Program budgets are approved by MacArthur's Board of Directors. Working pursuant to these budgets, the Foundation approves grants and makes expenditures during the year. We share these budgets so that you can better understand the Foundation's priorities.
Budget by Program, 2014 (in millions)
Media, Culture & Special Initiatives
*In addtion to grants, U.S. Programs also authorized $11.6 million in program-related investments.