“ . . . the wealthiest of our institutions are art museums, that’s where you see the huge endowments,” said Coleman.
‘They’re not in the local historical society, they’re not at the children’s museums. Most of those are operating on very tight margins. So when you cut off the primary means for us to operate, like admission and attendance, like any business, we’re struggling.’”
The COVID-19 pandemic may be an opportunity to look transparently at museum endowments and their limitations, and consider the need for alternative sources of support in the months to come.