Can philanthropy bail out the arts?
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.
Date: 4th April, 2011
Articles from this Author
9th February, 2018
Guidance for charities regarding the changes to the automatic disqualification of trustees rules
30th November, 2017
Legislative changes affecting the Charitable Incorporated Organisation (CIO)
14th November, 2017
Updated guidance for independent examiners (CC32)
13th November, 2017
Charity Commission Annual Report 2016/2017
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole