Decision details

Old Vic Endowment Trust

Decision Maker: Cabinet (decommissioned, for the Executive after 28 May 2026, please click the "Committees" tab on the right)

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve a one-off contribution from the youth fund reserve to the Old Vic Endowment Trust to support projcts that engage young people in education and enployment through the arts

Decisions:

RESOLVED:

 

1.  That the release of £500,000 as a one-off contribution from the youth fund reserve to donate to the Old Vic Endowment Trust be agreed.  This will be for the purposes of the long term promotion of education and employment through culture and the arts for young people in Southwark.

 

2.  That authority be delegated to the chief executive to sign off a memorandum of understanding that enters the council into agreement with the Old Vic Theatre Trust setting out the benefits to be accrued from the donation and process for monitoring and review.

 

3.  That a progress report be submitted to cabinet in 2016.

Report author: Eleanor Kelly

Publication date: 11/02/2015

Date of decision: 10/02/2015

Decided at meeting: 10/02/2015 - Cabinet (decommissioned, for the Executive after 28 May 2026, please click the "Committees" tab on the right)

Effective from: 19/02/2015

Accompanying Documents: