Introducing Investors in Collections

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The Collections Trust is piloting a new concept called 'Investors in Collections'. Designed to be compatible with the UK Museum Accreditation Scheme and the American Alliance of Museums 'Continuum of Excellence', Investors in Collections provides a way for museums to demonstrate their commitment to achieving excellence in their Collections Management.

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Introducing Investors in Collections

  1. 1. Investors in Collections Introduction & Overview January 2014 INVESTORS IN COLLECTIONS
  2. 2. Investors in Collections A museum development tool administered by the Collections Trust on behalf of the international cultural heritage community
  3. 3. Benefits • Investors in Collections helps museums demonstrate their commitment to delivering public value and excellence in Collections Management, enabling them to: • Celebrate strengths • Target areas for development • Articulate a case for support • Improve resilience • Promote accountability INVESTORS IN COLLECTIONS
  4. 4. Long-term impact • Investors in Collections isn’t a short-term win. It helps museums ensure that the collections in their care are accessible and cared for so that they can be enjoyed long into the future. • Long-term impacts for your cultural heritage organisation include: – Organisational health – Improved visitor services – Greater professional recognition – Profile & credibility with funders – A culture of continuous improvement INVESTORS IN COLLECTIONS
  5. 5. Aligned to Museum Accreditation • Investors in Collections is compatible with the requirements of the UK Museums Accreditation Standard and American Alliance of Museums Continuum of Excellence • Investors in Collections supports requirements relating to : – Organisational health – Collections – Visitor services INVESTORS IN COLLECTIONS
  6. 6. Core Model FORWARD PLAN MISSION POLICIES PLANNING PROCEDURESSYSTEMS COMPETENCIES PERFORMANCE MANAGEMENT CONTINUOUS IMPROVEMENT
  7. 7. Components • Investors in Collections is structured around the following standards and frameworks: – SPECTRUM: The UK & International Collections Management Standard published by the Collections Trust and trusted by over 23,000 museums in 40 countries; – The Collections Management Competency Framework – The Collections Management KPI Framework INVESTORS IN COLLECTIONS
  8. 8. How it works • Investors in Collections is structured around a cycle of self-assessment, planning, implementation and peer-review • Step 1: Complete a Self-assessment Questionnaire • Step 2: Use our Diagnostic Tool to identify strengths & areas for development • Step 3: Develop and implement a Collections Improvement Plan • Step 4: Peer-review and recommendations • Step 5: Recognition as an Investor in Collections INVESTORS IN COLLECTIONS
  9. 9. Pricing • Investors in Collections resources, toolkits and self-assessment questionnaire are provided free of charge • Peer-review and recognition are available to members on a tiered basis: BAND ANNUAL MEMBERSHIP (plus VAT) Tier 1: Turnover £2m plus per annum £2,750 Tier 2: Turnover £501k - £2m per annum £1,250 Tier 3: Turnover £500k or less £500 INVESTORS IN COLLECTIONS
  10. 10. Talk to us today • Investors in Collections is administered by the Collections Trust on behalf of the international cultural heritage community. • To find out what Investors in Collections can do for your museum or heritage organisation, talk to us today on +44 (0)208 541 4914 or email nick@collectionstrust.org.uk. • Visit www.collectionstrust.org.uk/investors to find out more INVESTORS IN COLLECTIONS

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