The First Art Newspaper on the Net   Established in 1996 United States Friday, May 25, 2018

Indianapolis Museum of Art Initiates Mission-focused Budget Reductions and Staff Restructuring
IMA Design Center. Photo: Indianapolis Museum of Art.

INDIANAPOLIS, IN.- The Indianapolis Museum of Art announced today a strategic restructuring that includes a 10% reduction in personnel and a 15% reduction in operating expenses. These changes were triggered by the drop in the value of the IMA’s endowment from $382 million to $281 million since the fall of 2008 and follow $1.7 million of in-year cuts to the operating budget that were announced in January 2009. Trends in endowment figures since September 2007 can be found on the IMA Dashboard at

For its fiscal year beginning July 1, 2009, the IMA projects an operating budget of $25.5 million; this is a net reduction of $2.5 million from the IMA’s budget of $28.1 million for 2008-2009. Despite the tough economy, the IMA, which attracts close to 500,000 visitors annually, will continue to offer free general admission. The restructuring will lead to some strategic programming changes, but it will not impact the overall experience of visiting the IMA.

“I am confident that these changes will allow the IMA to operate efficiently while pursuing its core mission. As we continue the commemoration of our 125th anniversary, we know that in past times of hardship, careful planning and restraint helped the IMA emerge as a stronger institution,” said Maxwell L. Anderson, The Melvin & Bren Simon Director and CEO of the IMA. “At the same time, it is with great regret that we see many talented individuals leave the Museum,” he added.

The IMA is spreading the cuts across departments including curatorial, conservation, registration, education, development, events, public affairs, buildings, museum information systems, environmental and historic preservation, retail and protection services. Fifteen full-time positions and six part-time positions are being eliminated. Six full-time vacant positions will not be filled, and the Museum will reduce its reliance on seasonal employees who help maintain the gardens and grounds. The IMA is providing severance packages and outplacement services to those affected by the restructuring.

In recognition of the complex financial challenges the Museum faces, 10 IMA senior staff members including the director and CEO, senior curators and top administrators have volunteered to make donations to the Museum equivalent to 3% of their salaries.

The IMA relies on its endowment to fund approximately 70% of its operating budget, and though the IMA’s investments have performed well ahead of the broader market, immediate adjustments are necessary in recognition of the endowment’s loss of more than $100 million from its value at the beginning of 2008. Other revenue sources including membership, individual giving, foundation support, corporate support and retail sales have remained steady, but in many cases, individuals and foundations that support the IMA have faced similar losses in their investment portfolios. The IMA receives less than 1% of its budget from local and state government. Though minimal, the government support the IMA does receive is likely to be reduced. Possible declines in endowment and contributed and earned income may cause the Museum to make further reductions in the coming months.

The restructuring addresses an increasingly globalized museum landscape, and involves management changes as well as staff reductions. A newly formed team of four senior IMA curators will play a leading role in institutional decision-making related to the stewardship of the Museum’s collections. Their review will result in fresh strategies for collecting and displaying the art of every culture represented at the IMA, taking into account evolving international legislation and increased sensitivity to the complexities of protecting cultural heritage from non-Western nations, as well as the myriad challenges of collecting and representing the visual traditions of the 21st century from around the world. This new curatorial team will complement four existing cross-departmental task forces that develop ongoing recommendations concerning institutional evaluation, strategic planning, budgeting and professional development.

The decisions announced today follow the January 2009 announcement of budget reductions totaling $1.7 million for 2008-2009. A museum-wide salary freeze and a hiring “frost”—meaning that only very exceptionally and strategically will new hires take place—are still in effect. The Museum will continue as planned with its two special exhibitions in 2009, European Design Since 1985: Shaping the New Century and Sacred Spain: Art and Belief in the Spanish World. As previously announced, the Museum has rescheduled the opening of 100 Acres: The Virginia B. Fairbanks Art & Nature Park for Spring 2010.

