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.
World Monuments Fund (WMF) has announced the launch of the Suzanne Deal Booth Institute for Heritage Preservation, backed by $19 million in funding as part of its $60 million endowment campaign marking the organization's 60th anniversary. The institute is established through a $10 million endowment gift from philanthropist and ARTnews Top 200 collector Suzanne Deal Booth, with additional support from the Gerard B. Lambert Foundation, Denise Littlefield Sobel, and Virginia James. The institute will serve as a global hub for research, training, and innovation in heritage preservation, focusing on greenspace stewardship, digital preservation, and workforce development, including programs like the Greenspace Heritage Training initiative and Bridge to Crafts Careers.