U.K. Culture Secretary Jeremy Hunt announced an 80 million pound ($120 million) matching fund to boost cultural philanthropy, saying the rich in Britain gave six times less to the arts than their U.S. equivalents.
Charles Saatchi , the British collector who last July offered to donate his London gallery and more than 25 million pounds ($41 million) worth of art to the nation, has yet to reach agreement on who they will go to.
The U.K.’s visual-arts sector got off lightly in Chancellor George Osborne ’s spending review while the performing arts got hammered. That’s the headline assessment, and the figures seem to bear it out --superficially, at least.
Tate Director Nicholas Serota said that the U.K. government’s 15 percent cut to national museums’ grants by 2015 would affect the exhibitions they mount and spelled a sea change for the arts in the U.K.
Vivien Duffield , the philanthropist whose father once owned the Selfridge’s department store, said she is giving 8.2 million pounds ($13.3 million) to 11 U.K. arts institutions including Tate Britain and the National Theatre .
Charles Saatchi , who in July said he was giving the British nation his London gallery and more than 25 million pounds ($38 million) worth of art, is seeking other takers after talks with a state-linked body broke down, his gallery’s associate director said.