Accepting Gift of Funding for the Grand Teton Music Festival From Donor with Political Agenda

TitleAccepting Gift of Funding for the Grand Teton Music Festival From Donor with Political Agenda
Publication TypeCase Study
Year of Publication1998
AuthorsLadenson, R
Corporate Authorsof Center for the Study of Ethics in the Professions, IIT
Date Published08/2011
PublisherCenter for the Study of Ethics in the Professions, Illinois Institute of Technology
Publication Languageeng
KeywordsArts , business , professional , professional responsibility
AbstractFoster Friess, a wealthy manager of a multi billion dollar mutual fund loves music, but strongly believes that government agencies should not subsidize the arts. "Why should the single mother who makes $6 an hour as a clerk be subsidizing ... my seats at the symphony through the local, state, and federal taxes taken out of her paycheck", asks Mr. Friess. Recently Mr. Friess offered a donation of $40,000 to the Grand Teton Music Festival in Jackson Hole, Wyoming, which has an annual budget of $1.2 million, on the condition that the Festival not accept a grant of $10,950 from the National Endowment for the Arts, an agency of the federal government. Assume you are on the Board of Directors of the Grand Teton Music Festival. Do you vote to accept or reject Mr. Friess's offer? If so, why? If not, why not?
NotesCase from the February 26, 1998 Intercollegiate Ethics Bowl. Copyright Robert Ladenson, Center for the Study of Ethics at the Illinois Institute of Technology, 1998.
URLhttp://ethics.iit.edu/EEL/Friess.pdf
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