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Ouch! New York Public Library Predicts 21% Decline in Fundraising
October 26, 2009
The New York Public Library (NYPL) expects a 21% decline in its fundraising this year, to $130 million, according to the Chronicle of Philanthropy, via the Los Angeles Times.
That's a loss of more than $34 million, which surely cuts down on a wide range of new projects and initiatives, and likely is one spur for NYPL's continued restructuring.
Then again, $130 million remains a healthy sum, a testament to NYPL's unusual hybrid as research library/branch system, leading to a longstanding position as a top charity for both well-heeled New Yorkers and nostalgic city natives.
Posted by Norman Oder on October 26, 2009 | Comments (0)
