IMMA Launches Major New Private Fundraising Initiative to Support Contemporary Art in Ireland

IMMA_logoIMMA, the Irish Museum of Modern Art, today launched a new fund designed to support the future of contemporary art in Ireland – IMMA 1000. A reaction to the devastating cuts experienced by the Arts sector in recent years IMMA 1000 is initially a three year fundraising programme 2016 – 2018. The fund launches with €60,000 which IMMA plans to double in year one through donations of €1,000 each from 60 visionary individuals.

IMMA Director Sarah Glennie said; “IMMA 1000 is a new fund specifically created to support our work with Irish artists in the drastically altered social and economic environment we find ourselves in today. Severe cuts in arts funding since 2008 have had a devastating effect on supports available directly to contemporary artists, and as a result artists simply cannot afford to live and work in Ireland, creating a huge concern for the future of Irish art, and contemporary Irish culture.”

“Artists tell us about ourselves, they challenge us; they create space for difference, debate and imagination. Their voice is an essential part of a vibrant and dynamic society and it is essential that we value artists and create a sustainable base for them in Ireland. With IMMA 1000 we want to create a support infrastructure for working Irish artists today, securing the ecosystem for the future.”

IMMA 1000 will do this in three key ways;
– Supporting artists to live and work in Ireland through bursaries and the IMMA residency programme.
– Supporting artists’ income through commissions and exhibitions.
– Supporting artists’ work through the purchasing of work for the IMMA Collection.

IMMA has been supported in this initiative by Goodbody as the exclusive corporate founding partner for IMMA 1000. As Ireland’s longest established stockbroking firm, Goodbody understands the importance of creating a legacy today for future generations. That’s why it has made a firm commitment to contribute significant funds to this important initiative over three years.

IMMA 1000 was conceived on behalf of IMMA by businessman John Cunningham, Director CheckRisk, who responded to a talk by IMMA Director Sarah Glennie to a group of business leaders in 2014. He was struck by the critical difficulties, outlined by Sarah, facing artists in Ireland following the economic crisis. John, together with a group of founding donors, has already raised €20,000 for the initiative creating, with Goodbody, a founding fund of €60,000 in year one.

 

Why Now?
Substantial cuts in arts funding since 2008 have had a devastating effect on supports available directly to contemporary artists. Arts organisations such as IMMA have also seen cuts of close to 50% in their government funding resulting in fewer acquisitions for public collections, fewer commissions of new work and reduced artist fees.

Overall these combined cuts create an overwhelming reduction in the funding that institutions such as IMMA can use to directly support artists. As organisations slowly start to rebuild after years of successive cuts it is essential that IMMA is able to actively support Irish artists so that Ireland will remain a viable place for them to live and work into the future. If not, the effect of their loss will be felt for generations to come.

Find out more about IMMA 1000 on www.imma.ie

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