V&A Serpentine And Dulwich Share £56 Million Culture Fund
Eighteen museums and art heritage sites have been awarded Catalyst: Endowments funding to court money from private philanthropic sources. Thirty-four organisations around the country have been awarded Endowment grants of between £500,000 and £5 million in the joint initiative between the Department for Culture, Media and Sport (DCMS), Arts Council England (ACE) and the Heritage Lottery Fund (HLF).
The Dulwich Picture Gallery has been granted £2 million in endowment funding by the Heritage Lottery Fund (HLF) and Department for Culture, Media and Sport (DCMS) Catalyst Endowments scheme. This generous pledge challenges the Gallery to raise another £4 million in matching donations to create a new £6m endowment fund for visual arts learning. Income from this new endowment fund will be dedicated to safeguarding the sustainability and growth of the Gallery’s award-winning and life-changing learning and community engagement programmes, curatorial research and the provision of research services for students. In addition, it will help the Gallery attract new supporters and encourage existing donors to give towards its endowment.
The successful projects are expected to attract an additional £106 million from private and corporate donors as a result of the scheme.
Among the largest beneficiaries are the Victoria and Albert Museum (V&A), which will receive a match-funding pledge of £5 million from HLF to support the Museum's ambitions to build a £100 million endowment over the next 15 to 20 years, and Portsmouth Historic Dockyard, which also receives £5 million to encourage endowments for the preservation of HMS Victory. Successful recipients of ACE funding include the Serpentine Gallery, which will receive £3 million to create an endowment to support activity at the Serpentine Sackler Gallery. The new Turner Contemporary gallery in Margate, the Whitechapel Gallery in London and the the Trust for the Wordsworth Museum in Grasmere will each receive £1 million from ACE.
Additional museums and heritage sites to receive Catalyst: Endowments funding from the HLF include:
The British Library (£2 million); Dulwich Picture Gallery (£2 million); Sir John Soane’s Museum (£2 million); The Bowes Museum in Barnard Castle, County Durham (£1 million); Holburne Museum of Art in Bath (£1 million), Lincoln Cathedral (£1 million); the Mary Rose Trust (£1 million); the National Portrait Gallery (£1 million); Pallant House Gallery in Chichester (£1 million); The Church of St Martin’s in the Fields, London (£1 million); the Trust for Horace Walpole’s Gothic mansion, Strawberry Hill House (£500,000); and Windermere Steam Boat Museum (£500,000). Photo: © 2012 ArtLyst.com