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Puk Qrt 0211 Final Cg-Puktemplate Qk5-Aw Issue 43: Spring 2011 philanthropy uk:newsletter inspiring giving The e-magazine for all those interested Philanthropy and the Arts in the development of philanthropy Also in this issue Legacy giving: Golden goose or lame duck? Crowd-funding: A remote opportunity for the Arts Regular contributions My philanthropic journey Gina Miller on nurturing philanthropy EuroView Poland prepares for philanthropy Book review An invited response: Women and Philanthropy: Boldly Key players contribute their views on the DCMS Action Plan Shaping a Better World Guest editor: Theresa Lloyd Philanthropy UK Quarterly : Issue 43, Spring 2011 philanthropy uk:inspiring giving welcome Theresa Lloyd guest editor welcome As well as the regular articles, features and book reviews, • Support of the commitment to recognise and honour US philanthropy. More than one person quotes Lord this issue has a particular focus on Philanthropy and the donors, including non-doms Myners’ response to the strategy made at the event on 8th Arts. This is a response to an announcement by culture December: “Fine words butter no parsnips”. These The welcome of a commitment to promote and increase secretary Jeremy Hunt on 8th December of a 10-point • mechanisms are essentially the responsibility of planned giving, including legacies (See article: Legacy Action Plan to boost philanthropy across the cultural government, and include the introduction of giving: Golden goose or lame duck? – page 33). sector. We asked a number of key players in the sector to • lifetime legacies – charitable remainder trusts comment and to address specific questions. and you can • The importance of focusing on individual support read their reactions, starting on page 5. rather than corporate engagement, significant though • the extension of tax relief to gifts of works of art that is, it will continue to be for a minority of the The extent and depth of contributions we have received the maintenance and simplification of the Gift Aid income for a minority of institutions • for this issue are tribute to the interest in and importance system, without the introduction of a composite rate of the topic for a range of organisations across the country. The need to take a long view, particularly for • In addition there are calls for the simplification of the There is a broad welcome for the stated intention to endowments, which it is generally agreed will not be bureaucracy surrounding some philanthropic encourage private philanthropy to the Arts. Not surprisingly appropriate for many organisations mechanisms, such as gifts of shares, and for the there is a spectrum of views, but as we also see there are The urgent need to build skill and capacity across the liberalisation and simplification of the benefits rules common themes. • sector to implement these ideas; investment in this applying to donors. They include: might be supported in a revolving loan fund We believe that these calls should be taken seriously. In • The need for the DCMS proposals to be expanded and • The need to harness technology to engage with existing the following responses we have a significant contribution more clearly defined – more than one person and new audiences and to innovate ways to generate to the debate, from leading professionals and practitioners commented, “the devil is in the detail” revenue and donations (See article: Crowd-funding: a around the country, from individual and institutional remote opportunity for the Arts – page 36). donors, from advisers to the wealthy and experts in There cannot be a one-size-fits-all approach • audience development, from major national institutions Many also point out what Lord Janvrin recently described Broad welcome for a matched funding scheme, but and small regional organisations. • as ‘the elephant in the room’, namely: the ‘conspicuous concern that it is only £80m. There is much support absence’ from the Action Plan, or indeed the recent There is great willingness and enthusiasm to build on the that the money should be deployed strategically to government Giving Green Paper u of any mention of the DCMS initiative. As Simon Weil, chair of the European bring about certain outcomes such as targeting to tax mechanisms and incentives that have been Association for Philanthropy and Giving, a major donor to benefit organisations outside London recommended by so many over the years, and underpin the Arts, a trustee of several arts organisations and a Philanthropy UK Quarterly : Issue 43, Spring 2011 philanthropy uk:inspiring giving welcome leading charity lawyer says, “we need more tools…notably We hope you enjoy this edition of Philanthropy UK tax incentives relevant to the 21st century”. Magazine and what it might add to the national ambition to boost