{"id":2200,"date":"2010-12-17T18:35:02","date_gmt":"2010-12-17T18:35:02","guid":{"rendered":"http:\/\/ihbconline.co.uk\/newsachive\/?p=2200"},"modified":"2010-12-17T18:35:02","modified_gmt":"2010-12-17T18:35:02","slug":"hunt-boosting-philanthropy","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=2200","title":{"rendered":"Hunt: boosting philanthropy"},"content":{"rendered":"


\n<\/strong>An \u00a380 million fund is at the heart of a new Government drive to boost private giving to arts organisations and create a new generation of philanthropists, Culture Secretary Jeremy Hunt announced.
\n<\/span>
\n<\/strong>The Department for Culture, Media and Sport and Arts Council England are to invest \u00a380 million in a new series of \u2018match fund\u2019 schemes, to raise at least an equivalent amount from private donors for the culture sector. \u00a0This is part of a package of measures set out today to help arts and heritage organisations create long-term financial sustainability and to encourage increased giving to culture.<\/p>\n

Jeremy Hunt\u2019s \u2018ten point plan\u2019 will catalyse and facilitate individual and corporate giving by removing barriers, creating incentives and highlighting and sharing what works. \u00a0It will also include a \u2018year of corporate giving\u2019 strengthening recognition for donors, harnessing digital technologies and building fundraising skills across the sector.<\/p>\n

Secretary of State for Culture, Olympics, Media and Sport Jeremy Hunt said: \u2018This country has a great tradition of philanthropy in the arts, and I pay tribute to all those who have donated to our artists and cultural institutions, whether to the tune of ten pounds or ten million pounds. \u00a0They are role models, whose support and generosity shows just what can be achieved.\u2019<\/p>\n

\u2018Public funding of the arts will always continue \u2013 we have set out Government funding for the life of this Parliament, and we have increased the amount of Lottery money going to the arts. \u00a0But we must help our arts organisations develop more mixed funding models, to help give them long term financial stability and certainty. This stability will allow them to plan ahead with confidence, leading to a more vibrant and resilient cultural sector.\u2019<\/p>\n

\u2018There is huge scope to strengthen private and corporate support for culture over the next few years, for the benefit of the culture sector and audiences across the country. \u00a0The measures I am announcing today will do a huge amount to bring about a long-term boost to giving.\u2019<\/p>\n

The plan includes:
\n<\/span><\/p>\n

1. \u00a0\u00a0An \u00a380 million match funding scheme, with the potential to raise more than \u00a3160 million through a series of grants. \u00a0This will provide a range of support for smaller organisations, those outside London, and larger bodies, including those who want to develop endowments.
\n2. \u00a0\u00a0The Government reviewing what it can do to encourage philanthropy reporting back in the spring.
\n3. \u00a0\u00a0More visible public recognition for philanthropy, thanking donors, demonstrating the value of philanthropy and encouraging others to give. This could include greater recognition through the honours system.
\n4. \u00a0\u00a0Developing fundraising skills and capacity across the culture sector \u2013 to increase and share skills and capacity, promote best practice, professionalise fundraising and develop a culture of \u2018asking\u2019 as well as \u2018giving\u2019.
\n5. \u00a0\u00a0Promoting and increasing planned giving, including legacy giving – with an ambition for the UK to become the first country in the world in which it becomes the norm to leave 10 per cent or more of one\u2019s legacy to charity.
\n6. \u00a0\u00a0Supporting the long-term development of endowments. DCMS is publishing today reports by Neil MacGregor (director, British Museum) and Alan Davey (chief executive, Arts Council England) on how to increase endowments.
\n7. \u00a0\u00a0Harnessing digital technology to boost philanthropy, building on the innovative work already done by many bodies.
\n8. \u00a0\u00a0Increasing giving from international donors, just as we encourage other forms of inward investment.
\n9. \u00a0\u00a0Encouraging more investment by the business sector – which already invests \u00a3150 million a year in the cultural sector. \u00a0This will include a series of events and initiatives throughout 2011.
\n10. \u00a0Strengthening links between culture and other sectors which are supported through philanthropy, such as charities, community groups or social enterprises.<\/p>\n

<\/span><\/p><\/blockquote>\n

The Government is wholly committed to continued public funding to the arts, but greater plurality of funding will help cultural institutions become stronger and more resilient in the long term.<\/p>\n

DCMS News: LINK<\/a>
\n<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

An \u00a380 million fund is at the heart of a new Government drive to boost private giving to arts organisations and create a new generation of philanthropists, Culture Secretary Jeremy Hunt announced. The Department for Culture, Media and Sport and … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2200","post","type-post","status-publish","format-standard","hentry","category-sector-newsblog"],"_links":{"self":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/2200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2200"}],"version-history":[{"count":1,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/2200\/revisions"}],"predecessor-version":[{"id":2201,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/2200\/revisions\/2201"}],"wp:attachment":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}