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.


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