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How a museum fire helped shape Brazil’s endowment fund regulation

national museum endowment funds
Rio’s 200-year-old National Museum was destroyed last year

On September 3, 2018, Brazilians woke up to a loss for which may never be compensated. The country’s 200-year-old National Museum burst into flames, turning its vast collection to ashes and exposing decades of neglect toward the country’s cultural heritage. Unlike most cases, the museum fire actually inspired action to solve one of the sector’s main problems: its sheer lack of funding. The country decided to settle on a way to use endowment funds to support culture and education in Brazil.

Endowment funds are created using financial donations to support...

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