The Irish Museum of Modern Art

Irish Museum of Modern Art Launches Private Fund to Support Contemporary Art

The Irish Museum of Modern Art has announced today that it has designed a new fund called IMMA 1000 that will help secure the future of contemporary art in Ireland. The fund was created in response to the trend of severe budget cuts that cultural institutions have experienced since 2008. Since then, government funding for the arts has decreased by almost 50 percent.

Director Sarah Glennie said that the fund was “specifically created to support our work with Irish artists in the drastically altered social and economic environment we find ourselves in today.”

The fundraising effort will help artists to live and work in Ireland through bursaries and a residency program, supplement their incomes through commissions and exhibitions, and support their practice by allowing the museum to purchase new works.

It will start out as a three-year initiative. Due to support from the business community—including Goodbody, Ireland’s oldest stockbroking firm and founding partner of the fund, and director of CheckRisk John Cunningham who formed a group of founding donors—the fund will launch with almost $68,000, which the museum hopes to double within the year.

Goodbody’s managing director Roy Barrett said that the firm “wants to help to build and sustain the cultural institutions that make art viable in Ireland.”