Delaware Art Museum’s Cash-For-Paintings Plan Violates Public Trust

“The trustees of the Delaware Art Museum have violated this principle by declaring that the proceeds from this sale, as well as the sale of up to three other works—expected to raise a total of $30 million—will be used to pay down $19.8 million in construction debt, with the balance to be added to the operating endowment to offset persistent operating deficits.”

Email this to someoneShare on FacebookTweet about this on Twitter