Wednesday, February 27, 2008

Live Blogging from CAM part 5: New and Alternative Funding Streams

The 2006 California Museum Study produced by CAM reported that, for that fiscal year, California museums expected to face a 3.8% decline in revenues despite the fact that just in the previous year museums in general throughout the US had enjoyed 38.3% increase in revenues. What's more, according to a 2007 study by the Urban Institute, by 2004 government grants had shrunk to a mere 23.5% of nonprofit revenues. In other words, museums have a desperate need for creative strategies for generating revenue. Today I moderated a session on this topic, "New and Alternative Revenue Streams for Museums." More details on the session will follow in a subsequent post, but for now, here is a link to my presentation, as well as to other related Orinda Group publications.

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