Arts Groups Face Funding Loss as Altria Splits

Altria, the parent company of Philip Morris USA and Philip Morris International, has been one of the biggest corporate sponsors of the arts. That will change, however, when the company decentralizes its authority and moves from New York City to Richmond, Va.

Hardest hit will be arts groups in New York City, which will lose hundreds of thousands of dollars in large grants. But Altria also gives grants to dozens of small to large arts groups across the United States.

Now those groups are having to fill the gaps in funding.

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