<< Chapter < Page Chapter >> Page >

Revenues to pay for this expenditure base were to come from four sources: fundraising, investment income, earned income, and public support. Because the Society's unrestricted endowment was small, investment income would cover a small part of the total ($900,000, or 14 percent, in 1990). With attendance averaging just 45,000 between 1986 and 1989, earned income could not play a dominant role either ($1 million, or 15 percent). Public funding, which would in­clude government grants as well as direct operating support from the city and state, was budgeted at $800,000 in 1990, $900,000 in 1991, and $1,250,000 in 1992. Of course, this income was not at all assured and represented a key element of the plan. Regular public appropriations, even if they were relatively small, would send an important signal to private contributors about the Society's future. The rest of the operating budget was to be covered by fundraising of various kinds, all of which was subject to significant risk. The bridge funding, to be raised from a consortium of private foundations, was projected to amount to a total of $10 mil­lion, or $3.3 million per year (51 percent of all private fundraising in 1990). Trustee giving was budgeted at $1.1 million, $1.2 million, and $1.5 million for the three years. Individual, other foundation, and corporate giving was budgeted at a total of $1.7 million, $1.9 million, and $2.25 million.


Bridge Phase
1989 7990 1991 7992
Operating Expenditures
Operating expenditures 6,500 6,500 6,825 7,166
One-time capital expenditures 800
Inflation (compounded at 5%) 325 341 358
Operating expenditures 6,500 6,825 7,166 7,525
Operating Revenues
Fundraising 4,700 6,133 6,433 7,083
Bridge support (foundations) 3,333 3,333 3,333
Trustee giving 1,100 1,200 1,500
Individual giving 700 700 700
Foundations 600 700 800
Corporations 400 500 750
Public funds: grants and appropriations 800 900 1,250
Earned income 900 1,000 1,400 1,400
Investment income 900 900 1,100 1,250
Projected operating revenues 5,600 8,033 8,933 9,733
Surplus to unrestricted endowment (900) 1,208 1,767 2,208
Capital campaign to endowment 5,000 5,000 5,000
Deaccessioning to restricted endowment 3,333 3,333 3,333
6/30/89 6/30/92
Unrestricted endowment (approximate) 9,500 28,000
Restricted endowment (approximate) 4,000 14,000

Source: New-York Historical Society records.

On top of this operating support, the Society also intended to launch a cap­ital campaign to raise $5 million per year during the bridge period. If all of the pieces were to fall into place, by June 1992, the Society would have an unrestricted endowment of approximately $28 million and a restricted endowment of $14 mil­lion, a sound base from which to begin a second phase of its long-term plan.

See Chapter Ten for a detailed discussion regarding the distinctions between restricted and unrestricted funds and their uses.

The Society and its staff continued to take major steps forward, even before the advisory committee had issued its report. During early 1989, Debs and her staff successfully negotiated two contracts with unions representing Society work­ers, reorganized the administration into four departments (museum, library, external affairs, and finance and administration), restructured the public pro­gramming and installation planning to ensure that the programs and galleries re­flected the new mission in a unified way, and secured the support of Community Board 7 of the Upper West Side, the community group that had been most vocal in opposing the Society in its effort to develop its real estate in the mid 1980s.

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?