30 July 2012

Broad Interference

Philanthropy is a dangerous thing. Donors often hope to control their "gifts" with what turn out to be dire consequences for recipients. It is the cost of grovelling for dollars. Here  is a report from The Guardian on the ongoing conflict at the MOCA in Los Angeles, where the inimitable Eli Broad apparently has managed to make a matching gift - along with his dough he has given a large dollop of interference with the way the museum operates. Can cultural institutions (including Universities) ever manage to tell the rich guys to back off? In this case, Broad is no doubt enjoying massive tax benefits as he drives the museum into the ditch.

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