Earlier this year, the Andy Warhol Foundation for the Visual Arts disbanded its authentication committee in part to reflect its intent to shift focus toward maximizing “grant making and other charitable activities.”  Earlier this week, the Portland Institute of Contemporary Art announced that with the support of the Warhol Foundation, it will launch the Precipice Fund, a new grant-giving initiative for Portland-based unincorporated visual art collectives, alternative spaces, and collaborative projects.  The fund aims to provide fifteen to twenty small grants, ranging from five hundred to five thousand dollars, for a total of seventy-five thousand dollars annually.