Jordan Struggles As Republicans Sink Deeper Into Division The New York Instances
Over two years, the stock market plummeted 50 percent and took museums’ endowments with it. What had been secure nest eggs that produced dependable income suddenly left museums scrambling to make ends meet. The Indianapolis Museum of Art’s endowment fell by $100 million, forcing then director Maxwell Anderson to put off more than one hundred ten individuals as a end result of 75 % of his budget got here from that single supply. The Los Angeles Museum of Contemporary Art, which had been unwisely spending down its endowment, teetered on the purpose of bankruptcy and had to be saved by …