Arts funding
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The announcement by the British Government that it is putting £50m towards the costs of the new development of Tate Modern is one of the most significant moves in public cultural policy in recent years
Guggenheim director says US institutions cannot compete with such incentives
The Whitney and the Brooklyn Museum could lose annual grants from the conglomerate, which gave $300m to charitable organisations over the past five years
The boost, which will send "American masterpieces" across the US, comes more than a decade after Congress threatened to abolish the NEA for financing "objectionable" works
The money is being given to Creative Capital, a nonprofit picking up the slack in arts funding
Rothschild retired as the first chairman of the Heritage Lottery Fund at the end of March 1998. In a rare interview, he described its relationship with government
If the State relinquishes its responsibility for funding culture, art will be restricted by private patronage, the letter argues
Corporations' trust in art as a tool for generating publicity has not wavered