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

VISUAL Posted: June 12, 2014 6:35 am

“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.”

VISUAL Published: 06.11.14

Read the story in The Wall Street Journal Published: 06.11.14

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