Wealthy urged to follow Lord Sainsbury’s philanthropic lead

Guardian – The culture secretary called for Britain’s rich to dig deeper to fund cultural institutions on Sunday after the Tory peer Lord Sainsbury made a £25m donation to the British Museum for a new wing, outstripping the government’s contribution.

Michael Hintze, a hedge fund manager whose charitable foundation gave more than £2m in 2008 to cultural causes including the Victoria and Albert museum, has said: “I just want to serve the institutions that have enriched my life and my children’s lives.”  Paul Ruddock, also a hedge fund manager, gave the V&A £5m.

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