Thursday, 28 July 2011

Catalyst Endowments Fund Announced

Catalyst Endowments,, is a £55 million scheme to help arts and heritage organisations secure their long-term financial stability by building endowment funds. Arts Council England has committed £10 million to the joint funding initiative with the Department for Culture, Media and Sport (DCMS) and Heritage Lottery Fund.

Organisations will be able to bid for grants of up to £5 million to support endowment fundraising from the Catalyst Endowments fund, which will be available to match funds raised from private donors. Bids will be reviewed by an independent advisory panel with around 50 organisations expected to benefit from the grants which will start at £500,000.

Further details of the Catalyst Endowments scheme and how applicants can apply will be unveiled in September 2011 with online applications open in October and decisions on awards expected in early 2012

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