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EO Impact: Is There an Existential Threat to Nonprofit Status?
Charitable giving may fluctuate year to year, tourism ebbs and flows, your museum’s endowment will perform better some years than others. That’s normal and expected, and nonprofits have traditionally cobbled together a diverse set of … -
Innovations in Relevance: A Q&A with Stephen Reily of Remuseum
I first learned about Stephen Reily when he was the director of Speed Art Museum in Louisville, Kentucky, which at the time was making headlines for its Breonna Taylor-themed exhibition Promise, Witness, Remembrance. His name popped up … -
Say Cheese! A Candid Snapshot of the Museum Sector
Last month AAM released the results of our fifth “snapshot” survey of the field. These snapshots, which started as a means of checking in on museums and museum workers during COVID shutdown, now help us track recovery and continued … -
STEAMing into Solvency: Integrating a Museum into the Public School System
The pandemic was an economic tsunami for museums, particularly those already experiencing financial stress. Relatively new museums, still getting their feet under themselves, were at particular risk. Today on the blog, Karen Ackerman … -
Downsizing Our Museum in the Face of a Pandemic
According to the Alliance’s first COVID snapshot of museum operations, conducted this past summer, one-third of US museums expected to lose over 40 percent of their annual operating income this year. Forty one percent anticipate having to … -
“Pay As You Stay” – an alternative pricing model for museums?
This year’s TrendsWatch cites buy-ahead pricing as one tool for enhancing revenue and managing attendance. In today’s guest post, Managing Director Tom Schoessler tells us how the Weserburg Museum tried flipping that model, charging … -
“The museum we closed will not be the museum we reopen.”
Support Free COVID-19 Resources for the Field The current crisis is taking a distressing financial toll on cultural organizations, and AAM is no different. The Alliance Blog is supported by membership dues and donations. In these … -
Three New Scenarios for Financial Survival in 2020
Support Free COVID-19 Resources for the Field: The current crisis is taking a distressing financial toll on cultural organizations, and AAM is no different. The Center for the Future of Museums is supported by AAM membership and … -
Strategies for Short-term Financial Survival
Support Free COVID-19 Resources for the Field: The current crisis is taking a distressing financial toll on cultural organizations, and AAM is no different. The Center for the Future of Museums is supported by AAM membership and … -
TrendsWatch: Building Financial Resilience in a Time of Crisis
Here at the Alliance, we know that COVID-19 is inflicting severe damage on museums. Our sector is just beginning to assess the impact of closures, travel bans, cancellation of major events (including fundraisers), and the implementation of …
Tag: financial sustainability
Upcoming Events
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Museum AI Summit
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History & Democracy Virtual Summit
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So…You Want a Museum Career?
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Demystifying AI for History Organizations
Event Date:Presented by: American Association for State and Local History
Latest Stories from AAM
Introducing the National Survey of Museum Collecting Practices
Category:
Center for the Future of Museums Blog
Collections lie at the heart of most museums, so naturally, values regarding the …
Leadership Succession Plans and Planning
Category:
On-Demand Programs
A succession plan is a key element of organizational risk management and sustainability …
Sharing a Museum Podcast: The Art Engager
Category:
Center for the Future of Museums Blog
Last fall I had the pleasure of meeting Claire Bown in Horsens, Denmark, where she was …