VISA 1900 Lecture 3: Art Museums and Gallery Basics
19 May 2016
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Document Summary
Non pro t: legally established body whose income including pro t is used solely for the bene t of that body and its operation. Mission statement: a brief statement that summarizes the museum reason"s reason for existence, typically including who we are what we do for whom we do it and why. Board of directors: governing body, the persons or of. de ned in the enabling legislation of the museum as responsible for its continuance, strategic development and funding. The governing body should ensure that there are su cient funds to carry out and develop the activities of the museum. All funds must be accounted for in a professional manner. Endowment: money not expended but held for investment with earnings available for program activities, either generally or a restricted by the donor. The principle sum is kept intact with only its income being expended. Appraisal: the authentication and valuation of an object or specimen.
