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The Fund for the Arts is the oldest united arts fund in the country and has raised over $157 million since its establishment in 1949. Today the Fund provides financing, facilities and administrative support for twenty-seven area arts groups and programs. In addition, over 200 community access grants are awarded annually to community groups and schools in Kentucky and Southern Indiana. In addition to operating the only community-wide fundraising effort for the arts, a sister organization of the Fund for the Arts owns and manages ArtSpace. ArtSpace is a mixed-use development that includes the Brown Theatre, as well as a non-profit business incubator, arts administrative offices, classrooms, meeting spaces, a rehearsal hall and costume shop.