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Were these fundraising goals reasonable? Perhaps not, but the primary body that committed to them, the Society's board of trustees, was the same entity re­sponsible for attaining them. It is not difficult to understand how the Society found itself in such a predicament. First, society leadership had worked with the advi­sory committee to establish an extremely ambitious set of goals for the level of ser­vices it should and would provide. Second, it had sold its primary stakeholders, including government officials, the general public, and its own programmatic staff, on the importance of those goals, various elements of which were crucial for gain­ing the support of a wide range of constituencies. And third, it had those goals further validated by the settlement of the attorney general's investigation, but with the added requirement that the Society submit balanced budgets for the next four years. With all of the programmatic elements in place and despite a great deal of positive momentum for its renewed public service role, the Society found itself with neither the cash nor the types of assets needed to generate the cash flow to fulfill its promise. This combination of developments left Society leadership with essentially two choices: (1) publicly give up on the plan that had so recently been launched and restructure or possibly dismantle the Society or (2) take a leap of faith, hoping that by becoming a more inclusive and public-service-minded institution, it could enlarge its base of potential funders, both private and public. It chose the latter.

Seeking affiliations, 1991-1992

The Society's leadership had to be initially encouraged by its improving public reputation. An article in the New York Times reviewing the Society's new exhibition "Paris 1889: American Artists at the Universal Exposition" was positively glow­ing: "Visitors will immediately sense a place different in spirit from the dour institution that was there before."

Kimmelman (1990).
The article also identified and discussed vari­ous new initiatives at the Society, stating that "for an institution that for decades had shown scant interest in the public it ostensibly served, all of this comes as noth­ing less than an extraordinary change of affairs." These developments underscore "the impression that the Society is finally in capable hands" and are "the most immediate demonstration of the society's new mission to transform itself from a kind of private club into an institution that truly serves the public. . . . There is now the promise, at least, that it will become one of the city's most engaging cultural centers."

The positive public response to its programs, however, did not translate into increases in the Society's unrestricted cash balances. The Society's cash flow prob­lems grew even more acute in late 1990 and early 1991, and management feared at one point that it would not be able to make payroll. The Society was able to avert a crisis when it secured a $ 1 million one-year loan from the Golden Family Foundation, which was collateralized with the Society's neighboring townhouse on Seventy-Sixth Street.

Questions & Answers

What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
sciencedirect big data base
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
characteristics of micro business
for teaching engĺish at school how nano technology help us
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
what is the actual application of fullerenes nowadays?
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
is Bucky paper clear?
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Do you know which machine is used to that process?
how to fabricate graphene ink ?
for screen printed electrodes ?
What is lattice structure?
s. Reply
of graphene you mean?
or in general
in general
Graphene has a hexagonal structure
On having this app for quite a bit time, Haven't realised there's a chat room in it.
what is biological synthesis of nanoparticles
Sanket Reply
what's the easiest and fastest way to the synthesize AgNP?
Damian Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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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
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