<< Chapter < Page Chapter >> Page >

What made these tasks more difficult was the uncertainty that prevailed regarding the Society's long-term future. The advisory committee's charge was to address all options including reorganization, merger, and even dissolution if nec­essary. Debs and her staff had to coordinate their efforts with the evolving opin­ions of the committee so that steps taken would not conflict with the committee's final recommendations.

As Debs worked to establish administrative stability, the board also acted, once again taking steps to improve its governance structure and to increase its capacity to provide financial support. In November 1988, at the prompting of the advisory committee, the board approved several changes to its by-laws, some of which reversed changes that had been made during the latter part of the Bell adminis­tration. The board increased its maximum allowable membership from twenty-nine to fifty. The director's position was renamed president and was invested with all the powers of a chief executive officer, including ex officio status on the board of trustees. The title of president was changed to chairman of the board. A process of systematic rotation and evaluation of trustee performance was established and was to be administered by a new committee on trustees. Other new committees established were a development committee; a finance committee; a joint sub­committee on development, planning, and finance; and a collections committee with three subcommittees: exhibitions and interpretation, conservation and preser­vation, and collections management.

This and all other unattributed information and quotations are taken from board meeting minutes or other internal documents and records.

By the latter part of 1988, circumstances had improved. The board had ap­proved the sale of real estate that the Society owned on Forty-Second Street for $1.7 million. Unlike the Peck bequest, the Society's board treated this one-time inflow as capital, adding it to the unrestricted endowment.

An article in the New York Times discussed some of the "small but surely mean­ingful" changes occurring at the Society. It said, "Most remarkably, the Society, which for its 184-year history has been run largely like a private institution, shun­ning contact with city and neighborhood groups, is now eagerly soliciting advice, help and friendship from those groups."

McGill (1988i).
In October, the inaugural His­tory Makers' Gala, which honored Paul Volcker, netted the Society nearly $400,000. In addition, public attention on the Society's financial difficulties dur­ing the summer had helped increase private contributions, especially from trustees. By November, the trustees had contributed nearly $1 million, with six trustees giving $100,000 or more. Although only time would tell whether such levels of giving were sustainable, the increases reduced the projected operating deficit and seemed to indicate that the Society was moving in the right direction.

By the end of November, public opinion had shifted in the Society's favor. An article in the New York Times trumpeted the improving situation. Discussing the Society's $2 million deficit, John Macomber said, "There would be no cred­ibility for this institution if the trustees didn't raise the $2 million, which we think is a lead-pipe cinch. . . . The trustees have responded very well."

McGill (1988c).
Staff members spoke of the positive impact that Debs was having on the institution. Holly Hotchner, the director of the Society's painting conservation department, said, "All these years can't be turned around in a few months. But every correct step that can be taken, at this point, is being taken. Every hard question is being asked." Comparing staff morale under Debs with the situation under Bell, Karen Buck, the Society's assistant director of development, said that "it's the difference between night and day."

Questions & Answers

can someone help me with some logarithmic and exponential equations.
Jeffrey Reply
sure. what is your question?
okay, so you have 6 raised to the power of 2. what is that part of your answer
I don't understand what the A with approx sign and the boxed x mean
it think it's written 20/(X-6)^2 so it's 20 divided by X-6 squared
I'm not sure why it wrote it the other way
I got X =-6
ok. so take the square root of both sides, now you have plus or minus the square root of 20= x-6
oops. ignore that.
so you not have an equal sign anywhere in the original equation?
Commplementary angles
Idrissa Reply
im all ears I need to learn
right! what he said ⤴⤴⤴
what is a good calculator for all algebra; would a Casio fx 260 work with all algebra equations? please name the cheapest, thanks.
Kevin Reply
a perfect square v²+2v+_
Dearan Reply
kkk nice
Abdirahman Reply
algebra 2 Inequalities:If equation 2 = 0 it is an open set?
Kim Reply
or infinite solutions?
The answer is neither. The function, 2 = 0 cannot exist. Hence, the function is undefined.
Embra Reply
if |A| not equal to 0 and order of A is n prove that adj (adj A = |A|
Nancy Reply
rolling four fair dice and getting an even number an all four dice
ramon Reply
Kristine 2*2*2=8
Bridget Reply
Differences Between Laspeyres and Paasche Indices
Emedobi Reply
No. 7x -4y is simplified from 4x + (3y + 3x) -7y
Mary Reply
is it 3×y ?
Joan Reply
J, combine like terms 7x-4y
Bridget Reply
im not good at math so would this help me
Rachael Reply
I'm not good at math so would you help me
what is the problem that i will help you to self with?
how do you translate this in Algebraic Expressions
linda Reply
Need to simplify the expresin. 3/7 (x+y)-1/7 (x-1)=
Crystal Reply
. After 3 months on a diet, Lisa had lost 12% of her original weight. She lost 21 pounds. What was Lisa's original weight?
Chris Reply
what's the easiest and fastest way to the synthesize AgNP?
Damian Reply
types of nano material
abeetha Reply
I start with an easy one. carbon nanotubes woven into a long filament like a string
many many of nanotubes
what is the k.e before it land
what is the function of carbon nanotubes?
what is nanomaterials​ and their applications of sensors.
Ramkumar Reply
what is nano technology
Sravani Reply
what is system testing?
preparation of nanomaterial
Victor Reply
Yes, Nanotechnology has a very fast field of applications and their is always something new to do with it...
Himanshu Reply
good afternoon madam
what is system testing
what is the application of nanotechnology?
In this morden time nanotechnology used in many field . 1-Electronics-manufacturad IC ,RAM,MRAM,solar panel etc 2-Helth and Medical-Nanomedicine,Drug Dilivery for cancer treatment etc 3- Atomobile -MEMS, Coating on car etc. and may other field for details you can check at Google
anybody can imagine what will be happen after 100 years from now in nano tech world
after 100 year this will be not nanotechnology maybe this technology name will be change . maybe aftet 100 year . we work on electron lable practically about its properties and behaviour by the different instruments
name doesn't matter , whatever it will be change... I'm taking about effect on circumstances of the microscopic world
how hard could it be to apply nanotechnology against viral infections such HIV or Ebola?
silver nanoparticles could handle the job?
not now but maybe in future only AgNP maybe any other nanomaterials
can nanotechnology change the direction of the face of the world
Prasenjit Reply
At high concentrations (>0.01 M), the relation between absorptivity coefficient and absorbance is no longer linear. This is due to the electrostatic interactions between the quantum dots in close proximity. If the concentration of the solution is high, another effect that is seen is the scattering of light from the large number of quantum dots. This assumption only works at low concentrations of the analyte. Presence of stray light.
Ali Reply
the Beer law works very well for dilute solutions but fails for very high concentrations. why?
bamidele Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
Privacy Information Security Software Version 1.1a
Got questions? Join the online conversation and get instant answers!
QuizOver.com Reply

Get the best Algebra and trigonometry course in your pocket!

Source:  OpenStax, The new-york historical society: lessons from one nonprofit's long struggle for survival. OpenStax CNX. Mar 28, 2008 Download for free at http://cnx.org/content/col10518/1.1
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'The new-york historical society: lessons from one nonprofit's long struggle for survival' conversation and receive update notifications?