Philanthropy
Close Brothers Asset Management Targets Gaps Within Arts Charities

The asset management arm of London-listed banking group Close Brothers is honing in on gaps within the arts and museum sectors in its latest philanthropic endeavour.
The UK's Close Brothers Asset Management is looking to educate arts charity trustees through the third round of its trustee leadership programme.
The programme matches charities in need of greater support on their boards with skilled individuals interested in working in their areas. The latest round of the programme, which forms part of Close Brothers’ philanthropy service, focuses on gaps within the arts and museum sectors. It aims to help individuals reach board level at an arts charity through education on regulatory issues involved, financial management and strategic planning.
“We have now had two very successful rounds of our Trustee Leadership Programme and, as a natural progression of our long-standing work with charities, we are turning our focus to the arts world. In any charity sector, having a strong board of trustees is paramount if it is to grow and improve its offering, and arts charities are crying out for motivated people who can offer fresh insight and energy to their management,” said the company's head of private client services, Penny Lovell.
“However, it can often be a struggle to recruit at trustee level, particularly when it comes to the arts, as many will not realise the roles available to them. It’s therefore vital that we support these individuals to find areas that match their skills, and ensure that the charities themselves are able to develop.”
The programme, which runs across five evenings until 17 November, includes insights from charity experts from the arts and culture sector and will finish with a final "matching event". This will involve potential trustees being paired within the charities themselves.