Museum Finance: Issues, Challenges, and SuccessesMuseum Finance: Issues, Challenges, and Successes looks at why museum finance is inherently challenging and how difficult it is to balance the need to generate adequate funding while providing accessible, meaningful mission-based services. The book’s purpose is to help museum leaders at all levels recognize and avoid certain financial minefields and realize that while there are financial hurdles in the museum world, they are solvable. The book is filled with numerous examples illustrating the range of challenges faced by museums and how institutions met these challenges along with advice on how institutions can be successful in the face of financial difficulty. |
Contents
| 1 | |
| 5 | |
3 Blending Money and Mission | 27 |
4 Diversifying with Care | 51 |
5 Expanding When Ready | 63 |
6 Taking Care of Business | 83 |
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accessed January 18 accessed July 28 accounts activities Alliance of Museums American Alliance Art Museum assets audiences Berkshire Museum budget cash Chicago Tribune collections create crisis culture Daymond John debt decision-making decisions Dede Wilsey developed diversification donors Drucker earned income embezzlement employee endowment entrepreneurial entrepreneurship example exhibitions existential existential crisis February 16 financial challenges financial management financial matters fraud funders funding fundraising gift goal growth Guggenheim Hanford Mills https://www impact important initiatives institution’s institutions internal controls investment issues lack long-term major Mark Hager million mission museum director museum finance museum found Newseum Old Sturbridge Village ongoing operational costs organization’s pandemic Panhandle-Plains Historical Museum Peabody Essex Museum Peter Drucker policies problems programs rebranded relevant responsibility result revenue projections revenue sources revenue streams risk seum staff success sustainable theft things tion trustees understanding visitors Whistleblower York