Money

Elisabeth Murdoch gives £3 million to promote racial diversity in UK arts



© Reuters. FILE PHOTO: Elisabeth Murdoch gestures during a rehearsal of her MacTaggart Lecture during the Edinburgh International Television Festival in Edinburgh

By Kate Holton

LONDON (Reuters) – Television executive Elisabeth Murdoch is giving 3 million pounds to promote racial diversity in the British visual arts as part of a $100 million endowment.

The daughter of conservative media baron Rupert Murdoch has adopted a lower profile than her brothers Lachlan and James and held back from the race to succeed their father.

Elisabeth, the founder of two successful independent TV production companies, launched the Freelands Foundation in 2015 to direct donations and support to the arts, particularly outside London.

The creative sector, Britain’s fastest growing industry, will decay if it does not embrace input from women, ethnic minorities and those from poorer backgrounds, she told Reuters on Thursday in an interview:

“Access to a creative education and to a cultural arts-rich life … has an impact on future social mobility, on mental health, and we know that culture and the arts lift horizons.”

The British art scene, home over the decades to David Hockney, Lucian Freud, Barbara Hepworth and Banksy, has in recent years been described by the Arts Council as treading water when it comes to reflecting Britain’s diversity.

Murdoch said the summer’s Black Lives Matter movement had been a massive wake-up call, and that the arts could help people understand the fractious world around them.

Her foundation’s Diversity Action Group will be led by Sonita Alleyne, a media executive and the first Black woman to head a college at either Oxford or Cambridge university.

READ  Saga looks horribly exposed as hedge fund Elliott buys 5% stake

The skills fostered by emphasising the arts in education — creativity, innovation and problem-solving — are all the more important in a world increasingly dominated by technology, algorithms and artificial intelligence, she said.

Murdoch donated $100 million in Disney shares to her foundation, stock acquired in the sale of the family’s 21st Century Fox business to the American media group.

She dismissed the idea that artists in the often left-wing sector might be put off by working with the daughter of a notably conservative tycoon.

“I think hopefully that my name is actually owned by me in this sector,” she said. “This is my path.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply