Monday, February 2, 2009

NYT Editorializes about Brandeis

Today's New York Times includes an editorial decrying the decision by Brandeis to close its museum and sell some 6,000 works of art. (See the Jan. 29 post by David Brennan about the proposed sale.) The NYT says the decision to sell the art "has made hard times worse" and notes that the market for art has dropped as precipitously as the stock market. The editorial says the sale "would create a gaping hole in Brandeis' mission and its reputation." The editorial also notes that the donors of the art or or money that made the purchases possible "almost certainly did not think of them as temporary gifts to be cashed in during hard times."

Keep watching for more on this story - given the outcry over the announced sale, there will be more to read soon.
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http://lawprofessors.typepad.com/nonprofit/2009/02/nyt-editorializ.html

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