Endowing the Ashmolean
November 10 2014
Picture: Ashmolean Museum
The Ashmolean museum in Oxford is seeking to raise £50m for an endowment, and has so far made good progress, with £9m already raised. Last week, an anonymous donor gave a 'seven figure gift', so well done them.
Endowments are unusual in the UK. As in this case, endowments are being kick-started by the Heritage Lottery Fund, which is a new policy brought in by the current government.
I believe the idea of using Lottery money to fund endowments first surfaced in the 2005 Conservative heritage manifesto (which, ahem, I wrote!).
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