May 27, 2009, The Chicago Tribune — Encouraged by the completion of the new Modern Wing and seeking "a comparable dream," the president of the Art Institute of Chicago said Tuesday he wants to build a case for a new effort -- a massive fundraising drive to open the museum to the public for free.
Art Institute of Chicago
NEAL BENEZRA is not a showman. But as museum directors nationwide face plummeting endowments and potentially crippling budget cuts, Mr. Benezra’s even-keeled approach and penchant for collaboration in his stewardship of the San Francisco Museum of Modern Art may be a blueprint for how to endure the financial uncertainty.
The J. Paul Getty Trust, envied as the economic Goliath of the museum world, is slashing its operating budget nearly 25% for the coming fiscal year, an emergency response to investment losses that have totaled $1.5 billion since July and nearly $2 billion since mid-2007.