4.7 Sources of Funding

Though it is projected that the entirety of the 1.5 million dollar annual operating expense will be completely paid by ticket sales and admission receipts from the Globe Exhibition (Covington, 69), there was still a great need for funding in order to complete construction of the rest of the Globe Centre. This funding would come from many sources, both large and small. Discussed here are some of the most significant sources.

• Arts Council of Britain (Covington, 69)

  In October, 1995, the ISGC was awarded an 18.6 million dollar grant from the Arts Council of Britain. This grant, which was funded by proceeds from Britain's National Lottery, would go a long way towards the completion of the Globe Centre.

• Schools (Covington, 69)

  Though not the most significant in terms of monetary support, one of the greatest tributes to the new Globe came from a network of 321 high schools from 31 countries around the world. 165 thousand dollars was raised in support of the new Globe through local productions and donated to the ISGC.

• A piece of the Globe

  Finally, one of the most inventive ways in which money is raised for the Globe Centre is through the sale of the Globe itself. Visitors and patrons of the Globe alike are invited to purchase pieces of the Globe. For as little as 2 pounds, one can buy a brick in the Globe's foundations (Figure 20), for a little more, a bunch of thatch in the roof. Prices then begin to rise; for 300 pounds, one can purchase a personally engraved bench in the gallery, or an engraved piece of slate on the piazza outside. This is not an original concept, since other publicly supported organizations have utilized this fund raising technique; but what really makes this effort special is that with such a range of prices, almost anyone can buy a piece of the Globe.

  
  Figure 20: Documentation of ownership of a Globe Brick

  Lesson 4.6	T.O.C.	Lesson 5.0