These are good days for arts organizations, at least when it comes to securing corporate sponsorship.

Sponsorship spending on performing arts organizations, symphony orchestras and other arts organizations is expected to total $1.03 billion in 2018, a 3.7 percent increase from 2017, according to ESP research.

The spending increase represents the largest year-over-year increase since 2006.

The increased spend is largely due to the rebound in overall sponsorship spending rather than any specific factors. ESP expects North American sponsorship spending to grow 4.5 percent in 2018 following the 3.6 increase in 2017.

As has been the case for years, banks are the most active category sponsoring the arts. Banks are eight times more likely to sponsor the arts than the average of all categories.

Bank of America maintains its status as the most active sponsor. Bank of America sponsors 50 percent of arts organizations with a sponsor in the bank category, according to ESP data.

Sponsorship Spending On The Arts
Sponsorship Spending On The Arts
*Projection

Projected 2018 Shares Of North American Sponsorship Market
Projected 2018 Shares Of North American Sponsorship Market

Most Active Categories Sponsoring The Arts
Most Active Categories Sponsoring The Arts
Banks are eight times more likely to sponsor the arts than the average of all sponsors

Most Active Brands Sponsoring The Arts
Most Active Brands Sponsoring The Arts
Fifty percent of properties with a sponsor in the bank category report a partnership with Bank of America.