I was reading about a woman who put her San Francisco home up for sale at 2005 prices with the condition that the buyer sign a “cultural promissory note.”
Finally, they had to offer a 10-year “cultural promissory note”: a legally binding, decade long commitment to provide something of cultural value—theater tickets, writing lessons, organic produce from “your uncle’s farm in Salinas”—to the community or Lee herself.
San Francisco being San Francisco, the seller received bids from prospective buyers who promised to put in a decade of volunteer journalism for El Tecolote or donate 30 bottles of wine a year to a nonprofit organization. In other words, value: Buyers were promising their time, skills, assets, or donations in kind in place of cash up front.
I just love the opportunities the term “cultural promissory note” hints at.
Separate from any sort of real estate dealings, I wondered if there were any advantage to arts organizations providing an option to sign some sort of similar cultural promissory note or be a potential beneficiary of a cultural promise.
For example, in addition to requiring someone to help with administrative and maintenance work in exchange for studio space or access to resources, have people submit a proposal stating what other contribution they will make to the organization or general community.
By the way, the winning bid on the San Francisco condo included:
…a yearly free writing conference at Modern Times bookstore; a “bestseller visionary” membership to Litquake; tickets to cultural events of Lee’s choosing to the tune of $660 a year; a course at Stanford Continuing Studies, where Watrous teaches; and a donation to La Cocina, a Mission nonprofit that helps low-income women open food businesses.”
As a way to offer rewards/incentive for committing to a cultural note, perhaps people would get guaranteed orchestra section seats for back row prices, access to classes or rehearsal space, etc in return for a significant commitment to serve the interests of an arts council, cultural trust, arts district. So instead of a corporation or individual getting donor benefits at one place, they receive something for advancing the interests of multiple organizations.
I think this is probably thinking too conventionally compared to the possibilities people could come up with on their own. The people who ultimately purchased the SF condo probably put together a more varied and interesting bid than the seller might have proposed. It was also more appropriate to their abilities and general availability than anything the seller might have asked them to do.
A cooperative approach to receiving/delivering on a promissory note might be attractive to large business like a law firm that commits to working on zoning issues, property acquisition or lobbying for the creation of a cultural district. The families of their employees will have varied interests and will likely find the offerings of multiple organizations more appealing than a single entity.
The approach could also be focused on a more individual scale. For example, perhaps an incentive the Boys & Girls Club uses to hire a new director is tickets/membership donated by an arts facility. If the Boys & Girls Club is already paying to attend shows or take classes from the arts entity, those tickets/memberships may help over the long run as budgets get tighter and a decision needs to be made about what activities to cut.
Even if there isn’t an active relationship between the two organizations, that membership helps to start getting the new director invested in the community, perhaps even before they make the move and start their job.
As I say, given time and more minds, there are certainly many more intriguing possibilities that exist. The concept of “cultural promissory note” seems replete with so much potential that different places could easily create entirely different definitions of what one entails.
What would it mean to you?
Very interesting thoughts. Rather reminds me of the Ishiguro novel, ‘An Artist of the Floating World’. https://en.wikipedia.org/wiki/An_Artist_of_the_Floating_World
If only more financial transactions were as philanthropically minded!
How does it remind you of the novel? From the summaries I have read, the connection I could see was a sense of regret for what one had become, or in this case, what the real estate market hath wrought in pushing out the characteristic Mission District identity.