Model & Strategy
Community Arts Stabilization Trust (CAST) is a nonprofit real estate development and holding company that creates affordable – below-market rate – workspace for artists and arts organizations in San Francisco. CAST brings together technical assistance, real estate expertise and innovative financial vehicles that are used to secure permanent spaces in urban city centers for small and mid-sized community arts and culture organizations. In doing so, CAST provides the time and space for critical arts and culture organizations to develop the financial capacity and stability to ultimately purchase their own space.
Moy Eng is a 30-year veteran in the nonprofit sector working as a senior executive, management consultant and grantmaker in arts and culture, international human rights, immigrant rights, lesbian and gay rights and domestic and international renewable energy policy. In addition to CAST, from the mid-1990s through the 2000s, Moy led efforts to invest:
-$2M to commission landmark studies on the state of arts education in California by SRI which helped to secure $800M in new state funding for arts education
-$20M for the creation of over 750,000 square feet in new permanent arts spaces across Bay Area such as ODC, Freight and Salvage, Los Cenzontles, East Bay Performing Arts Center and Tannery Arts Center.
Moy was also recipient of the 2009 Premier Dream Catcher award from the San Francisco Unified School District, California Arts Council Director’s Award, and 2013 American Leadership Forum of Silicon Valley Class XXV.
CAST’s mission and work put a permanent stop to San Francisco and Oakland’s loss of cultural assets, organizations at great risk of displacement in one of the most expensive real estate markets in the U.S. To date, CAST has purchased and opened two buildings in central San Francisco which house two contemporary arts organizations serving an estimated 95,000 people yearly or one in eight San Franciscans. Currently, another four arts center projects are in development, totaling over 100,000 square feet in San Francisco and Oakland.
CAST launched work to create a dynamic city-wide map of cultural facilities as a tool for CAST, urban planners, policymakers, and institutional and individual funders of cultural facilities.
This year alone, Amsterdam, Austin, Denver, Los Angeles, Seattle, Sydney, and Vancouver are looking at CAST as a model. In February 2019, The City of London launched its Creative Land Trust, a loan fund modeled on CAST for artistic and creative enterprises to acquire workspaces.