Folkmoot festival faces financial struggles

From the Smoky Mountain News:

The popular Folkmoot international festival will become a shadow of its current self in 2014 if its financial outlook doesn’t take a quick turn for the better.

A culmination of items — the elimination of government support, mediocre ticket sales and less than needed additions to its sponsorship base — have led to the erosion of Folkmoot’s reserve fund.

Folkmoot is losing about $50,000 a year. As of yet, it has been unable to close that gap despite increased revenue from sponsorships and grants and cuts in expenses.


SHARE

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.