Tate - Administration

Administration

The Tate receives annual funding from the Department for Culture, Media & Sport. It is administered by a board of trustees, who are responsible for the running of the gallery and appoint the Director (for a period of seven years). Under the Charities Act 1993, the Tate is an exempt charity accountable directly to Government rather than the Charity Commission for financial returns etc. However, the Trustees are still expected to follow the broad responsibilities of charity trustees, and may be subject to Charity Commission oversight on these elements of their activities.

Various bodies have been set up to support the Tate including Tate Members for the general public, where a yearly fee gives rights such as free entry to charging exhibitions and members rooms. There is also Tate Patrons for a higher subscription fee and the Tate Foundation. There are a number of corporate sponsors. In addition individual shows are often sponsored.

Tate now spends around £1 million of its general funds each year on purchasing acquisitions and their related costs. The Outset Contemporary Art Fund was established in 2003, by Tate patrons Yana Peel and Candida Gertler. In collaboration with the Frieze Art Fair, the fund buys works from the fair for the Tate's collections. Other funds for acquisitions are raised by Tate funding groups such as the Members, the Patrons and the American Patrons of Tate and its sub-committees, the North American Acquisitions Committee and Latin American Acquisitions Committee. In 2010, a photography acquisitions committee was launched. In 2012, the Tate established a South Asian acquisitions committee to collect contemporary and modern art from India and surrounding countries, as well as a committee for works from Russia, Eastern Europe and the CIS (Commonwealth of Independent States).

Read more about this topic:  Tate