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Wednesday, October 29, 2008

Museums Prepare for the Worst

The economy’s impact on charities’ donations and services has been the topic of many of our recent blogs. While many charities are finding themselves hit with the double impact of increased need for services and decreased financial resources, some charities are fearing that their programs will simply no longer be considered necessary as Americans cut back on their spending. Museums in particular are preparing themselves for a drastic reduction in donations, many taking preventative steps to avoid a future crisis. As this recent New York Times article reports, museums are instituting hiring freezes, cutting their budgets, offering lower-end products in their gift shops and making more creative choices about the exhibitions they will offer. Nearly all of the museums mentioned in this article are highly rated by Charity Navigator, indicating that they have historically made good decisions about their financial operations and are well positioned to sustain themselves in the long run. These highly rated museums include the Los Angeles County Museum of Art (4 Stars), Metropolitan Museum of Art (4 Stars), The Museum of Modern Art (4 Stars), National Gallery of Art (4 Stars), The Art Institute of Chicago (3 Stars) and Brooklyn Museum (3 Stars).
If you are an arts lover, we urge you to consider making a contribution to one of these museums, or browse a list of highly rated museums on our site. Remember, a contribution now can help ensure that these important institutions will be around in the future.

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