2015 Annual Report Contents. 2015 Highlights ---- 04 A Year in Review ---- 08 NCAF Overview ---- 14 Organization ---- 16 Duties ---- 16 Board Members ---- 17 Grants ---- 18 Regular Grants ----22 Project Grants ---- 33 National Award for Arts ---- 44 Introduction to the Recipients ---- 46 Research and Development ---- 50 Establishing Art Think Tanks ---- 52 Arts/ Industry Collaboration ---- 55 Public Relations and Resource Development ---- 56 Arts and Business Partnerships ---- 58 Arts Information and Arts Promotion ---- 63 Financial Performance ---- 66 Funds Management Overview ----68 ----- 2015 Regular Grants Analysis ---- 34 Comparison Chart of Past Years’ Grant Cases and Amounts ---- 35 First-time Grant Recipients Analysis ---- 36 Balance Sheet --- 70 Income statement ---- 72 Statement of Changes in Net Worth ----73 Cash Flow Statement ---- 74