Philanthropy

Harvard University will not rename its Arthur M. Sackler Museum

The decision follows a years-long campaign by activists who urged Harvard to distance itself from the Sackler family over its ties to the opioid epidemic

Philanthropyanalysis

Cash-strapped museums struggle with ‘moral reckoning’ over sponsors

The Israel-Gaza war has escalated campaigns against arts funders deemed to be problematic

'We need strong leaders to stand up for the future of UK arts funding'

Hit by austerity cuts and activist boycotts, who is standing up for the arts?

UK foundation makes mark ahead of general election with £30m gift aimed at promoting arts education

Clore Duffield organisation will back the creation of extra learning spaces and a new garden at Tate Britain

Blavatnik up, no change for Zabludowicz: Sunday Times Rich List reveals art world fortunes

This year's list records a historic low for the number of British billionaires

‘MoMA, dump Kravis’: activists call on museum to break up with board chair in Valentine’s Day protest

A coalition of environmental-justice organisations renewed their calls for the removal of board chair Marie-Josée Kravis

The hangover after the museum party: institutions in the US are facing a funding crisis

As the baby-boomer generation of major donors pulls back or dies off, museums are struggling to attract their heirs’ interest

Philanthropy reinvented for a new generation of collectors—now with financial perks

New charitable schemes mirror shifts in attitudes to collecting and giving among younger art buyers

The legacy banking foundation buying up works at Artissima for Turin’s major museums

Fondazione Arte CRT’s new chief wants to bring art to the masses via public art programmes

Climate protesters call for removal of MoMA’s board chair over ties to fossil fuel industry

After a protest in front of the museum’s main entrance, 16 activists were arrested after further actions inside the museum

Diaryblog

No stone unturned in erasing Sackler at the British Museum

An inscription of the beleaguered family's name is set to be removed from a stone lintel

‘We charge you with ecocide’: climate protesters call for ouster of Museum of Modern Art board chair at gala

Activists urged the New York museum to distance itself from board chair Marie-Josée Kravis and her husband Henry Kravis due to their ties to the fossil fuel industry

Metropolitan Museum to return $550,000 in donations from FTX, the bankrupt cryptocurrency exchange

The institution will return funds donated by the defunct exchange and hedge fund led by Sam Bankman-Fried prior to its untimely collapse

Art marketanalysis

Wealthy American art collectors capitalise on tax-efficient gift scheme

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

50 US museums receive grants and art from the Ellsworth Kelly Foundation

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

London's Royal Academy of Arts offers young visitors half price entry

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

More than $55m raised toward Smithsonian’s planned American Women’s History Museum

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

Detroit arts organisations receive $23m in grants for digital initiatives from the Knight Foundation

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

New accounts reveal Damien Hirst created and sold more than £8m-worth of art to benefit the NHS in 2020

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

The donating game: How artists like Tracey Emin are driving philanthropy in the art world

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?

Are charity art auctions, not donations, the new model for offsetting taxes?

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

Collectors recruit new allies to help museums accept the treasures they are offering

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

London's National Portrait Gallery receives £10m donation from Leonard Blavatnik

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

London's National Gallery drops disgraced Sackler family name from its walls—will the V&A follow suit?

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

Tainted gifts: as British Museum and the Met disavow the Sackler name, museums rethink donation deals

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

Sackler name will be removed from British Museum galleries, rooms and endowments

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

Why endow a museum wing when you can fund archives? Hauser & Wirth Institute gives $700,000 in grants to preserving historical records

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

New $6bn Sackler settlement would let museums remove family’s name from galleries and buildings without consequence

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

Vladimir Potanin, one of Russia's richest men, resigns from board of the Guggenheim Museum

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

Tate's U-turn on Sacklers

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