Museums to benefit from endowments fund
Successful applicants to £56m scheme announced
The Victoria and Albert Museum and Windermere Steam Boat Museum are two of 34 English arts and heritage organisations set to benefit from the £56m Catalyst endowments scheme.
The successful organisations to the match-funding scheme will use grants of between £500,000 and £5m to attract money from private philanthropic sources.
Culture secretary Jeremy Hunt said: “With these grants, and the additional money they are bringing in, I’m delighted that we’ve been able to get a significant number of organisations on the road to long-lasting and sustainable endowments which will continue to support their work for years to come.”
The Catalyst endowments scheme is jointly run by Arts Council England, the Department for Culture, Media and Sport (DCMS) and the Heritage Lottery Fund (HLF).
A total of £25.5m was awarded by HLF, including the Sir John Soane's Museum in London; the Bowes Museum in Newgate; Pallant House Gallery in Chichester; and Arnos Vale Cemetery Trust in Bristol.
ACE-funded bodies received a total of £30.5m through the scheme, including Turner Contemporary in Margate and the Whitechapel Gallery in London. The ACE funding is for England only.
The Heritage Lottery Fund is a UK-wide body and announced two additional endowment grants. The Abbotsford Trust in Melrose and the Linen Hall Library in Belfast each received £1m.
Jenny Abramsky, chairwoman of HLF, said the endowments scheme would help boost private giving across the heritage sector.
“Alongside our plans to build the fundraising capacity of smaller groups, we expect the programme to form part of a shift in approach to philanthropic giving that will help build financial resilience and attract new money to heritage groups of every size.”
The endowments scheme is one of three Catalyst strands. ACE previously announced 173 recipients to the £30m arts strand, but the capacity building strands for arts and heritage organisations with little or no fundraising experience has been delayed and will not be launched until the autumn.
Hunt has also announced that extra work would be done to explore the potential of legacy giving, digital giving and philanthropy outside of London.
The successful organisations to the match-funding scheme will use grants of between £500,000 and £5m to attract money from private philanthropic sources.
Culture secretary Jeremy Hunt said: “With these grants, and the additional money they are bringing in, I’m delighted that we’ve been able to get a significant number of organisations on the road to long-lasting and sustainable endowments which will continue to support their work for years to come.”
The Catalyst endowments scheme is jointly run by Arts Council England, the Department for Culture, Media and Sport (DCMS) and the Heritage Lottery Fund (HLF).
A total of £25.5m was awarded by HLF, including the Sir John Soane's Museum in London; the Bowes Museum in Newgate; Pallant House Gallery in Chichester; and Arnos Vale Cemetery Trust in Bristol.
ACE-funded bodies received a total of £30.5m through the scheme, including Turner Contemporary in Margate and the Whitechapel Gallery in London. The ACE funding is for England only.
The Heritage Lottery Fund is a UK-wide body and announced two additional endowment grants. The Abbotsford Trust in Melrose and the Linen Hall Library in Belfast each received £1m.
Jenny Abramsky, chairwoman of HLF, said the endowments scheme would help boost private giving across the heritage sector.
“Alongside our plans to build the fundraising capacity of smaller groups, we expect the programme to form part of a shift in approach to philanthropic giving that will help build financial resilience and attract new money to heritage groups of every size.”
The endowments scheme is one of three Catalyst strands. ACE previously announced 173 recipients to the £30m arts strand, but the capacity building strands for arts and heritage organisations with little or no fundraising experience has been delayed and will not be launched until the autumn.
Hunt has also announced that extra work would be done to explore the potential of legacy giving, digital giving and philanthropy outside of London.