finance

A recent New York Times article noted the very large donations ($10 million!) expected of donors to Manhattan’s large museums. Museums need the money, but: how should museums strike a balance between their need for board members with different skills (fundraising, professional services, publicity, mission-related), and broadly represent the community, when the expectations of donations are so high? How can museums create a Board of Directors with members that can help achieve success on many levels, not just financial? Is it ethical to stack a Board with members that will raise the most money or plan the best parties?