fromThe Art Newspaper - International art news and events
6 days agoEvery buck you make: are endowment funds, with help from the likes of Sting, the future for museums?
Tate's plan to secure its future by building an endowment fund worth £150m by 2030 has sparked debate in the UK museum sector about whether such a funding model could sustain national and regional institutions long-term. Endowments are less widespread in the UK than in the US, where the top 45 museums hold such funds worth more than $40bn in aggregate, according to UpStart Co-Lab figures.