Thursday, January 29, 2009
The January 28, 2009, issues of the Chronicle of Higher Education and The Boston Globe report that upset Brandeis University donors are looking at ways to stop the university's planned sale of artwork to cover university losses as a result of the economic downturn and the Bernard Madoff scandal. Here is an excerpt from the CHE article:
The decision has raised complicated legal questions over donor intent and the university’s use of money given to the museum and of the donated artwork, especially restricted donations that require the art to be publicly shown.
“Had I had any idea when I donated work that there was a chance they would be sold to benefit the university, I never would have donated them,” Jonathan Novak, a museum overseer and Brandeis graduate who has donated money and art to the museum, told the newspaper.
For the entire story, see "Upset Brandeis U. Donors Look for Ways to Keep Art Museum Open" in the January 28, 2009, issue of the Chronicle of Higher Education and "Museum backers seek halt to selloff" in the January 28, 2009, issue of The Boston Globe.