Philanthropy

‘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

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