Can philanthropy bail out the arts?
Date: 4th April, 2011 | Author: Wendy Bambrick | Comments: 0
This was a question posed by Ian Youngs, Arts reporter at BBC News.
Many arts organisations across the UK are facing cuts from their public funding, so could rich benefactors step in to plug the gap?
Ian states that the Arts Council England had its budget cut by 30% and therefore theatres, galleries and others will soon receive news of cuts in their funding for 2011/2012.
It is the Government’s hope that philanthropists will help fill the gap. In 2009/2010 individuals donated more that £350m to the arts in the UK, but 88% of that went to the top 4% of organisations.