Finance Score: -1

Governance Score: -2

Support Score: 10

Poor Liquidity: -1
Good Reserves: +1Volatile income: -3
Fundraising costs high: -3
Future income +5

12+ Trustees: -1
Mainly male board: -1

Overall weighted support: +10

Overall GiG Score: 7

TATE FOUNDATION

Tate Foundation's principal activities are to raise funds to support the Board of Trustees of the Tate Gallery

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently and there are significant future grants due to be received

Regulatory & Governance issues to consider:

This charity only provides its support via other charities
There are 15 trustees whereas the Charities Commission recommends a maximum of 12
The Board is predominantly male

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available
Income has been volatile recently
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£4,548	£5,676	£-1,128	£1,437	£17,853	£10,806	22.8	29	0
31/03/22		£5,325	£3,468	£1,857	£783	£18,981	£12,654	43.8	0	0
31/03/21		£6,728	£4,391	£2,337	£1,210	£17,124	£12,283	33.6	0	0
31/03/20	*	£6,574	£5,966	£608	£1,211	£14,787	£10,224	20.6	50	0
31/03/19		£8,409	£4,717	£3,692	£876	£14,703	£9,504	24.2	50	0
31/03/18		£14,299	£5,641	£8,658	£910	£11,010	£7,754	16.5	0	0
31/03/17	*	£13,416	£19,370	£-5,954	£1,068	£2,352	£4,528	2.8	0	0
31/03/16		£30,933	£53,468	£-22,534	£1,193	£8,306	£10,556	2.4	0	0
31/03/15	*	£41,934	£40,291	£1,643	£1,405	£27,281	£10,316	3.1	0	0
31/03/14		£36,319	£51,248	£-14,929	£1,203	£25,638	£9,898	2.3	0	0
31/03/13		£44,765	£43,465	£1,300	£1,339	£40,567	£10,384	2.9	0	0
31/03/12		£24,098	£9,690	£14,408	£605	£39,267	£10,105	12.5	0	0
31/03/11		£14,411	£6,456	£7,955	£447	£24,767	£9,041	16.8	0	0
31/03/10		£2,934	£6,511	£-3,577	£494	£16,385	£9,342	17.2	0	0
31/03/09		£7,273	£4,473	£2,800	£433	£18,438	£11,353	30.5	0	0
31/03/08		£4,732	£3,389	£1,343	£451	£17,157	£13,842	49	0	0
31/03/07		£7,023	£1,367	£5,655	£299	£15,814	£13,662	119.9	0	0
31/03/06		£2,206	£1,435	£771	n/a	n/a	n/a	n/a	n/a	n/a
31/03/05		£2,301	£1,138	£1,164	n/a	n/a	n/a	n/a	n/a	n/a
31/03/04		£2,109	£1,717	£392	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 32.2%
Fundraising Costs/Total Spending: 25.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 25%
Liabilities/Income: 133%
Unrestricted Funds/Total Funds: 61%
Reserves/Spending: 22.8 months
Net Current Assets/Spending: 37 months
Quick Ratio: 0

Asset Split ?

Balance Sheet History

Established: 24 years

www.tate.org.uk

ana.yiannikas@tate.org.uk

02078878000

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
General Charitable Purposes

GiG Classification

Grant-making foundations

How it operates

Acts as an umbrella or resource body

Where it operates

Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Garfield Weston Foundation	£3,240,000
Wolfson Foundation	£1,250,000
The Paul Mellon Centre for Studies in British Art	£35,000

Specific Donations

Amount	When Months	To be used for
Wolfson Foundation - Grant to Tate
£1,250,000	06/12/2023	Redevelopment of Tate Liverpool
Garfield Weston Foundation - Major Grants award
£3,000,000	11/09/2023	Liverpool project
The Paul Mellon Centre for Studies in British Art - Digital Project Grant
£30,000	10/11/2022	Support towards the digital project Alison’s Mind: A Collage Scrapbook of Postcolonial Imagery on Old England
The Paul Mellon Centre for Studies in British Art - Publication Grant
£5,000	10/11/2022	Support towards the publication Church of the Poison Mind: Queer Art and Club Culture in 1980s Britain
Garfield Weston Foundation - Multi-Year Grant (3 Years) award
£240,000	07/02/2020 36	Tate Collective
DCMS - Tate Britain New Displays 2020: Gallery Improvements
£70,500	01/04/2019	The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled ....more The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled visitors, and to improve the quality of interpretation. The scheme is open to four categories of museums and galleries.
ARTS COUNCIL ENGLAND - Subject Specialist British Art Network
£79,949	30/11/2018 17	The British Art Subject Specialist Network's mission is to facilitate improvements in curatorial skills and enriched understanding of collections of British Art across the UK.
DCMS - DCMS/Wolfson Museums and Galleries Improvement Fund
£125,000	01/04/2017	The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled ....more The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled visitors, and to improve the quality of interpretation. The scheme is open to four categories of museums and galleries.
John Ellerman Foundation - Towards curatorial training and touring programme
£90,903	30/03/2017 36	Towards the costs of a touring and registrarial skills training programme with four regional partner organisations, centred around Le Passeur 1881 by William Stott of Oldham
Gatsby Charitable Trust - Exhibition space for Henry Moore works
£3,000,000	07/10/2008	Towards the creation of a permanent exhibition space for works of art by Henry Moore.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (15)

Current Trustees appointed

Gender Split

Age Range of Trustees: 50-79

ANTHONY GUTMAN (Chair) Appointed: 2023, Occupation: Banker

DR MARIA JANE BALSHAW Appointed: 2017, Occupation: Director

EDWARD EISLER Appointed: 2015, Occupation: Investor

EDWARD SCOTT MEAD Appointed: 2006, Occupation: Private Equity

EMMANUEL ROMAN Appointed: 2013, Occupation: Chief Operating Officer

GEORGE ECONOMOU Appointed: 2013, Occupation: Private Investor

HOWARD SHORE Appointed: 2022, Occupation: Finance

JOSEPH PATRICK BARATTA Appointed: 2014, Occupation: Finance Executive

JONATHAN GRAD Appointed: 2023, Occupation: Director

LORD STEVENSON, Occupation: Director

LANCE UGGLA Appointed: 2018, Occupation: Ceo

MALA GAONKAR Appointed: 2018, Occupation: Finance

ROLAND RUDD Appointed: 2019, Occupation: Public Relations

SIMON DAW PALLEY Appointed: 2013, Occupation: Investment Advisor

SIR ANTHONY MICHAEL VAUGHAN SALZ, Occupation: Lawyer

Legal constitution

Charitable company registered in England & Wales on 28/02/2001, number: 1085314
Registered at Companies House on 02/06/2000, number: 04009652

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR20: 234 days late, AR17: 2 days late, AR15: 9 days late,

Main office

MILLBANK
LONDON
SW1P 4RG

Objectives

THE PROMOTION OF THE CHARITABLE PURPOSES OF THE TATE GALLERY WHETHER SET OUT IN STATUTE OR OTHERWISE THAT IS PRINCIPALLY TO MAINTAIN THE COLLECTION OF BRITISH PAINTINGS AND DRAWINGS AND OF MODERN PAINTINGS DRAWINGS PRINTS AND SCULPTURE.

Defined Area of Benefit:

NOT DEFINED

Data Sources

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