Courtauld became a Fellow of the
Royal Geographical Society in 1920. He later became a member of the Council and was Vice President of the Society (1944–1946). He was chairman of the committee to raise the necessary funds to equip the
British Arctic Air Route Expedition (1930–1931), led by
Gino Watkins. Courtauld's first cousin
Augustine Courtauld was a member both of the committee and of the expedition. He funded construction of an ice rink in Westminster, the London Ice Club, which opened on 13 January 1927.
World War II forced the club's closure in 1940. Courtauld collaborated with
Basil Dean and
Reginald Baker and made a substantial financial contribution to the construction and development of
Ealing Studios. At the opening of two large sound stages in December 1931, providing facilities for 12 film productions a year, the ribbon-cutting ceremony was performed jointly by Virginia Courtauld and actress Gracie Fields. Courtauld was subsequently chairman of the Ealing Studios group of companies for 20 years and was instrumental in the appointment of
Michael Balcon to take charge of the production programme in 1938. He was a trustee of the
Royal Opera House in London's
Covent Garden, and provided financial support for the Courtauld Galleries in
Cambridge's
Fitzwilliam Museum. He funded a Scholarship for the Art of Engraving at the
British School at Rome. He undertook the redevelopment of
Eltham Palace in
Eltham, south-east
London with his wife Virginia during the 1930s. They employed
architects
John Seely and Paul Paget and fashionable
Mayfair interior designer the Marchese
Peter Malacrida (1889–1980) to design a new private house in the
Art Deco style to adjoin the existing Palace building, which was extensively restored. Malacrida also designed the interiors of the Courtauld's 712-ton luxury
yacht,
Virginia (launched in 1930 at
Dalmuir on the Upper
Clyde in Scotland). Later in the Second World War, the Courtaulds left Eltham Palace in May 1944 to live in Muckairn,
Taynuilt, Scotland, as the site was on one of the
Luftwaffe bombing paths towards London and was subjected to some direct hits. ==The Rhodesia years==