<< Chapter < Page Chapter >> Page >

If such a conclusion were reached, the mechanism chosen for such a disso­lution would, of course, make all the difference. For example, it would be unac­ceptable to everyone if the Society opted for selling off the collections through private auctions, even if the proceeds were donated to a worthy cause. It would also not be wise to put the Society into receivership, leaving the responsibility for distribution of the collections in the hands of the New York State attorney gen­eral. That office does not have the resources, the staff, or the professional expertise to make important and complicated curatorial decisions that following this course would demand. Finally, it would not be appropriate to have other institu­tions choose what they wanted from the collections. Such a process would lead to a rapid distribution of the most valuable items, leaving the great majority of less renowned yet historically important items orphaned and at great risk.

How, then, could such a transfer of assets be accomplished? One way might be to assemble a temporary full-time team of professionals to oversee the process. The team could be assembled from a combination of people, some, from inside the Society, who know the collections and others, from outside, who understand how the collections fit within the broader context of collections in the region. The first task for the team would be to divide the collections into contiguous parts. After the parts had been established, the team would identify the cultural institutions that would serve as the best homes for the various materials. These decisions would be based on factors such as the complementarity of the collections, the financial stability of the recipient institution, and the recipient institution's desire to house the materials. Once the collection was prepared and its new home had been iden­tified, it would be the responsibility of the dissolution team to work with recipient institutions to raise funds to pay for the transfer and long-term care of the col­lections. Bundling the collection with an accompanying endowment is an essen­tial element of the plan. Transferring the collections without funds for their care would risk spreading the burden of the Society's many years of deferred care and maintenance to other cultural institutions.

Option 3: merge with another cultural institution

The concept of a merger with another cultural institution is not new. For exam­ple, as explained earlier, extended negotiations took place between the Society and the Museum of the City of New York in 1990. At the time, the merger was deemed to be prohibitively expensive, but there were also political considerations that blocked the deal. Discussions about possible affiliations have taken place with other institutions as well, most notably the New York Public Library in late 1992 and New York University in 1993.

The key issues to consider in contemplating possible mergers are the com­plementarity of the collections, the allocation of space, how the merger might im­prove prospects for long-term financial stability, and the division of governance responsibilities between the boards of the combining entities. A discussion of a potential merger partner for the Society best illustrates these issues.

Questions & Answers

what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
How we are making nano material?
what is a peer
What is meant by 'nano scale'?
What is STMs full form?
scanning tunneling microscope
how nano science is used for hydrophobicity
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
what is differents between GO and RGO?
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
The nanotechnology is as new science, to scale nanometric
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
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
How can I make nanorobot?
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
how can I make nanorobot?
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.
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get the best Algebra and trigonometry course in your pocket!

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?