Founded in 1963 as a United Arts Fund, ArtsMemphis works to sustain Memphis' world-renowned cultural vitality by providing grants to arts organizations and artists, making strategic investments in arts-based initiatives and serving as a connector, mentor and promoter for the arts sector. In the past 10 years, ArtsMemphis has allocated over $40 million to the arts in Shelby County. In fiscal year 2015, ArtsMemphis awarded $3 million to the Memphis arts community through more than 160 grants. The arts enhance quality of life for Memphians and are an economic driver for Shelby County – generating more than $125 million annually and employing 4,000 people. ArtsMemphis strengthens the areas arts assets by amplifying awareness, driving support and building capacity for the arts sector. ArtsMemphis' impact extends across demographic, geographic and socioeconomic barriers through the activities of 60+ grantees and partners, which vary widely in size, location and focus.