The Exchange (formerly the Woman’s Exchange) announced that it will award $310,500 to 18 regionally based arts and cultural organizations and 15 students. The awards will be given at an invitation-only event at The Exchange on June 9. The largest award is for $60,000 and is being given to the Asolo Rep in memory of Elizabeth (“Liz”) Lindsay, who was the co-founder of The Exchange and served on its board for 60 years. Lindsay, a long-time pillar in the Sarasota art community, died in January.

“We’re honored to play an integral role in our region’s rich arts and cultural industry,” says Karen Koblenz, The Exchange’s executive director and CEO. “These funds are game-changing for our grantees, who often credit The Exchange for supporting pivotal moments in their success.” Koblenz points out that the organizational grants are for specific projects and outreach programs, including performances, exhibitions, education initiatives and special series. She explains that The Exchange’s board bases its granting decisions on the long-term stability and financial health of the organizations, the program’s overall appeal to the public and the educational impact these programs will have on area students. Individual scholarships are awarded based on grade point average, the individual’s artistic goals and achievements, and letters of recommendation. “We’re especially interested in programs that explore diversity, nurture educational opportunities, and promote a vibrant and civically engaged community,” says Koblenz. “The cultural arts industry plays a pivotal role in our region’s economic health and serves as a magnet for tourism. We’re proud to invest in our home-grown creative talents.” She adds that the monies used for these grants and scholarships were earned entirely through the organization’s 15,000-square-foot consignment boutique in downtown Sarasota. In November 2021, The Exchange retroactively awarded a total of $257,000 for the 2021-2022 fiscal year. Since 1962, The Exchange has awarded more than $9 million in grants to local non-profits and high school and college students pursuing a higher education in the arts.