£55 million to build endowments

£55 million to help cultural organisations build endowments. Michael Portillo to chair Endowment Fund panel.
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MEDIA RELEASE COURTESY OF: Department for Culture, Media and Sport

A new £55 million scheme to help arts and heritage organisations secure their future financial stability by building endowment funds has been announced today by Culture Secretary Jeremy Hunt.

An independent advisory panel chaired by Michael Portillo will review bids from organisations for grants up to £5 million from the Endowment Fund, which will be available to match funds raised from private donors.

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