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Home / Whanganui Chronicle

Last of bequest to help fund Sarjeant Gallery redevelopment

Zaryd Wilson
By Zaryd Wilson
Editor - Whanganui Chronicle ·Whanganui Chronicle·
8 Nov, 2017 10:00 PM2 mins to read

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An artist's impression of the proposed Sarjeant Gallery redevelopment.

An artist's impression of the proposed Sarjeant Gallery redevelopment.

The remainder of Henry Sarjeant's estate will be used to help fund the redevelopment of the gallery in his name.

Sarjeant died in 1912 leaving his estate to the council to build what became the Sarjeant Gallery.

Last week Whanganui District councillors voted to use what was left of the bequest -about $600,000 - to go towards the $34.9 million redevelopment.

Read more: Whanganui right fit for new Sarjeant Gallery staffer
The woman behind the Sarjeant
Ratepayers to be $3.9m guarantors of Sarjeant redevelopment

At the same meeting councillors voted for council to act as a $3.9m guarantor of the gallery redevelopment.

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The Sarjeant Gallery Trust has raised 90 per cent of the required money.

Just over $400,000 of the bequest sits in two funds while the remainder exists as a 10 per cent share of property on St Hill St.

That will be sold to the harbour endowment - a portfolio of 97 commercial properties - managed by the council.

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"[It] generates some income which has gone to the Sarjeant over the years for its acquisitions fund," said council libraries and community manager Pete Gray.

"One of the reasons there is so much money in this fund at the moment is that the gallery has not been spending the money from the acquisition fund."

In a report to councillors Mr Gray said "this use of the remaining bequest funds is entirely in line with the terms of the original bequest but requires a positive decision by council as the trustee of the funds".

Discover more

Sarjeant Gallery: Meet the gallery's new registrar

30 Oct 04:00 PM

Ratepayers to guarantee $3.9m of gallery project

01 Nov 04:00 PM

Whanganui good fit for Sarjeant staffer

07 Nov 05:00 AM

The woman behind the Sarjeant

04 Nov 05:00 AM
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