The First Art Newspaper on the Net Established in 1996 United States Sunday, September 21, 2014


The Montclair Art Museum Launches Financial Security Plan
MONTCLAIR, NJ.- In response to the current sharp economic downturn, the Montclair Art Museum (MAM) has conducted a strategic review of its operations and capitalization, culminating with the recent adoption by its Board of Trustees of a long-range financial security plan. The plan calls for expense reductions, including reductions in hours for staff; a major capital campaign; and a deaccessioning campaign to support future art acquisitions.

Reg Hollinger, President of the Board of Trustees, said: “The Board is fully committed to the immediate needs of the Museum and to its long-term health. This plan addresses both. We are implementing actions to help us overcome current financial challenges and emerge as a stronger institution. We are extremely fortunate to be able to draw on the insights and depth of experience of our new director, Lora Urbanelli, to help guide the Museum as we take measures to promote its long-term strength.”

Lora Urbanelli, Director of the Montclair Art Museum, said: “The cuts we’ve had to make here are painful, no doubt about it. But what we are doing is managing our present situation to the best of our ability while simultaneously preparing for the future. I and the entire staff are devoted to this great Museum and we are aware of its place in the hearts of our community. In a few years we will celebrate 100 years of excellence in exhibitions, programming, and education. We will be ready for that proud and bright day.”

Adrian Shelby, Chairman of the Board of Trustees, said: “The Board is committed to maintaining the same high quality programming that our public has grown to expect. We are currently exhibiting a multi-generational retrospective on the extraordinary art of the Wyeth family, and in the fall we look forward to showcasing Cézanne and American Modernism, the largest and most ambitious exhibition we have ever conducted in our 95-year history. Rather than using the current environment as an excuse to retreat, we are forging ahead with great art, fine leadership, and a pragmatic plan.”

The plan has two components, the first of which is an operating expense reduction program to enhance the Museum’s financial strength in an environment of diminished public and private support. On March 16, 2009, MAM instituted an across-the-board roll- back in the hours of full-time staff members, who now work four rather than five days a week, closing the administrative offices on Mondays. MAM also eliminated a full-time staff position on March 16, 2009. These steps follow two previously announced rounds of staff cuts on July 1, 2008, and December 5, 2008. Over the past nine months, MAM has reduced its total staff from 57 to 44 positions, a decrease of 23%. Altogether, these cuts will reduce MAM’s total annual operating expenses by approximately $500,000. The operating expense reduction program will have a meaningful positive impact on MAM’s total annual operating budget of approximately $4 million.

The second component is a strategic initiative designed to increase the Museum’s endowment over the next five to seven years. Since July 1, 2008, the beginning of MAM’s current fiscal year, the value of the Museum’s total endowment has declined 25% from approximately $8 million to approximately $6 million. To ensure that MAM has an endowment commensurate with its long-term mission, the Board is currently evaluating plans to launch a major capital campaign to mark its forthcoming Centennial celebration in 2014. In Fiscal 2010 and 2011, the Museum plans to announce several leadership gifts anchoring its planned major capital campaign. To ensure that MAM is well capitalized for 2014 and beyond, the financial security plan has established a total aggregate endowment goal of at least $15 million by the end of the Centennial celebrations in Fiscal 2015.

An essential component of the Museum’s mission is the care, interpretation, and strategic growth of its permanent collection. In order to continue to have funds for the purchase of new works of art, in fulfillment of its mission, the Museum has adopted and begun the implementation of a deaccession plan to increase funds for art acquisition. Objects for sale include the Museum’s warehoused costume collection, rug collection, books, and selected works from storage that have rarely been displayed or are no longer consistent with the mission of the Museum. Proceeds from sales will be placed in a fund used solely to purchase works of art, which is consistent with MAM’s previous deaccession initiatives and with the Association of Art Museum Directors’ (AAMD) policy.

The Museum has a bustling program for the spring and summer of 2009 including the recently opened and critically acclaimed exhibition The Wyeths: Three Generations, sponsored by the Bank of America Corporate Art Program, presenting more than 60 paintings, drawings, and illustrations by N.C., Andrew, and Jamie Wyeth, which runs through July 19, 2009; related Wyeth symposiums and educational programming; the biennial Art in Bloom, May 6-10, 2009, with floral designs inspired by signature artworks from the Museum’s collection; additional Art in Bloom events, including a Blossom Blast Dance on Saturday, May 9, 2009, and an online auction (montclairartmuseum.cmarket.com); Art School classes; public lectures; and educational programs for all ages, from toddlers to senior citizens. Opening in the fall, the blockbuster exhibition Cézanne and American Modernism will run from September 13, 2009, through January 3, 2010.



Today's News

March 25, 2009

Musée du Luxembourg Opens Filippo and Filippino Lippi: The Renaissance in Prato

Sotheby's Arts of the Islamic World Sale To Be Highlighted by Rare Mamluk Glass Bucket

Francis Bacon and Spanish Painting at the Prado Museum

Guggenheim Museum Announces New Exhibition Series Devoted to Emerging Artists

Bilbao Fine Arts Museum Opens From Cezanne to Leger Exhibition as Part of Art on Paper Series

Sotheby's Auction Represents Final Opportunity To Buy Fine English Furniture from Prestigious Dealer

Norton Museum of Art Announces Departure of CEO/director Christina Orr-cahall

Scrimshawed Whale's Tooth from Charles Darwin's Historic Voyage for Sale at Bonhams

MoMA Honors Award-winning Director Mike Nichols with Retrospective Spanning Four-decade Career

Major Mississippi Museum of Art Exhibition has a French Accent

Walker Art Center Presents Exclusive Presentation of Steve McQueen's Hunger

Advance Tickets to Ateneum Picasso Exhibition Going on Sale

Nine Laureates Announced on 10th Anniversary of Governor General's Awards in Visual and Media Arts

Wesleyan University's Ezra and Cecile Zilkha Gallery Announces Global Warning: Artists and Climate Change

New Medieval Gallery at the British Museum

Jersey City Museum Bids Farewell to Longtime Director

Museum of Fine Arts, Boston Announces Vida y Drama: Modern Mexican Prints

The Montclair Art Museum Launches Financial Security Plan

Portable Histories: A Collaborative Exhibition between IMMA and Art Alongside Opens at Wexford Arts Centre

Corita Kent Arts & Culture Talks Lecture Series Presents "Women and South Asian Art"

Most Popular Last Seven Days



1.- Fever mounts as stunning statues found at Alexander The Great-era tomb

2.- Hi-tech underground scans reveal vast complex of monuments at Britain's Stonehenge

3.- National Geographic Museum opens exhibition featuring shark-munching Spinosaurus

4.- First major New York City exhibition to explore Vienna Actionism opens at Hauser & Wirth

5.- Elizabeth I 'airbrushed' for 18th century make-over and a bug is found in Edward VI

6.- Award winning Swedish director Daniel Fridell to direct Kalliope Films' Vincent Van Gogh biopic

7.- Comprehensive retrospective exhibition of Joan Miró's work opens at the Albertina

8.- Synchrotron radiation technology in art conservation: Science to the rescue of art

9.- Mona Kuhn's first solo exhibition in the US opens at Edwynn Houk Gallery

10.- Sotheby's announces details of its sales series for Property from the Collection of Mrs. Paul Mellon

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, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site