Philanthropy
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
Lebanese patron donates €2.8m—and two Gormleys—to prestigious art history college École du Louvre
Majid Boustany founded the Francis Bacon MB Art Foundation in Monaco
John Sainsbury, former supermarket boss and major patron of British museums, has died aged 94
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
More refugees to be trained as tour guides at Oxford University museums after £1m gift from Saudi foundation
Funding from Alwaleed Philanthropies will support Multaka project working with 200 refugees and asylum seekers over the next five years
Activists including the artist Nan Goldin protest bankruptcy settlement shielding the Sackler family from prosecution
Demonstrators plant cardboard tombstones outside a New York courthouse to call attention to Purdue Pharma’s role in deaths from the opioid painkiller Oxycontin
Over 60 arts and culture groups receive funding from MacKenzie Scott, who is giving away $2.74bn of her Amazon fortune
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
Hermitage Amsterdam close to reaching €1m in urgent crowdfunding appeal to survive Covid-19 crisis
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"
Chicago’s Joyce Foundation awards $75,000 each to four artists’ projects
Sydney Chatman, Daniel Minter, Kameelah Janan Rasheed and Santiago X will create new works in Great Lakes cities that “honour individual and collective resiliency”
Eli Broad, an unexpected—and often unreasonable—arts patron
The self-made billionaire helped shape the Los Angeles art scene, while clashing with most of its prominent museum leaders
Josef and Anni Albers Foundation to unveil new maternity and paediatric hospital in Senegal
German architect has designed the €2m building which takes elements from the Bauhaus couple’s work
Eli Broad, who helped reshape the cultural landscape of Los Angeles, has died, aged 87
Billionaire art collector, businessman and philanthropist founded the museum that bears his name and helped shore up Disney Concert Hall, Lacma and MOCA
Michigan billionaires Jennifer and Dan Gilbert give $30m to Cranbrook Academy of the Arts
The donation will support diversity efforts and student scholarships for the Detroit area art school
Two non-profits team up to offer $100,000 grants to artists in the San Francisco Bay Area
Annual stipends will benefit creators struggling with an astronomical cost of living in the region, which is facing an artistic exodus
Donald R. Sobey, one of Canada’s greatest cultural philanthropists, has died, aged 86
The son of the Sobey’s grocery chain founder was a huge supporter of artists, and helped establish the country’s main art prize