John Bowes created an endowment fund for the Museum before his death in 1885, seven years before it opened to the public. The fund provides a valuable income stream for the Museum, but it is fair to say that John Bowes did not anticipate fully the true cost of maintaining such a magnificent building and caring for such wonderful collections. Today the Trustees of The Bowes Museum would like to grow this fund further to generate monies to support all aspects of the Museum’s work.
We were successful in our application to Catalyst: Endowments, a £30 million investment in a match-funding initiative for the creation of endowments to support the UK’s heritage from the Heritage Lottery Fund (HLF) and the Department for Culture, Media and Sport (DCMS).
The target for The Bowes Museum was to generate a minimum of £1 million over four years ending on 30 June 2016 to be matched 1:1. This would give the Museum a total Endowment of £2 million which it would aim to continue building after the funding period ended. The Endowment would be invested permanently to provide income in perpetuity which would support the Museum’s charitable activities.
In December 2015, we secured a private benefactor. He promised to double all donations to the Catalyst Endowment from wherever they came. The Friends of The Bowes Museum also offered to double these donations, which would, in turn, be doubled again by the Heritage Lottery Fund. This multiplying effect meant that every £10 donated with Gift Aid became £100 in the Endowment.
Breaking News - We Did It!
The incentive to donate motivated more than 800 supporters to contribute to the Endowment and we were delighted to reach our target of £1 million by 30 June. To read the full story click here >
The first conservation project supported by the income from the investment of the Catalyst Endowment Fund
Following the end of the fundraising period and the match funding, you can still support the Museum by contributing to our Endowment fund. Your donation will give substantial and direct support towards securing the future of the Museum. It will enable it to continue to operate as a world class institution and further develop its exhibitions, education programme and conservation. It will also help to achieve its aim to become a centre of research and excellence, as well as being able to provide a finer offer for our regular visitor base.
Donations to the Endowment Fund are, as mentioned, eligible for Gift Aid. Similar inheritance tax relief is available on bequests making the Endowment Fund a highly tax efficient means of leaving a gift to the Museum.
For further information about our Catalyst Endowment please contact Alison Nicholson, Fundraising Officer at email@example.com or you can download the leaflet in the related links, which includes details of donations by BACS and standing orders, or you can send cheques or CAF vouchers made payable to The Bowes Museum Catalyst Endowment Fund to The Bowes Museum, Barnard Castle, County Durham, DL12 8NP.
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