The National Theatre, Edinburgh Festival Fringe Society and Sadler’s Wells are among the organisations to receive a share of an extra £18 million from the Foyle Foundation as it prepares to conclude its operations.
The grants are additional to the foundation’s normal giving programme and aim to secure the trust’s legacy of cultural support by providing “long-term benefit for sector leaders”.
The Foyle Foundation, which had an original endowment of £60 million, has spent a quarter of a century providing financial assistance within arts and education to charities and state-funded schools, as well as institutions including Northern Ballet and the Royal Shakespeare Company.
Last January, the trust announced it would cease its grant-giving programme by the end of 2025, admitting that amid a “collapse in public funding and austerity”, it had “continually spent more than its income”.
Now, it has announced 12 grants on top of its annual support, worth a combined £15.4 million. Two further projects will be announced later this year, bringing the total funding to more than £18 million.
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The National Theatre will benefit from £1.5 million of capital funding, while the Edinburgh Festival Fringe Society is to receive £1 million towards the creation of its first permanent home.
The Royal Welsh College of Music and Drama has been granted £2 million – one of the largest shares of the pot – to support its renovation of Cardiff’s Old Library, which is set to be an accessible base for performing arts in the city.
Meanwhile, the Sadler’s Wells Trust has received £1.1 million towards the development of new choreography, commissions and projects as part of its creative development fund.
Other organisations to receive the legacy grants include the Poetry Society, the Glasshouse International Centre for Music and Ulster Orchestra Society, Northern Ireland’s only professional symphony orchestra.
By the time its activities draw to a close at the end of this year, the Foyle Foundation will have distributed more than £180 million to more than 7,000 charities and schools across the UK.
David Hall, Foyle Foundation’s chief executive, said: “In addition to an increased budget for our normal grant-giving programmes in our final year of operation, the Foundation wished to make a range of strategic grants across the country that would be of national and regional importance and of long-term benefit to sector leaders.
“This would ensure an enduring legacy for the Foyle Foundation and make a long-lasting positive impact on the lives of young people and others and show imaginative ways to encourage philanthropy for those who have the ambition to support the arts and learning.”
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