Heritage & Monument Philanthropy in the Age of Impact
Lombard Odier - Philanthropy Services
 
 
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Dear colleagues,

Attached is the latest publication by Maximilian Martin, Global Head of Philanthropy, which discusses the growing role of philanthropy in preserving cultural heritage and historic monuments.

Natural disasters, the erosion of time, and a lack of public funds have all created a deficit in the protection of this important part of our heritage, as demonstrated by numerous studies and statistics.

A growing role for philanthropy

The fire at Notre-Dame Cathedral in Paris earlier this year is still in the forefront of many minds. This event is unfortunately not isolated: England loses at least a dozen heritage-listed buildings to fire every year, while Germany lost a total of 70 from 2000-20151. Public finances are no longer sufficient to guarantee good conservation conditions for many heritage items such as paintings, sculptures, archaeological sites, or monuments, whether they are well-known or not.

This means that individual philanthropists and/or foundations can play an increasingly important role in the preservation of our shared cultural heritage. These engagements contribute to far more than the reconstruction of old buildings: according to the Ile-de-France region, which includes Paris, the region sees up to EUR 70 of economic benefits for every EUR 1 it invests in heritage preservation2.

Analysis, case studies and tips

In this publication, divided into six short chapters, you will find statistics, trends and analysis, case studies and a strategy framework:

  • The case for a fresh look at heritage and monument philanthropy
  • Restoration at the Palace of Versailles: conserving our heritage and skills
  • Leveraging the digital revolution to preserve our heritage
  • The future of monuments: heritage for all
  • What does innovative finance hold in store for heritage and monuments?
  • Monument philanthropy in six steps: the strategy framework


Feel free to share this publication with your clients and prospects in LOCH and LOESA. The document will also be available in French and German in early 2020.


The Philanthropy Services team remain at your disposal for any questions you may have.

CONTACT: Philanthropy Services 700-9940

 

1 Casert, Raf. “Notre Dame fire was a warning bell. But will Europe listen?” Associated Press. 22 April 2019.
2 Lenoir, Luc, et Wladimir Garcin-Berson. “Les vrais chiffres du budget consacré à notre patrimoine par l’État.” Le Figaro. 20 April 2019.

 

 
 
 
 

For external distribution:

By the Swiss Bank (Bank Lombard Odier & Co Ltd) and by Lombard Odier (Europe) S.A. and its branches.

The publication is available for subscription on the CRM Publications module. For additional informations, please contact M&C Publications / coordinator Hotline: 2300 – mcpublication@lombardodier.com.