30 January 2009

A Rose by any other name...

First, let's get a group of links out of the way, so you can read some of the details for yourselves.
  1. Time- This made time. That's good.
  2. The Daily Beast- The beginning of the money trail starts to leak
  3. MAN interview- He has also released a PDF statement calling for blood and excusing any staff that want to leave.
  4. CAA- Favorite academic quote yet:
    The teaching of art and art history in higher education is untenable without the direct study of physical works of art, and it appears the Brandeis Board of Trustees has disregarded the kind of scholarship and creativity that have been the hallmark of CAA members for nearly one hundred years.
  5. Conde Nast Portfolio A and B- Surprised by the fact that they care, but not surprised by the desire to deregulate of the markets vis-a-vis the rose should be able to sell anything they want.
  6. Innermost parts- A synopsis on what went down when the students got to talk to Pres. Reinharz
  7. The Hoot-Talk about anything you'd like but the Rose, which is what everyone wants to talk about...
  8. Tom Lentz of Harvard talks- And I for one would love to see Harvard, MFA, ICA, or whoever will step up with the funds talk to Brandeis prior to open market sale. If the Rose is going to close, then at least find homes for these works in public collections.

As far as I can tell, this whole idea is in order to circumvent MA state law for non-profit entities regarding gains vs. initial capital of the Endowment fund- long story short, if they sell the works for more than one dollar, they get instant gains on the books, and can spend money again. Their laudable emergency fund is going to run out this year as they cannot touch the endowment's initial capital

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