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Introduction to the Collections Trust's 'Investors in Collections' a new development tool and award for museums recognizing excellence in Collections Management practice.
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Investors in Collections
Introduction & Overview
December 2014
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Investors in Collections
A museum development tool administered by the
Collections Trust on behalf of the international cultural
heritage community
Summary
• Investors in Collections is a development tool and validation service which allows museums and other collections-holding organisations to demonstrate their commitment to delivering public value and Investors in Collections Management
• Investors in Collections consists of 4 elements:
– Initial organisational review– Recommendations report– Review and assessment– Awarding of the ‘Investors in Collections’ marque
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Benefits
• The Investors in Collections process delivers a range of benefits for participating organisations:
• Recognising achievement over and above Museum Accreditation• Supporting planning, advocacy & strategic investment• Demonstrating commitment to best practice• Delivering efficiencies and reducing costs• Maximising use of and engagement with Collections• Future-proofing the museum
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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
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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
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‘Investors in Collections’ Award
• Museums achieving Investors in Collections status are awarded the Investors in Collections marque, which can be used:
– To highlight the museum’s commitment to best practice and standards in Collections Management
– In funding proposals, annual reports and other promotional material
– To raise professional awareness of the museum’s leadership in the field of Collections Management
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Core Model
CONTINUOUS IMPROVEMENT
Detailed Model
CONTINUOUS IMPROVEMENT
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CONTINUOUS IMPROVEMENT
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CONTINUOUS IMPROVEMENT
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COMPETENCIES
CONTINUOUS IMPROVEMENT
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RESOURCES
CONTINUOUS IMPROVEMENT
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CASE STUDIES
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;
– BSI PAS 197 Code of Practice for Cultural Collections Management
– The Collections Management Competency Framework
– The Collections Management KPI Framework INVESTORSIN
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How it works
• Investors in Collections is based on straightforward process of review, development, assessment and award. Re-validation takes place every 3 years
• Step 1: Download the Investors in Collections materials
• Step 2: Apply for Investors in Collections validation
• Step 3: Onsite review and assessment
• Step 4: Recommendations and development support
• Step 5: Final review and assessment
• Step 6: Award and recognition of Investors in Collections status INVESTORSIN
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Pricing
• Investors in Collections resources, toolkits and self-assessment questionnaire are provided free of charge
• Validation and support are available to members on a tiered basis:
BAND ANNUAL MEMBERSHIP (plus VAT)
Application fee £400
Tier 1: Turnover £2m plus per annum £5,000
Tier 2: Turnover £501k - £2m per annum £3,500
Tier 3: Turnover £500k or less £1,500INVESTORS
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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
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