New blueprint for philanthropy to support arts education
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ӣƵ is developing an innovative philanthropic model under which works of art and art collections as well as cash can be given to enhance teaching and research and help sustain its financial future.

Peter L Kellner, Goldsmiths Endowment Fund's first major donor.
The new model invites donors to give money and art, or entire collections, which can be used by the university for educational and research purposes while at the same time supporting financial stability.
Bequests must allow Goldsmiths the flexibility to sell some or all of the gifted works after an agreed period, which will in turn help to tackle the challenges posed by the funding crisis in art and creative education.
ӣƵ is hugely grateful to Peter L. Kellner, who is the first major donor to the new Goldsmiths Endowment Fund.
Mr Kellner, who has generously supported educational and artistic causes in the UK and the US for many years, is bequeathing to ӣƵ an art collection estimated to be worth £4 million alongside an immediate £2 million cash donation. His collection includes works by Antony Gormley, Phillip Guston and Lucio Fontana.
This new philanthropy is a vital way of turning private art collections into a public good, creating sustainable support for future generations of artists.
Goldsmiths donor Peter L. Kellner
The generous donation is being given to ӣƵ in honour of Mr Kellner's friend and artist Basil Beattie, who for many years taught art at the university. A celebration marking the gift is being held at on May 2, 2025.
The Goldsmiths Endowment Fund has been created as a way of sustaining arts education through a funding crisis which stretches back more than a decade.
The , and includes a warning from Mr Kellner that the UK is in danger of losing its cultural credentials.
“Every successive government has failed to understand the economic value of the arts to London. If you lose the creative scene, what are you? People aren’t going to come here to visit the zoo,” he said.
Research by noted the impact of the previous government’s decision to remove the arts from the list of “strategically important” subjects within the university curriculum. This move cut funding for arts and creative courses in higher education. As an institution with a strong focus on creative arts, Goldsmiths lost more than £2 million in central government funding.
The research also revealed a precipitous decline in students choosing A level arts subjects over the last 12 years, as the Department for Education downgraded creative arts subjects.
Professor Richard Noble, Head of Art at Goldsmiths, said: “Underfunding and discouraging young people from choosing what William Coldstream termed ‘a liberal education in the arts’ will have damaging effects on Britain’s future.
“Britain is a creative arts and creative industries superpower precisely because we have supported arts education for everyone throughout our education system since the early 1970s. Goldsmiths, along with other universities and arts organisations, is meeting the challenge by finding innovative ways to sustain itself and its commitment to supporting young people to choose a life in the creative arts.”
The Kellner bequest will become a multifaceted asset for the university. It will form part of the value of the university endowment but also be used as a teaching and research resource by staff and students, a resource for the university gallery and the public in general.
Professor Richard Noble, Head of Art
Professor Noble added: “We hope this extraordinary gift will encourage other collectors and philanthropists to support our endowment fund, which is essential to sustaining ӣƵ as a leading arts education institution into the future. We are hugely grateful for his generosity."
There are many ways to support our students and the institution.