Mazen Makarem
Jonathan and English Flack
Vallejo Gantner
Danielle and Gregory Garno
Alex Gartenfeld
Jay Gartner
Andrea Guttag
Deana Haggag
Ronnie Heyman and Ward Blum
Debi and Larry Hoffman
Glen Irani and Edith Beaucage-Irani
Sharon Kirkpatrick
Iva Kosovic Duvin
Malinda and David Krantz
Rebekah Lanae Lengel
Mikey Lev
Michael and Jeannie Liburd
Lily Liebel
Mahadeva Family Foundation
Philip Margolius
Davina Mazaroli
Brittany McVicker Jacobs
Milanote
Thea and Robert Mitzman
Multistudio
Neuberger Berman, LLC
Anne Pasternak
Paul Wilmot Communications
Lee Quiñones and Tamara Warren
Marlies Verhoeven Reijtenbagh and Jacco Reijtenbagh
Oti and Remi Roberts
Victoria Rogers
Joanne Rosen and Amy Cappellazzo
Lisa Roumell and Mark Rosenthal
Carla Shen
Dee Dee Sides and Michael Weissman
Snøhetta
Marieclaire St John-Mellen and Alex Mellen
Douglas Summer
Sungwu Sun
Jasmine Wahi
George Wells
Todd White and Cameron Carani
Debi and Steven Wisch
Arden Wohl and Jonah Freeman
Elaine Wolbrom
Terry and Jason Zucker
Up to $999
Frederick Abeles
Melissa Aiello
Krizia L. Alba
Anne Angevine
Harvey Austin
Matthew Bailey
Jacomo Bairos
John and Federico Beadel
Dena Benavidez
A&L Berg Foundation
Teresita Bermudez
Theodore and Lynne Bernstein
Dulce Blacher
Bloomberg Matching Gift
Rachel Bonaccorso Lindsay
Jason Boyle
Robert and Deborah Brailas
Clive Chang and Chad Tendler
Annalily Charles
Cherry Assets
Lee Cohen
Anita Contini and Stephen Van Anden
Janelle Currin
Nick DaCosta
Duke Dang and Charles Rosen
Anthony Dargahi
Deanne Paul, Inc.
Mary Deschler
Ali Diaz
Peter and Bonnie Dockter
Elaine Dondoyano
Ralph Donofrio
Donna Lane and James Downey
Craig Dunlap
Craig Dykers and Elaine Molinar
Aytan Eldarova
Raúl Falcón
Whitney Ferguson
Ileana Figueroa
Colten Fisher
Kevin Fletcher
Kristin Fonseca
Justin Fossella
Michelle Gerdes
Paul Ginter
The Goldbas Family
David and Jeri Goldstein
Jennifer Goldyn
The Samuel & Grace Gorlitz Foundation
Sarah Watson Gray
Stephanie Greene
Jonathan Grunert
Jeffrey Hamilton
Carolyn Herr
Cecilia and Andrew Hevia
Melody and Troy Hicks
Margaret Hino
INHOUSE COMMERCIAL
Innovative Artists
Kalyn James
Jenna Janacek
Mary Jeffers
Joe Johnston
Stephanie Johnston
Lauren Jolliffe
Edward and Judith Joyce
Julie Jurrjens
Amy Kampf
Roman Karaoglanov
Vanessa Keyes
Ronald and Petta Khouw
Jonathan Khuner
Kenneth Klegar
V. Wensley and Wendy Koch
Beth Kreider
Alyssa Krop-Brandfon and Joshua Brandfon
Elliot Kula
Amy Lange
Evangeline Lee
Cathy Leff
Sydney Leiser
Diane Levy
Eric Lin
Rebecca Mackenzie
Josybel Martinez
Linda Mastrone
Spring and Sean McManus
Mary Meyer
The Miami Foundation
Kyle Mitchell
Lisa Mitchell
Julie Muir
Joann Myles
Elizabeth Nelson
Melissa Netkin
Robert Newman and Judi Prokop Newman
Lyse Norian and Kevan McClaflin
Open Water*
The Opp-Guide to Community Service, Inc.
Marcela O’Shaughnessy
Molly O’Shaughnessy
Virginia Otazo
Wynn Parrott
Meagan Pate
Natalie Pavluk
Sarah Perry
Jim Pesek
Sofia Philo
Ross Pivnik
Gautam Prakash
Wei Qin
Carly and Michael Rahaman
Tanya Reid
Paul Reigel
Timothy Rogier
Virginia Romano
Mary Rossi
Scott Rothkopf
Johanna Rousseaux
Stephania Salaverria
Patrizia Sandolo
Beth Sapery and Rosita Sarnoff
Claire Shirley
Marlene Sholod
Laurie Silverman
Ryan, Steve, Isaac, and Zev Silvers
Christopher Steinhauer
Suzanne and Henry Stolar
Sunrise Production Rentals LLC
Sweet Chemistry
Joane Tabet
Pamela Tatge
Scott Teeter and Peg McCarthy
Sarah-Leah Thompson
Stephanie Tiago
Jackie Traurig
Nikki Weisburd
Robert Weitz
Ana Westreich
Mollie Wheeler
Christopher Williams
Allison and James Wilt
Shawn Wright
Elham Yazdi
Christine Young
Lauren Zavala
YoungArts also thanks those donors who wished to remain anonymous.
*Denotes in-kind support