The Arts Act of 1951 established the Arts Council in response to the Bodkin Report which outlined the sad condition of the arts in Ireland. Sir Basil was a co-opted member of the Council from its formative years and was instrumental in acting on many of its policies.
Goulding was the founding Chairperson of the Contemporary Irish Art Society in 1962, along with Gordon Lambert, Cecil King, Stanley Mosse, James White and Michael Scott. The enthusiasm and vision of these founding members of the society was the catalyst which led to the development of many important art collections in Ireland. The purpose of the society was to encourage a greater level of patronage of living Irish artists which, at the time, was extremely low. This was mainly achieved by raising funds to purchase artworks by living artists, which were then donated to public collections. The first purchase in 1962 was an important painting by Patrick Scott, donated to the Hugh Lane Municipal Gallery of Modern Art. Over the following 12 years the society purchased 37 works for the Hugh Lane Municipal Gallery, until in 1974, Dublin Corporation started to provide an annual purchasing fund for the gallery.
Following completion of the report 'Design in Ireland', the Kilkenny Design Workshops was set up in 1963. It endeavoured to nurture native Irish crafts particularly textiles, metalwork, ceramics, glass and furniture to have a modern yet distinctly Irish sensibility. The KDW was the first State sponsored design agency in the world and was held as a model of governmental intervention in design. Sir Basil sat on the board of the KDW from its origination and occupied the role of Chairperson from 1977 until 1981.
Sport
Cricket
A right-handed batsman and wicket-keeper, he played twice for the Ireland cricket team against the MCC in 1934, the year in which his father was president of the Irish Cricket Union. He made his debut in July in a two-day match, scoring seven runs in the Ireland second innings and taking one catch in the MCC first innings. The following month, he played his only first-class match, not scoring in either innings.
W & HM Goulding Ltd. was a well established fertiliser manufacturer. In the 1850s W. and H.M. Goulding built a large factory in The Glen that was used to make phosphate fertilizers and the area became known as Goulding's Glen. The factory closed and was demolished in the mid-20th century and very little of it remains today. The land was donated to the people of Cork by Sir Basil Goulding in the late 1960s and was subsequently developed as an amenity park.