philanthropy. We welcome your feedback which With these tools I believe that collectively we could indeed can be sent to: [email protected]. transform arts philanthropy in the UK, and together sustain, as the minister says, “a more vibrant and resilient cultural sector”. Best wishes, In conclusion, I draw readers’ attention to the contribution from Russell Willis Taylor (page 26), who has “Let us build on the been uniquely placed to observe the scene on both sides of strengths that we have, the Atlantic for over 25 years. Too frequently in comments about philanthropy (in higher Theresa Lloyd education as well as the Arts) there is a yearning for invest in creating a culture guest editor “American style philanthropy”. of giving and asking.” Also too often there is a wish for the ends but not the means. Whether in the field of the creation of major endowments (underpinned in the US by lifetime legacy type models) or gifts of works of art, the involvement of board members who will give and ask, and grateful and public recognition, we have some way to go in comparison. However Russell also points out the very real weaknesses of the US arts funding model, and the strengths of the Web/article Links UK’s mixed funding approach. Let us build on the Where web and article links are shown, you will be strengths that we have, invest in creating a culture of taken to the relevant address when you move your giving and asking that is underpinned by intelligent tax curser over them and click. provisions and incentives, simplify the expensive and off- putting bureaucracy currently associated with arts There are also invisible links embedded in the text philanthropy and together create the framework for an and these are indentified by u. Click on this icon and arts funding environment that is celebrated by UK you will be taken to the website or article mentioned. citizens and looked at as a model across the world. Philanthropy UK Quarterly : Issue 43, Spring 2011 philanthropy uk:inspiring giving contents Award-winning philanthropy in the Arts Influential reading 30 Case study 1: 50 David Carrington, independent consultant Anthony and Anne d’Offay and Artists Rooms Publication reviews and notices in this issue 32 Case study 2: The Late Lord Wolfson and family 53 Book review Women and Philanthropy: Boldly Shaping a Better Legacy giving World: Engaging Donors and Developing Leaders RSVP An invited response 33 Golden goose or lame duck? Sondra Shaw-Hardy and Martha A. Taylor with Buffy Beaudoin-Schwartz 5 Key players contribute their views on the Crowd-funding by Dr Beth Breeze, publications editor DCMS Action Plan 6 Dawn Austwick OBE, chief executive of the Esmée 36 A remote opportunity for the Arts 55 Notices Fairbairn Foundation Corporate philanthropy and the Arts 8 Clare Cooper, co-founder and co-director, Mission Models Money Guest editor Editorial board 39 Arts&Business’ Jonathan Tuchner on promoting Theresa Lloyd Dr Beth Breeze (publications editor) David Emerson 9 Alan Davey, chief executive, Arts Council England corporate philanthropy Managing editor Sue Wixley Cheryl Chapman 11 David Dixon, founder David Dixon Associates 41 Case study 1: Sheffield engineering firm Ekspan and The Open 13 Sir Vernon Ellis, chairman, ENO The purpose of the Newsletter is to disseminate information about new Door Theatre Company developments in philanthropy. To submit an article for consideration, 15 David Hall, chief executive, Foyle Foundation please contact the Editor at [email protected]. 42 Case study 2: The secretariat for the Newsletter is being provided by ACF. To subscribe 16 Sir Nicholas Kenyon, managing director, Barbican Travelex and the National Theatre free of charge, please complete the subscription form on our website. Centre The content of this Newsletter is the copyright of the Association of Impact investing Charitable Foundations (ACF). 17 Theresa Lloyd, founder Theresa Lloyd Associates Philanthropy UK c/o ACF, Central House, 19 Michael McGregor, director, Wordsworth Trust 43 A brief round-up of developments from the social 14 Upper Woburn Place, London, WC1H 0AE, United Kingdom investment world +44 (0)207 255 4490; www.philanthropyuk.org 21 John Nicholls, managing partner, Arts Quarter LLP by Adam Ognall, deputy chief executive, UKSIF Design & Artwork by Carrington Griffin Design 22 Lucy Stout, director of development, Artes Mundi My philanthropic journey Philanthropy UK aims to inspire new giving by providing free and impartial 24 Simon Weil, partner, Bircham Dyson Bell advice to aspiring philanthropists who want to give effectively. An initiative of the Association of Charitable Foundations, we also publish A Guide to Giving, the essential handbook for philanthropists. www.philanthropyuk.org 25 Rebecca Williams, director of development,
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