filter_list Showing 6 results for "tate future fund" close Clear
dashboard All 6 article policy 3person people 2article news 1
date_range Range Today This Week This Month All
Subscribe

morning links october 8 2025 1234756018

Tate has announced an ambitious plan to build a £150 million ($201 million) endowment by 2030, launching the Tate Future Fund in June with over £43 million ($58 million) pledged. The initiative, unveiled at a high-profile gala that raised £1 million ($1.34 million), has sparked debate across the UK museum sector about the viability of endowment models for long-term sustainability. Meanwhile, the Baltic Centre for Contemporary Art in Gateshead launched a £10 million ($13 million) endowment, bolstered by a gift from musician Sting, and other UK museums like the British Museum and V&A have quietly built similar reserves. In a separate story, Matthiesen Gallery has filed a lawsuit in US District Court against convicted fraudster Thomas Austin Doyle, artist Shalva Sarukhanishvili, Jill Newhouse Gallery, and art collector Jon Landau over the alleged mishandling of Gustave Courbet's painting *Mother and Child on a Hammock* (ca. 1844), claiming fraud and breach of contract after the painting was sold far below its market value.

maria balshaw departs tate 1234766460

Maria Balshaw, director of London’s Tate, has announced she will step down in spring 2026 after nearly a decade leading the museum network. She joined in 2017, succeeding Nicholas Serota, and previously directed the Manchester Art Gallery and the Whitworth Art Gallery. During her tenure, she oversaw major exhibitions including “The EY Exhibition: Van Gogh and Britain” (2019), a Yoko Ono retrospective, and “Sargent and Fashion.” Her final project will be co-curating the largest-ever survey of Tracey Emin at Tate Modern, running from February 27 to August 31, 2026.

maria balshaw tate 2728573

Maria Balshaw, the director of Tate, will step down in the new year after nine years at the helm, the museum announced Friday. Appointed in 2017, Balshaw was the first woman to lead the institutional network, which includes Tate Modern and Tate Britain. Her tenure was marked by a substantial diversification of Tate’s collection and programming to spotlight new art forms, indigenous artists, and artists from the Global South. She also oversaw the launch of a landmark £150 million endowment fund for Tate Modern to address financial woes. Memorable exhibitions included surveys of pre-internet digital artists, modern art in Nigeria, and retrospectives for Leigh Bowery, Isaac Julien, Yoko Ono, and Emily Kam Kngwarray.

tates turbine hall could be named for a donor 1234746809

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.

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.

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.