June 30

Viewpoint: Museum Boards And Donors Need To Examine Where Endowments Are Invested

It’s no secret that museums face increased scrutiny for both the company they keep and the promises they make.

In recent years, eye-catching demonstrations by artists have thrown major gifts from “tainted” sources into sharp relief, suggesting museums themselves should be mindful of how they make their money. In the wake of the Black Lives Matter protests, museums made strong public commitments to the values of diversity, equity, and inclusion—but two years later museum workers have questioned whether actions reflect words.

One way that museums can strengthen their reputations and follow through on their public declarations is by aligning the billions of dollars in their endowments with their values and missions.

Photo courtesy of astrid westvang.

Source: WORTH (link opens in a new window)

financial inclusion, gender equality, impact investing