A more common way to support burgeoning artists is to give their work exposure, but some places are giving them "career development grants" to pursue their craft further.
"What's the best way for an 'emerging artist' to enjoy maximal exposure—hang one of their paintings on a wall (the former approach), thereby exposing their work to buyers and other industry-types, or award them "career development grants" (the latter) to allow them to create work, develop studios, buy materials, pay for living expenses and health care, and pay down student debt?
"Of course, we imagine artists would be perfectly content with either option. Or better yet, both."--Mike Scutari, Inside Philanthropy
Photo by Gerda Feldmeier-Bold - Own work, CC BY-SA 4.0, via https://commons.wikimedia.org/w/index.php?curid=48901556