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Museum Finance

Issues, Challenges, and Successes

Brian Alexander

Museum Finance: Issues, Challenges, and Successes looks at why museum finance is inherently challenging and how difficult it is to balance the need to generate adequate funding while providing accessible, meaningful mission-based services. The book’s purpose is to help museum leaders at all levels recognize and avoid certain financial minefields and realize that while there are financial hurdles in the museum world, they are solvable.

The book is filled with numerous examples illustrating the range of challenges faced by museums and how institutions met these challenges along with advice on how institutions can be successful in the face of financial difficulty.

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  • Features
Rowman & Littlefield Publishers / American Alliance Of Museums
Pages: 162 • Trim: 6¼ x 9¼
978-1-5381-3832-8 • Hardback • April 2023 • $85.00 • (£65.00)
978-1-5381-3833-5 • Paperback • March 2023 • $36.00 • (£30.00)
Series: American Alliance of Museums
Subjects: Business & Economics / Museum Administration & Museology, Business & Economics / Nonprofit Organizations & Charities / Finance & Accounting

Brian Alexander has worked in museums for over forty years. Among other positions he has been the president & CEO of the National World War I Museum, president & CEO of the Historic Annapolis Foundation, executive vice-president & director of the Shelburne Museum and director of the museum program for the State Historical Society of North Dakota. Currently he is visiting professor of museum administration at the Cooperstown Graduate Program of the State University of New York.

Chapter 1: Understanding Museum Finance

Chapter 2: Surveying Triumphs and Challenges

Chapter 3: Blending Money and Mission

Chapter 4: Diversifying with Care

Chapter 5: Expanding When Ready

Chapter 6: Taking Care of Business

Chapter 7: Making Finance Everyone’s Job

Chapter 8: Moving Forward

About the Author

This book is a must-read not just for every museum director but for every employee. Through excellent case examples, Brian Alexander brilliantly captures the range of financial challenges facing both paid and volunteer leadership of our most treasured institutions and outlines the risks and returns of steps to tackle them. It is one of the most relatable books I have ever read when it comes to museum leadership. It should be required reading for boards and executive leaders.


— James E. Donahue, president and CEO, Old Sturbridge Village/Old Sturbridge Academy/Coggeshall Farm Museum


Brian Alexander’s invaluable book is a must read for anyone responsible for constructing budgets, managing finances, or planning for a museum’s future--in other words every member of a museum's professional staff. Offering both cautionary tales and entrepreneurial successes, it illuminates financial pitfalls to avoid, as well as offering positive ways that museums have overcome financial challenges to successfully blend money and mission and sustain healthy institutions.


— Gretchen Sullivan Sorin, director and distinguished professor, Cooperstown Graduate Program/SUNY Oneonta


8/11/12, Choice: This title was featured in a roundup of forthcoming titles in business.

Link: https://www.choice360.org/choice-pick/forthcoming-titles-in-business-2022/



Museum Finance

Issues, Challenges, and Successes

Cover Image
Hardback
Paperback
Summary
Summary
  • Museum Finance: Issues, Challenges, and Successes looks at why museum finance is inherently challenging and how difficult it is to balance the need to generate adequate funding while providing accessible, meaningful mission-based services. The book’s purpose is to help museum leaders at all levels recognize and avoid certain financial minefields and realize that while there are financial hurdles in the museum world, they are solvable.

    The book is filled with numerous examples illustrating the range of challenges faced by museums and how institutions met these challenges along with advice on how institutions can be successful in the face of financial difficulty.

Details
Details
  • Rowman & Littlefield Publishers / American Alliance Of Museums
    Pages: 162 • Trim: 6¼ x 9¼
    978-1-5381-3832-8 • Hardback • April 2023 • $85.00 • (£65.00)
    978-1-5381-3833-5 • Paperback • March 2023 • $36.00 • (£30.00)
    Series: American Alliance of Museums
    Subjects: Business & Economics / Museum Administration & Museology, Business & Economics / Nonprofit Organizations & Charities / Finance & Accounting
Author
Author
  • Brian Alexander has worked in museums for over forty years. Among other positions he has been the president & CEO of the National World War I Museum, president & CEO of the Historic Annapolis Foundation, executive vice-president & director of the Shelburne Museum and director of the museum program for the State Historical Society of North Dakota. Currently he is visiting professor of museum administration at the Cooperstown Graduate Program of the State University of New York.

Table of Contents
Table of Contents
  • Chapter 1: Understanding Museum Finance

    Chapter 2: Surveying Triumphs and Challenges

    Chapter 3: Blending Money and Mission

    Chapter 4: Diversifying with Care

    Chapter 5: Expanding When Ready

    Chapter 6: Taking Care of Business

    Chapter 7: Making Finance Everyone’s Job

    Chapter 8: Moving Forward

    About the Author

Reviews
Reviews
  • This book is a must-read not just for every museum director but for every employee. Through excellent case examples, Brian Alexander brilliantly captures the range of financial challenges facing both paid and volunteer leadership of our most treasured institutions and outlines the risks and returns of steps to tackle them. It is one of the most relatable books I have ever read when it comes to museum leadership. It should be required reading for boards and executive leaders.


    — James E. Donahue, president and CEO, Old Sturbridge Village/Old Sturbridge Academy/Coggeshall Farm Museum


    Brian Alexander’s invaluable book is a must read for anyone responsible for constructing budgets, managing finances, or planning for a museum’s future--in other words every member of a museum's professional staff. Offering both cautionary tales and entrepreneurial successes, it illuminates financial pitfalls to avoid, as well as offering positive ways that museums have overcome financial challenges to successfully blend money and mission and sustain healthy institutions.


    — Gretchen Sullivan Sorin, director and distinguished professor, Cooperstown Graduate Program/SUNY Oneonta


Features
Features
  • 8/11/12, Choice: This title was featured in a roundup of forthcoming titles in business.

    Link: https://www.choice360.org/choice-pick/forthcoming-titles-in-business-2022/



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