A Swedish artist uses dividends from an "unethical" investment fund (money used to buy shares in an arms dealer, a tobacco company, an alcohol company, a pornography company, and a gambling company) to fund scholarships for artists. He calls the fund, "The Pål Hollender Foundation for Ethically or Aesthetically Offended Consumers of Culture."
Hollender's foundation is itself the work of art, which is owned by the Malmö museum. Physically it consists of 13 boxes, where visitors can post their applications for a scholarship. A text on the wall outlines the foundation's constitution. The money the scholarship holders receive is intended "to promote insight or further education among cultural consumers with respect to what is commonly thought of as respectable culture". Applicants must sign a declaration stating that they feel or have felt offended either ethically or aesthetically by culture.
Swedish artist uses "unethical" cash to fund cultural scholarships
(via We Make Money Not Art)
