Home

Louvre Museum Endowment Fund to Help Restore France’s Historica Buildings

By Rachel George

Share

The Louvre Museum Endowment Fund has agreed to help restore popular tourist sites in France.

 

This is the endowment’s third fund used to invest in preserving art, jewelry, and heritage, in regards to tourism and being the world’s most visited museum.

 

$289 million will help to preserve France’s historical buildings, parks, churches, and castles. Money from the fund has already been invested in an”impact fund,” dedicated to preserving historic buildings and parks around the country, according to Bloomberg. The  Originally created in 2009, the fund is run by a private-equity firm in Paris called Alter Equity.

 

RELATED: These Paris Train Stations Are Named After People Of African Descent

 

The fund’s mission is to finance the museum’s long-term investments through donations, corporate funding, and foundations, according to their site. The purpose of this project is to attract a new audience and maintain the international outreach of the Louvre.

 

This renovation calls for replacing original sculptures in the Tuileries garden for a more “environmental approach” in the heart of Paris and the popular Cour du Sphinx. To better accommodate the museum’s 8.3 million visitors, interactive kiosks and multimedia resources will be installed to help guide visitors.


 

RELATED: Gumbo Yaya Takes America’s Southern Flair to Paris

 

Impact funding is a way to merge social or environmental goals with making a profit.

“The missions of the Louvre are education, art, and heritage, as well as artistic professions and tourism, which is why we invested in the impact fund,” according to Chief Executive Officer Philippe Gaboriau. He also added the endowment’s returns have averaged almost 6 percent annually.

Share
Travel Noire

Rachel George

Want more?

Get exclusive, unpublished tips from Travel Noire's CEO to help you get off the beaten path, into the hearts of locals and onto a better, more cultured life.

Roller Coasters To Renaissance Fairs: Here Are The World’s Best Theme Parks

Roller Coasters To Renaissance Fairs: Here Are The World’s Best Theme Parks

Some travel the world in search of relaxation, others, for adrenaline. If you love a good theme park, here are some of the best in the world with experiences for every type of traveler. Le Puy du Fou, Les Epesses, France With water features, fireworks, battles, and live animals, Le Puy du Fou is the […]

Leah Freeman-Haskin

Most Beautiful Airbnb’s In Paris, France

Most Beautiful Airbnb’s In Paris, France

Paris is one of the most popular travel destinations in the world. With decadent cuisine, distinctive culture, and magnificent architecture, it’s easy to see why. Whether you are traveling to Paris for a solo, group, or couples trip, here are some stunning accommodations to help you fulfill your Parisian dream. A 2 Pas Des Gares […]

Leah Freeman-Haskin

From Expats To Engaged: How This Couple Made A Long Distance Relationship Work

From Expats To Engaged: How This Couple Made A Long Distance Relationship Work

Rennes and Ola first met in Peru, right before Ola went back to New York and then Spain. According to Rennes, there was never a conversation about being in a long-distance relationship, but they connected instantly by becoming each other’s support system as expats in similar foreign countries. Four years later, the couple is now […]

Parker Diakite