Donor Advised Funds allow individuals to claim tax relief while they are still alive through making gifts of art and other assets—without obligation to pay out money to charity straight away

As the late artist's 100th birthday nears, his foundation is undertaking the largest philanthropic project in its history

Museum's new 25 & Under ticketing scheme for temporary exhibitions is being subsidised by the art collectors Batia and Idan Ofer

The museum, one of two new Smithsonian museums in advanced planning stages, garnered major support from Walmart heiress Alice Walton, fashion designer Tory Burch and others

The philanthropic organisation has named ten grantees of tech-focused investments

Financial report also shows how the scope of his business changed over the course of the pandemic

The British artist is among those who have donated millions of pounds’ worth of art to charities—perhaps we could all take a leaf out of her book?

Paul Allen’s estate has pledged proceeds of its $1.6bn Christie’s sale to unnamed philanthropic causes, while FTX founder Sam Bankman-Fried vaguely promised to give away his fortune

For many museums, the offer of works of art can be more of a headache than a blessing, so potential donors are finding they must do some groundwork to ensure their gift will be accepted—and appreciated

First floor of London museum to be renamed the "Blavatnik Wing" and will display 100 years of portraiture across nine galleries

Victoria and Albert Museum is last major UK institution to retain the donors' name on its building, despite settlement agreement allowing its removal

Institutions are increasingly including “morals clauses” in gift agreements to protect themselves if donors fall from grace

The removals are the result of a mutual agreement between the museum and the Raymond and Beverly Sackler Foundation

Newly announced funding for the Studio Museum in Harlem and Brooklyn’s Pratt Institute follow 2021 grants to small nonprofits in Chicago, British Columbia and Hong Kong

The settlement, if approved, would also place limits on any statements made by museums as they remove the Sackler name

New York institution condemns the Russian invasion of Ukraine in its statement on the resignation

The museum will remove the opioid sellers’ name from multiple locations

Majid Boustany founded the Francis Bacon MB Art Foundation in Monaco

Benefactors of his gifts include London's National Gallery, Tate Britain, Dulwich Picture Gallery, the British Museum, the Ashmolean Museum and the Royal Opera House

Funding from Alwaleed Philanthropies will support Multaka project working with 200 refugees and asylum seekers over the next five years

Demonstrators plant cardboard tombstones outside a New York courthouse to call attention to Purdue Pharma’s role in deaths from the opioid painkiller Oxycontin

El Museo del Barrio in New York and the Yerba Buena Center for the Arts in San Francisco are among recipients of grants distributed by the ex-wife of billionaire Jeff Bezos

The privately funded Dutch branch of the State Hermitage Museum has attracted 10,000 donations from the public but director says "we're not done yet"

Sydney Chatman, Daniel Minter, Kameelah Janan Rasheed and Santiago X will create new works in Great Lakes cities that “honour individual and collective resiliency”

The self-made billionaire helped shape the Los Angeles art scene, while clashing with most of its prominent museum leaders

German architect has designed the €2m building which takes elements from the Bauhaus couple’s work

Billionaire art collector, businessman and philanthropist founded the museum that bears his name and helped shore up Disney Concert Hall, Lacma and MOCA

The donation will support diversity efforts and student scholarships for the Detroit area art school

Annual stipends will benefit creators struggling with an astronomical cost of living in the region, which is facing an artistic exodus

The son of the Sobey’s grocery chain founder was a huge supporter of artists, and helped establish the country’s main art prize