Tuesday, January 13, 2026
No Result
View All Result
The Crypto HODL
  • Home
  • Bitcoin
  • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Updates
    • Crypto Mining
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Regulations
  • Scam Alert
  • Analysis
  • Videos
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Updates
    • Crypto Mining
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Regulations
  • Scam Alert
  • Analysis
  • Videos
No Result
View All Result
The Crypto HODL
No Result
View All Result

Washington state’s Bellevue Arts Museum faces ‘dire’ financial straits

February 23, 2024
in NFT
Reading Time: 3 mins read
0 0
A A
0
Home NFT
Share on FacebookShare on Twitter



Washington’s Bellevue Arts Museum (Bam)—a Pacific Northwest mainstay within the Seattle suburbs devoted to the intersection of superb artwork, craft and design—is going through a “dire” monetary disaster, prompting the cash-strapped establishment to launch an emergency marketing campaign in hopes of elevating $300,000. The cash can be used to deal with operational prices like salaries, constructing repairs and catering for its upcoming gala. In accordance with government director Kate Casprowiak Scher, closure is on the horizon if the funds don’t materialise throughout the subsequent six weeks.

In a dialog with Margo Vansynghel of The Seattle Instances, Scher declined to touch upon the museum’s present money circulation however admitted that Bam has been counting on board donations to maintain afloat for the previous six months. “We’re on the place the place the straw breaks the camel’s again,” she mentioned. Because it buckles underneath the load of excellent money owed, the pandemic’s sector-wide toll and philanthropic reprioritising throughout the business, Bam faces an unsure future. The museum additionally lacks a large endowment—the investing revenue that nonprofits use to plan forward.

“Lots of our issues began 24 years in the past when this constructing opened. They constructed this attractive, 40,000-square-foot constructing by Steven Holl, however they didn’t increase cash for an endowment,” Scher informed The Seattle Instances. “It’s like having a fantastic huge fashionable house and never planning for its future.”

Between Bam’s absence of a nest egg and the dearth of a everlasting assortment, Scher maintains that the museum has discovered itself in a “doom loop” of yearly fundraising, a recipe for institutional precarity. “This marketing campaign… it’s for this dedication that we’re going to do one thing completely different, and that we’re going to be extra conscious of our neighborhood and our demographic, and be very intentional about how we attempt to join with them,” Scher mentioned.

Bam’s tax paperwork reveal that the museum has ended nearly yearly since 2010 in a deficit. A majority (about $1.6m) of Bam’s income in 2022 got here from authorities grants and donations. Rampant workers and board turnover has additionally been a problem. In 2021, then-executive director and chief curator Benedict Heywood resigned after community-wide allegations of disrespect in direction of artists of color and the museum’s first Black girl visitor curator. The successive director stayed lower than two years on the job. Scher’s appointment as everlasting director was introduced solely this previous week.

“Whereas it’s unhappy to see what’s taking place at Bam, it’s not shocking,” Joseph Steininger, a former museum board member, informed The Seattle Instances. “Since 2019 the Bellevue Arts Museum has persistently misplaced the belief of its neighborhood and their donors… I resigned from my place as a member of the board of trustees when it grew to become evident that this lack of accountability was systemic. After studying their plea to be ‘saved’ I’ve no purpose to imagine something has modified.”



Source link

Tags: ArtsBellevueDIREfacesFinancialMuseumstatesstraitsWashington
Previous Post

Reddit IPO filing reveals treasury exposure to Bitcoin, Ethereum

Next Post

Congressman Emmer raises concerns over Biden administration’s “information collection regime” targeting BTC miners

Related Posts

AI Could Be Driving Customers Away. Here’s How to Stop It.
NFT

AI Could Be Driving Customers Away. Here’s How to Stop It.

January 12, 2026
Toobit Referral Code 2026: “loWEqK”(15,000 USDT Welcome Bonus)
NFT

Toobit Referral Code 2026: “loWEqK”(15,000 USDT Welcome Bonus)

January 13, 2026
‘Creative, provocative, controversial’: Truth Social ads for Nazi-owned art spark heated debate – The Art Newspaper
NFT

‘Creative, provocative, controversial’: Truth Social ads for Nazi-owned art spark heated debate – The Art Newspaper

January 12, 2026
Best Ways to Farm Points for 2026
NFT

Best Ways to Farm Points for 2026

January 12, 2026
Cryptocurrency Exchange 101: Everything You Should Know
NFT

Cryptocurrency Exchange 101: Everything You Should Know

January 11, 2026
ZKP Eyes 500x ROI While SOL, ADA, & AVAX Stall
NFT

ZKP Eyes 500x ROI While SOL, ADA, & AVAX Stall

January 11, 2026
Next Post
Congressman Emmer raises concerns over Biden administration’s “information collection regime” targeting BTC miners

Congressman Emmer raises concerns over Biden administration's "information collection regime" targeting BTC miners

Machine Learning Algorithm Predicts Where Shiba Inu Price Will Be At The End Of February

Machine Learning Algorithm Predicts Where Shiba Inu Price Will Be At The End Of February

How This Texas Farmers Market’s Gamble Paid Off Big

How This Texas Farmers Market's Gamble Paid Off Big

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn Telegram RSS
The Crypto HODL

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at The Crypto HODL

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 The Crypto HODL.
The Crypto HODL is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Updates
    • Crypto Mining
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Regulations
  • Scam Alert
  • Analysis
  • Videos
Crypto Marketcap

Copyright © 2023 The Crypto HODL.
The Crypto HODL is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In