Image: Yayoi Kusama’s Obliteration Room at Tate Modern as part of UNIQLO Tate Play © Yayoi Kusama. Photo Liam Man
Tate £150m goal is announced following 25th anniversary celebration with 680 artist and philanthropist attendees.
Tate Modern has launched an endowment campaign which hopes to raise £150m by 2030.
Called the Tate Future Fund, it has already raised £43m through contributions from individuals, foundations and Tate Trustees. The endowment fund will support Tate’s exhibition programme, research activities and public engagement initiatives. Tate
The target was announced during a 25th anniversary gala held yesterday in its Turbine Hall.
The gala included performances by the Pet Shop Boys, and itself raised over £1m through the support of table hosts and guests. The fundraising event included 680 artists and philanthropists in total including Grayson Perry, Bridget Riley, Marina Abramovic, and Gilbert & George.
Tate’s chair Roland Rudd announced the formal launch of the campaign, which the organisation called one of the most ambitious cultural fundraising campaigns of its kind in the UK.
The supporter base for the Fund’s establishment includes James Bartos, Bloomberg Philanthropies, Nick Clarry, Mala Gaonkar, Anthony and Sandra Gutman, Jack Kirkland, Jamie and Michael Lynton, The Manton Foundation, Jorge M. and Darlene Pérez, Manizeh and Danny Rimer, and Roland and Sophie Rudd.
The campaign will now enter the active solicitation phase, targeting Tate’s global supporter network.
RuddI said the ‘Our Future Fund’ will “help us protect Tate’s global leadership position in visual art and deliver Tate’s vision of connection to art for the widest possible audiences, locally and across the world.”
Karin Hindsbo, director of Tate Modern, said Tate ”has always been characterised by ambition, and this fund will ensure this can be maintained not only for the next 25 years, but for the next century and beyond.”
