finance
Museum Wades Into Politics With a Fund-Raiser
Just as the Intrepid Sea, Air and Space Museum is seeking to expand onto state property in Midtown Manhattan, some of its trustees have been pressing the rest of the board to contribute to Gov. Andrew M. Cuomo’s re-election campaign by buying tickets to his birthday party on Tuesday night.
Read MoreBlockbusters: Too Big to Fail?
Is the age of the blockbuster exhibition over? The chief executive of the Royal Academy of Arts notes that its demise has been predicted since the 1980s.
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Museum Ethics Q & A: Museum Ethics and Board of Directors Fundraising
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?
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