One of a small number of heritage organisations awarded a grant of up to £1 million by the National Lottery, Derby Museums’ Endowment strategy is integral to its long-term sustainability.
To help contribute to annual running costs of £1.8 million, which will soon include the ground-breaking Museum of Making, set to open early next year, the museum group aims to raise £1 million that will be matched pound-for-pound by National Lottery Heritage Fund.
If all goes well, the resultant £2 million Endowment Fund will be permanently invested to provide a regular income that could safeguard the organisation’s future.
Thus far Derby Museums has raised more than £360,000, meaning a minimum £720,000 will be invested via the Endowment once National Lottery Heritage Fund matches the final figure.
To maximise the yield from this one-off opportunity, Derby Museums is appealing for more public support through a regular donation scheme. With Gift Aid contributions plus the National Lottery Heritage Fund matching each pound, a monthly gift of £20 would be worth £50 to the Endowment.
“We hope that visitors who are able to make a regular gift will consider doing so to support us in making the most of this fantastic match funding opportunity, helping us to engage and inspire future generations,” says Tony Butler, executive director at Derby Museums.
“We appreciate that for many of our visitors and supporters, Derby Museums holds fond childhood memories and is thought of as a place of sanctuary. For many families, in particular, it is valued for the diverse range of free activities and events we have on offer.”