A culture of endowments and foundations

The roman C. Maecenas (70 – 8 b.c.) was a generous patron of the arts, and it is from his name that the German word “Mäzenatentum” (patronage) is derived. This expression refers to the generous provision of financial support for the arts and sciences, and in a broader sense for culture and society. The patron is characterised by his or her willingness to make socio-politically motivated investments in the future, with no expectations of any immediate concrete returns. Patronage takes many forms, with just as many objectives: in addition to foundations and endowments, there is also volunteer support, for example in charitable organisations.

In recent times, patronage has extended beyond the funding of science, education, society and culture to encompass environmental and conservation issues as well.