financial sustainability – Page 3 – American Alliance of Museums

The Museum of Sex: What’s it like to be a for-profit museum?

By Elizabeth Merritt

I’ve long wanted to learn more about the very few museums in the US that operate as for-profit organizations. Why did their founders choose not to go the more common route of incorporating as a nonprofit? Are they actually making money? …
Investing in the Creative Economy for Good and Profit

By Laura Callanan

When it comes to managing their endowments, museums typically focus solely on financial return. This is a missed opportunity to advance their mission-related work. Some avoid investing in sectors (tobacco, extractive energy) at odds with …
Financial Sustainability Is Everyone’s Responsibility

By Laura Lott

Prepared Remarks of Laura L. Lott President & CEO of the American Alliance of Museums Opening General Session of the 2019 Annual Meeting & MuseumExpo May 20, 2019 Good morning and welcome to the 2019 AAM Annual Meeting, the largest …
Read Up on Financial Sustainability for #AAM2019

By Joseph O'Neill

This year’s AAM Annual Meeting & MuseumExpo carries the theme of “Sustaining Vibrant Museums,” a nod to financial sustainability. While financial sustainability might sound like a specialized concern, only relevant to …
Is It Time to Break Your Museum’s Organizational Mold?

By Mark Sundlov

Over the course of the twentieth century, and into today, museums have witnessed dramatic changes in their organizational and funding environments—some driven from within the museum field, others from outside of the field. It’s clear that …
Monday Musing: A Prescription for Museum Sustainability

By Elizabeth Merritt

Monday musings are my way of sharing “brain blorts”: brief, off-the-cuff thoughts about something I have read recently, both to help clarify my thinking an in the hopes of generating discussion and response. I give myself 15 minutes or so …
Membership Isn’t the Top of the Mountain

By Eric Bruce

Eric Bruce is the Head of Visitor Experience at the Minneapolis Institute of Art (Mia). This is the third article in a series we are presenting on how Mia has expanded its audience. In this series of posts about the Minneapolis Institute …
Statement on The Berkshire Museum Proposal to Deaccession Works of Art for Its Endowment, Operations, and to Fund Capital Investments

By American Alliance of Museums

FOR IMMEDIATE RELEASE July 25, 2017 ARLINGTON, VA ─ The American Alliance of Museums (AAM), an organization representing the entire scope of the museum community, and the Association of Art Museum Directors (AAMD), an organization …
Mia’s new strategy navigates changing consumer expectations, focuses on long-term sustainability

By Kristin Prestegaard

Kristin Prestegaard is the Chief Engagement Officer at the Minneapolis Institute of Art (Mia). This is the first article in a series we are presenting on how Mia has expanded its audience. At the Minneapolis Institute of Art (Mia), we’ve …
The Witte Museum – A Catalyst for San Antonio on the Rise

By Laura Lott

Laura Lott is the President and CEO of the American Alliance of Museums. Have you heard about The New Witte? When you take the bold step of investing nearly $100 million in entirely reinventing a 90-year old beloved institution called The …