In addition, the IMA will move forward with previously announced projects central to its mission, including integration into the Museum’s collections of Miller House and Garden in Columbus, Ind., and the creation of a conservation science laboratory on the Museum’s premises.

“Even though we are facing tough choices right now, it is important that we invest in the future so that the IMA can continue to provide an enriching and vibrant museum experience. We will continue our leadership role in ethical, innovative and transparent professional practices. We will redouble our efforts to serve our community with free general admission, an oasis of new ideas, a sense of responsibility for the world’s cultural inheritance and a commitment to lifelong learning,” stated Anderson.

Today's News

March 1, 2009

MoMA Presents Major U.S. Retrospective of Influential German Artist Martin Kippenberger

The First BMW Art Car by Alexander Calder to Go to Irish Museum of Modern Art

Baltic Centre for Contemporary Art Announces Exhibition of Sarah Sze's Tilting Planet

Liverpool through a Lens: Work of Rock Photographer Goes on Display

Indianapolis Museum of Art Initiates Mission-focused Budget Reductions and Staff Restructuring

MoMA Deepens Commitment to Collecting, Preserving, and Exhibiting Performance Art

Notation: Calculation and Form in the Arts to Open at ZKM in Germany

2009 North Carolina Living Treasures: Ceramics by Cynthia Bringle and Norm Schulman Opens

Aperture Enters 2009 with Two New Hires in Development-Maria Laghi and Kit Baker

Exhibition Explores Religious and Political Power of African Figure Sculptures

Marc Newson's Lockheed Lounge to be Offered at Phillips de Pury & Company London Design Sale

MCA Audiences Continue to Broaden with Another Year of Record Attendances

Getty Research Institute Launches New Online Cataloging Initiative

Legendary Dance Theatre of Harlem's 40-Year History Traced in Exhibition at The New York Public Library

Freer and Sackler Galleries Celebrate the National Cherry Blossom Festival with Monster Tales and Anime Films

Take a Closer Look at the Work of Local Artists and Collectors During Art in the Afternoon with the Taft Museum of Art

Scholars to Discuss Image and Movement March 13 and 14 During Symposium

New Online Collection Highlights First Years of Airmail Service

Art Now: Hurvin Anderson, Peter's Series on View at Tate Britain

As Gerhard Richter Portraits Opens National Portrait Gallery has Best Year Ever for Visitor Figures

Most Popular Last Seven Days

1.- New Rembrandt found after being bought at London auction

2.- Exhibition at Fotohof focuses on groups in society who are at risk of marginalisation

3.- John Brennan collection of Rock n Roll memorabilia offered at RR Auction

4.- A Bob Dylan guitar fetches $495,000 at auction

5.- Exhibition in San Francisco focuses on the latter half of René Magritte's career

6.- 'Mad' king Ludwig II of Bavaria lost gift to composer Richard Wagner gets rare show

7.- New Royal Academy of Arts opens in celebration of its 250th anniversary

8.- Researchers uncover Anne Frank's 'dirty jokes'in her diary

9.- New York art sales near $3 billion in two weeks as uber-rich hunt trophies

10.- Berlin's Ethnological Museum returns grave-plundered artefacts to Alaska

Related Stories

Important Judaica and Israeli & international art bring a combined $7.9 million at Sotheby's New York

Tunisia to auction ousted despot's treasures

Andy Warhol's Mao portraits excluded from the Beijing and Shanghai shows next year

China criticises French Qing dynasty seal auction

Christie's announces auction marking the first half century of the popular and luxurious interiors shop Guinevere

Nine new exhibits debut at San Diego International Airport

Rembrandt masterpiece "Portrait of Catrina Hooghsaet" back on display at National Museum Cardiff

Amber: 40-million-year-old fossilised tree resin is Baltic gold

Egyptian artist Iman Issa wins the Ist FHN Museu d’Art Contemporani de Barcelona Award

The main chapel of the Basilica of Santa Croce open for visits after five year restoration

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful