Bank of America Corp. is the most active sponsor of symphony orchestras, theater companies and other performing arts organizations with Wells Fargo & Co. in a close second, according to IEG research.

Twenty-two percent of performing arts organizations report a partnership with Bank of America, while twenty percent report a sponsorship with Wells Fargo.

KMPG (11 percent), U.S. Bank (11 percent) and JPMorgan Chase (11 percent) round out the top five most active sponsors list.

To no surprise, banks are by far the most active category. Banks are 11.4 times more likely to sponsor the performing arts than the average of all sponsors, according to the research.

Legal services is the second most active category (6.1) followed by consulting services (4.2), insurance (3.5) and utilities (3.0).

Most Active Categories Sponsoring The Performing Arts
Most Active Categories Sponsoring The Performing Arts
Banks are 11.4 times more likely to sponsor the performing arts than the average of all sponsors.

Most Active Sponsors Of The Performing Arts
Most Active Sponsors Of The Performing Arts
Twenty-two percent of performing arts organizations with a sponsor in the financial services category report a sponsorship with Bank of America.

Sponsorship Spending On The Arts
Sponsorship Spending On The Arts
Sponsorship spending on the performing and visual arts.
*Projection.