The Arts Foundation is a registered charity that supports individual artists and creatives in the UK with unconditional financial support. It was set up by an anonymous bequest and since 1993 the Arts Foundation has given nearly £2m to artists across the spectrum of the Arts, with an endowment of c. £1m underpinning its revenue.
Its annual fellowship scheme, The Arts Foundation Futures Awards, gives out five £10,000 fellowships every year, with all finalists each receiving £1,000. These are awarded based on past work and enable future development. Each year the awards focus on both broad and innovative art forms, within the fields of Craft, Design, Film, Literature, Materials Innovation, Music, New Media, Performing and Visual Arts, and aim to highlight lesser-known areas of creative practice and also include emerging multidisciplinary artists.
The contribution of the Arts Foundation Futures Awards to the Arts in the UK is demonstrated by its past Fellows, many of whom have become leaders in their respective art forms, including Wayne McGregor (1994), Alice Oswald (1996), Sarah Kane (1998), Asif Kapadia (2001), Ali Smith (2001), Rufus Norris (2002), Lynette Yiadom-Boakye (2006), and more recently, Simon Fujiwara (2009), Alice Birch (2014), Hollie McNish (2015), Evan Ifekoya (2017), Holly Hendry (2019), and Bethany Williams (2020).