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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

where we get a research paper on Nano chemistry....?
Maira Reply
nanopartical of organic/inorganic / physical chemistry , pdf / thesis / review
Ali
what are the products of Nano chemistry?
Maira Reply
There are lots of products of nano chemistry... Like nano coatings.....carbon fiber.. And lots of others..
learn
Even nanotechnology is pretty much all about chemistry... Its the chemistry on quantum or atomic level
learn
Google
da
no nanotechnology is also a part of physics and maths it requires angle formulas and some pressure regarding concepts
Bhagvanji
hey
Giriraj
Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
revolt
da
Application of nanotechnology in medicine
what is variations in raman spectra for nanomaterials
Jyoti Reply
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
Damian
yes that's correct
Professor
I think
Professor
Nasa has use it in the 60's, copper as water purification in the moon travel.
Alexandre
nanocopper obvius
Alexandre
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
Rafiq
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
Damian
How we are making nano material?
LITNING Reply
what is a peer
LITNING Reply
What is meant by 'nano scale'?
LITNING Reply
What is STMs full form?
LITNING
scanning tunneling microscope
Sahil
how nano science is used for hydrophobicity
Santosh
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
Rafiq
what is differents between GO and RGO?
Mahi
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
Rafiq
if virus is killing to make ARTIFICIAL DNA OF GRAPHENE FOR KILLED THE VIRUS .THIS IS OUR ASSUMPTION
Anam
analytical skills graphene is prepared to kill any type viruses .
Anam
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
Hafiz
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
Bob
The nanotechnology is as new science, to scale nanometric
brayan
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Damian
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
Renato
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
?
Kyle
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
Adin
why?
Adin
what school?
Kyle
biomolecules are e building blocks of every organics and inorganic materials.
Joe
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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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