In this paper SMU DataArts shares findings and observations about the working capital levels of arts and cultural organizations, with particular emphasis on BIPOC-serving organizations. They offer suggestions for grantmakers as they invest in the recovery and rebuilding efforts of their grantees. As cultural organizations adapt for an uncertain future, SMU DataArts recommends they undertake immediate planning to assess short-term liquidity needs and identify strategies for stabilizing and restoring healthier working capital post-pandemic.