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The sale of the Bryan paintings and the establishment of the Bryan restricted fund illustrates another way in which the Society was becoming a more complex institution to manage. Determining what costs can be allocated to restricted funds and what cannot is a complicated process that can burden an institution's unre­stricted resources if not properly controlled. The Society experienced tremendous growth in the amount of restricted financial assets under its care during this period. In 1959, the Society's total balances in restricted funds (other than en­dowment) was $78,000. By 1974, the balance had grown to over $1.5 million.

Programmatically, the museum and library were not the only departments in the Society that were growing and expanding; public programs, specifically the education department, were expanding as well. In 1974, a new section was added to the annual report, titled "Education Department Activities." Initiatives under­taken in the mid 1970s included a program of repeated visits by neighborhood schools; participation in Growth Through Art and Museum Experience (GAME), a workshop program to join the city's schools and cultural institutions; and an alternative education program called City-as-School that offered credit to student interns who helped the department with its activities. Through the 1970s, a whole series of similar programs, some of them funded by restricted grants from the city, the New York Community Trust, and the National Endowment for the Human­ities were started and managed by the education department.

Holding other things equal, the expansion of the Society during the 1970s would hardly be considered as a negative; quite the contrary, the Society was serv­ing a broader clientele than it had at any time in its long history. However, at the same time the Society was expanding, its financial situation was deteriorating. Because the Society did not charge an admission fee, the explosive growth in vis­itors strained the budget, placing an additional burden not only on the Society's staff but also on its physical plant. In addition, by relaxing the acquisitions policy, effort was being expended on accessioning, cataloging, and preserving contem­porary materials, leaving fewer resources to care for and catalog the older and most valuable collections. Finally, the expansion of the education department placed additional burdens on the Society's core administrative staff. While some of the programs were presumably financed with restricted grants, some of the overhead costs of salaries, building, and infrastructure were paid for with general operating resources.

The combination of financial strain and programmatic expansion yielded pre­dictable results, but the speed with which the Society's fortunes changed is amaz­ing. The first major drop in the market value of the Society's endowment occurred at this time. In the days before the adoption of the total return policy, the Society, like most nonprofit institutions, tended to purchase a higher proportion of low-growth, high-yield investments of moderate to low risk. Once freed of this con­straint, the Society began carrying a much higher percentage of stocks. It is important to remember, however, that the allocation of investments in equities should be limited by an investor's tolerance for risk. Apparently, the desire to maximize the growth of the endowment took precedence over risk concerns. In 1967, the Society had 73 percent of its endowment invested in stocks; by November 1972, equity investments had grown to comprise 90 percent of the Society's portfolio. At that time, the market value of the Society's endowment was $17.5 million.

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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