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Issue 376: Philanthropy: Fundraising of the future?

  • Philanthropy: Fundraising of the future?

    Children get creative with clay
    02 May 2024

    In the first of our series looking at the role of philanthropy in arts funding, Caroline McCormick of the Cultural Philanthropy Foundation argues that the financial plight of our cultural institutions is undermining their huge impact.

    Recently DCMS has been consulting extensively to identify ways of encouraging cultural philanthropy - in particular from high-net-worth individuals. This government views philanthropy as the answer to the problem of declining levels of charitable giving to the sector which, according to the UK Giving Report 2023, has more than halved to less than 1% of all philanthropy.

    I have been asked by several of those consulted what they should say in response. Reflecting on this question, I go... more

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