�55m endowment match fund for the arts may have launched ‘a decade too soon' | Philanthropy UK

�55m endowment match fund for the arts may have launched ‘a decade too soon' | Philanthropy UK: "The �55m matched fund scheme announced by the DCMS to a packed Whitechapel Gallery this week (July 9th) that calls on private donors to help secure the future of the cultural sector by building endowments may be ‘too much too soon’ say sector leaders.

While welcoming the concept to build long-term financial sustainability, fundraisers and sector leaders have expressed concern that the DCMS strategy will over-extend smaller organisations’ fundraising capacity as they struggle to raise much needed income revenue in the light of a double whammy of recent cuts by the Arts Council England (ACE) and local authorities"