The Royal Academy of Music has increased its target for a major fundraising campaign to £100m after surpassing its original goal of £60m.
The previous objective was set in 2022 to mark the academy’s bicentenary. The conservatoire says it has now exceeded this, raising more than £73m so far.
The new target is the largest in the institution’s history. Through philanthropic support received during the campaign so far, the academy has invested in areas such as scholarship funding, widening participation, access to artistic collaborators, endowed posts and upgrades to its facilities.
Jonathan Freeman-Attwood, Principal of the Royal Academy of Music, said: “Where philanthropy used to be the icing on the cake on top of significant public funding, we now know that it is core to our existence and success.
“I believe we can claim that we are taking the lead in showing how, in this country, our most significant cultural educational organisations can thrive in the here and now and build for the future.”