Art News. Vasari Codex

article policy schedule Jul 3, 2025 visibility 11 link 2 artists

tates turbine hall could be named for a donor

Tate chair of trustees Roland Rudd has suggested that naming rights to the Turbine Hall at Tate Modern could be sold for a minimum of £50 million ($68 million) to support the newly launched Tate Future Fund, which aims to raise £150 million by 2030. Rudd also indicated that naming opportunities might extend to curatorships and director positions, though a Tate spokesperson called the quoted figure "hypothetical" and declined to confirm active sponsorship negotiations.

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article policy schedule Jun 26, 2025 visibility 21 link 6 artists

Tate launches US-style endowment fund, with aim of raising £150m by 2030

Tate has launched the Tate Future Fund, a US-style endowment fund aiming to raise £150 million by 2030 to secure its long-term financial future. More than £43 million has already been raised, announced at a fundraising gala in Tate Modern's Turbine Hall marking the museum's 25th anniversary, attended by artists Steve McQueen and Tracey Emin. Tate director Maria Balshaw explained that the fund will sit separately, managed by the Tate Foundation, with only the interest drawn annually to support artistic creativity, groundbreaking exhibitions, collection building, research, and public benefit programs like school and family learning.

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article policy schedule Mar 16, 2026 source 2 sources visibility 22 link 3 artists, 1 gallery

Outgoing Tate Director Argues for Bigger Tax Breaks for Donors

Outgoing Tate director Maria Balshaw has publicly called on UK Chancellor Rachel Reeves to implement larger tax breaks for wealthy philanthropists who donate to museum endowment funds. She argues this would level the playing field with US institutions and provide crucial financial stability for UK museums.

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article policy schedule Jul 3, 2025 visibility 13 link 1 artist

Tate chair floats selling Turbine Hall naming rights for ‘a minimum of £50m’

Tate chair of trustees Roland Rudd has suggested that naming rights for the Turbine Hall at Tate Modern could cost a minimum of £50 million. The proposal, reported by The Telegraph, is tied to the institution's new Tate Future Fund, launched last week with a goal of reaching £150 million by 2030. Rudd stated that endowing curators, directors, or naming the iconic space are all potential options for donors, though a Tate spokesperson emphasized the comments were hypothetical and the fundraising campaign is just beginning.

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