This document outlines five potential wealth benefits of public funding for the arts: developing national/regional identity; promoting social cohesion and national prestige; supporting experimental and innovative work; preserving options for future generations; and generating economic spillovers. However, the document notes that some of these benefits may also apply to other activities like sports or religion. It argues that distinguishing private from public benefits and commercial arts from state-funded arts is important when considering the rationale for government arts funding.