Fundraising campaign to secure future of The Bowes Museum off to a flying start (From The Northern Echo)
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Fundraising campaign to secure future of The Bowes Museum off to a flying start
12:10am Wednesday 21st August 2013 in News
A FUNDRAISING campaign aimed at securing the long term future of a North-East museum has got off to a flying start.
The Bowes Museum, at Barnard Castle, is attempting to raise £1m over a four-year period.
Money raised will be matched pound for pound by the Catalyst Endowments programme, a joint enterprise between the Department for Culture, Media and Sport, the Heritage Lottery Fund and Arts Council England.
At the end of the first year, the fundraising target had been exceeded by £50,000.
Pledges totalling £350,000 have been made to the museum, with £218,000 of that amount already received.
That amount, combined with the first tranche of match funding, means £420,000 will be invested in a newly-created The Bowes Museum Catalyst Endowment Fund.
Income generated from the endowment fund will help cover the costs of long term curatorial, conservation and education activities, along with the exhibition and events programme.
Officials are now appealing for continued public support to help meet the second year fundraising targets.
Director Adrian Jenkins said: “Our founder, John Bowes, created an endowment fund before his death in 1885 and although it still provides a valuable income stream, it’s fair to say he didn’t anticipate fully the extensive costs of maintaining such a magnificent building and caring for the collection.
“The new endowment fund gives us an opportunity to underpin the activities of the museum with a permanent income stream, improving its resilience and financial sustainability.
“This will help us ensure the museum remains for the generations to follow, caring for its unique collection and bringing great art to the North-East.”
There are a number of ways for businesses or individuals to become involved, such as a one-off cash or cheque donation, a standing order, a transfer of assets or legacy bequest.
A donation of £2,500, on which gift aid is available, would generate sufficient income to fund the museum’s toddler group in perpetuity.
At the other end of the spectrum, donations of £224,000 would provide sufficient income to similarly fund a full time conservator post.
To find out more about The Bowes Museum Catalyst Endowment Fund, email email@example.com
When the four-year period of match funding ends in 2016, the museum intends to continue to build the endowment fund with further donations and legacy bequests.
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