The HLF writes:<\/p>\n
Helping people explore, enjoy and share their heritage, in all its diversity, is at the core of all we do at HLF. But that principle firmly relies on our heritage being open and accessible to the public, as well as safeguarded for the future.<\/p>\n
As in any industry, an over reliance on a single source of income has the potential to weaken the resilience of a heritage organisation.\u00a0 Diversification is key and that\u2019s why today we\u2019ve launched Heritage Endowments.\u00a0 Heritage Endowments will enable organisations to create financial reserves that can be drawn on and invested to create a regular source of annual income.<\/p>\n
Now, these are challenging economic times and we appreciate that building an endowment and attracting philanthropic giving isn\u2019t easy.\u00a0 But where Heritage Endowments helps is by providing grants of \u00a3250,000, \u00a3500,000 or \u00a31million that will be matched pound for pound by private donations.<\/p>\n
Ros Kerslake, Chief Executive of HLF, said: \u2018Building an endowment is one way heritage organisations can enhance their long-term reserves, which is vital for financial resilience.\u00a0 In this difficult economic landscape that\u2019s a challenging ask but Heritage Endowments is there to provide the boost needed to make it\u00a0happen.\u2019<\/p>\n
This new endowments programme builds on the success of Catalyst Endowments.\u00a0 A partnership between the Department of Culture, Media and Sport, HLF and Arts Council England, Catalyst has helped over 30 heritage organisations diversify their income streams by attracting private donations to create endowments. Heritage Endowments aims to continue this success.<\/p>\n
View the press release<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A new programme has been launched by the Heritage Lottery Fund (HLF) called \u2018heritage endowments\u2019 aiming to help organisations create a regular annual income. The HLF writes: Helping people explore, enjoy and share their heritage, in all its diversity, is … Continue reading