Chancellor promotes philanthropy in 2007 Budget
- 21 March 2007
The Art Fund is delighted that the Chancellor has used the 2007 Budget to recognise the 'need for charities to build ongoing relationships with their major donors...as well as to encourage continued giving'.
We believe that the creation of a ‘culture of cultural giving’ is key to producing a sustainable, creative future for our museums and galleries. This can only be achieved if philanthropy is celebrated and mechanisms are in place to leverage private and corporate money in to our collections.
We are pleased that the Government has taken some modest steps in the right direction by changing the rules surrounding Gift Aid – increasing the donor allowance will make it much easier for museums and galleries to thank valuable donors.
The Chancellor said that ‘Our culture of giving and volunteering defines Britain as a fair and compassionate society’.
We could not agree more, however, much more needs to be done to enable UK museums UK museums and their visitors to benefit from levels of philanthanthropy comparable to those enjoyed by their international counterparts.