<< Chapter < Page Chapter >> Page >
Chapter Eight of the story of the New-York Historical Society

Chapter eight: facing tough choices today

Another new beginning

The appointment of Betsy Gotbaum as executive director marks yet another "new beginning" in The New-York Historical Society's long and troubled history. At first glance, one cannot help but wonder about the Society's chances for success. Its endowment has dwindled, its donor constituency is narrow, and it has run deficits in twenty of the past twenty-five years. Since 1987 alone, the Society's cumulative operating deficits (including depreciation) have totaled more than $15 million. Ironically, it is the very severity of the Society's situation that has made it possible to try again. The truly dire circumstances, combined with public recog­nition of the enormous value of the Society's unique collections, have resulted in the first direct and substantial support from the state and city government since well before the turn of the twentieth century.

Unfortunately, however, the $12.6 million appropriation made by the New York State and City governments neither solves the Society's financial problems nor provides the means for the Society to address many of its other programmatic and organizational difficulties. So what is next for the Society? The latter part of this chapter outlines a series of options the Society could consider as it plans for the future. First, however, to frame the various choices the Society's leaders face, it is useful to begin by recapitulating the fundamental threads, themes, and problems that emerge from this study of the Society's 190-year history.

The major issues before the Society fall into three broad categories. First, there are the burdens incumbent on any organization responsible for valuable old col­lections and an aging physical plant. These can be separated into questions of collections management, preservation and conservation, and building mainte­nance. Second, there are issues associated with the Society's obligation to provide public service. Finally, there are institutional and governance issues, including those arising from the Society's effort to manage and balance the needs of both a mu­seum and a library.

Collections management

The oldest problem for Society management stems from the undisciplined accu­mulation of materials during the Society's first 150 years. The steady inflow of tens of thousands of books, boxes of manuscripts, paintings, prints, and ephemera was literally impossible for the Society's tiny staff to keep up with. In addition, during the first seventy-five years of its existence, the Society was on its own, stor­ing and categorizing the items as well as it could, without any established, pro­fessionalized standards to guide it. Library and museum norms simply did not exist. By the time professionalized standards for cataloging and sharing collections became widely recognized and used, the Society already faced a hundred-year cataloging backlog.

Today, the backlog remains extremely large. Even for the parts of the col­lection that have been cataloged, there is no single unified record of the materi­als, making it difficult for library staff to access the Society's collections with efficiency. Although the exact size of the Society's catalog backlog is uncertain, there is no doubt that to catalog the Society's entire collection would take a very long time, probably decades.

Questions & Answers

differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now




Source:  OpenStax, The new-york historical society: lessons from one nonprofit's long struggle for survival. OpenStax CNX. Mar 28, 2008 Download for free at http://cnx.org/content/col10518/1.1
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'The new-york historical society: lessons from one nonprofit's long struggle for survival' conversation and receive update notifications?

Ask