TATE FOUNDATION
Tate Foundation's principal activities are to raise funds to support the Board of Trustees of the Tate Gallery
Objects
To support and assist the Tate Gallery in maintaining and expanding its collections and services to scholars, curators, artists and the general public and to assist other artistic endeavours to any extent that in the opinion of Tate Foundation may be conducive or compatible with the statutory aims and objectives of Tate Gallery.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £625,522 for the year ended 31 March 2025, a significant improvement from the £3,562,739 deficit in the prior year. Per the trustees' report, free reserves stood at £5,501,038, which is well above the stated policy target of £1,851,311. The charity confirmed it can continue to cover operating costs for at least twelve months with no material uncertainties identified by the auditors.
What the accounts disclose
Policies the charity declares
- 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
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Grant-making is its main activity
Corporate structure
- Registered company of the charity Companies House 04009652
Leadership, per the charity’s website
- Karin Hindsbo — Interim Director
- Liam Darbon — Interim Managing Director
- Catherine Wood — Tate Modern Interim Director
- Alex Farquharson — Tate Britain Director
- Anne Barlow — Tate St Ives Director
- Jemima Pyne — Tate Liverpool Interim Director
Company officers (Companies House)
- GETTY, Tatum on trustee list
- HINDSBO, Karin on trustee list
- JHANGIANI, Manik Hiru on trustee list
- GUTMAN, Anthony John Charles on trustee list
- GRAD, Jonathan on trustee list
- SHORE, Howard Paul on trustee list
- RUDD, Roland Dacre on trustee list
- UGGLA, Lance on trustee list
- GAONKAR, Mala Gopal on trustee list
- EISLER, Edward Kirill on trustee list
- BARATTA, Joseph Patrick on trustee list
- ECONOMOU, George on trustee list
- ROMAN, Emmanuel on trustee list
- PALLEY, Simon Dan on trustee list
- MEAD, Edward Scott on trustee list
- YIANNIKAS, Anastasia
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Anthony Gutmanchair
- EDWARD EISLER
- EDWARD SCOTT MEAD
- EMMANUEL ROMAN
- GEORGE ECONOMOU
- Howard Shore
- JOSEPH PATRICK BARATTA
- Jonathan Grad
- Karin Hindsbo
- LORD STEVENSON
- Lance Uggla
- MALA GAONKAR
- Manik Jhangiani
- Roland Rudd
- SIMON DAW PALLEY
- Tatum Getty
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £6.6m | £8.0m |
| 31/03/2024 | £5.4m | £8.9m |
| 31/03/2023 | £4.5m | £5.7m |
| 31/03/2022 | £5.3m | £3.5m |
| 31/03/2021 | £6.7m | £4.4m |
Common questions
Is TATE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £625,522 for the year ended 31 March 2025, a significant improvement from the £3,562,739 deficit in the prior year. Per the trustees' report, free reserves stood at £5,501,038, which is well above the stated policy target of £1,851,311. The charity confirmed it can continue to cover operating costs for at least twelve months with no material uncertainties identified by the auditors. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Who funds TATE FOUNDATION?
Funders whose own accounts filings name TATE FOUNDATION as a grant recipient include THE RORY AND ELIZABETH BROOKS FOUNDATION, GRAFF FOUNDATION, PETER STORMONTH DARLING CHARITABLE TRUST, THE JOHN BOOTH CHARITABLE FOUNDATION, ATKIN CHARITABLE FOUNDATION.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 31/03/2023 | £43k | Barbara Hepworth Museum Accessibility Ramp |
| UK government | 01/04/2019 | £71k | Tate Britain New Displays 2020: Gallery Improvements |
| UK government | — | £125k | DCMS/Wolfson Museums and Galleries Improvement Fund |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MOHN WESTLAKE FOUNDATION | 1 | £1.3m |
| THE NUFFIELD FOUNDATION | 1 | £682k |
| THE HEALTH FOUNDATION | 1 | £496k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £300k |
| JOHN ELLERMAN FOUNDATION | 1 | £150k |
| BACKSTAGE TRUST | 1 | £150k |
| THE DULVERTON TRUST | 1 | £145k |
| Tinsley Charitable Trust | 1 | £50k |
Charities like this
- GATE TRUST LIMITED
- TADS THEATRE GROUP
- THE GATE THEATRE COMPANY LIMITED
- The Trust Foundation
- THAMES FOUNDATION
- FULL FACT
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TATE FOUNDATION | £6.6m | — | — | unclear | — | no doubt |
| GATE TRUST LIMITED | £30k | — | 0 | unclear | — | no doubt |
| TADS THEATRE GROUP | £32k | — | 0 | unclear | — | no doubt |
| THE GATE THEATRE COMPANY LIMITED | £224k | — | 0 | unclear | — | noted |
| The Trust Foundation | £2.5m | — | 0 | unclear | — | no doubt |
| THAMES FOUNDATION | £524k | — | 0 | unclear | — | no doubt |