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The extra endowment money would produce the additional income needed.
City Opera has had to raid its endowment money to make up deficits.
In the world of museum fund-raising, endowment money is always the most difficult to solicit.
What has to be asked is, can you get endowment money to maintain the house?
Endowment money was used to make up the deficits, pushing the fund down to around $9 million or $10 million.
National Endowment money, $100-million-plus a year, is at work in more than 90 countries worldwide.
Similar(22)
Money spent at Harvard, with its multi-billion-dollar endowment, is money well spent if it produces studies valued by the government.The real debate seems to be over what is of value.
Currently, 20percentt of the endowment's money goes to the states.
That doesn't excite me," says the chief investment officer of a large American endowment with money in Baupost.
Mr. Lynch traces the creation of art districts in Miami and the annual Art Basel fair there to an infusion of endowment seed money.
Two Republicans, Representative E. Thomas Coleman of Missouri and Representative Steve Gunderson of Wisconsin, have proposed giving 60percentt of the endowment's money to state arts councils for distribution.
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