Taking A Closer Look At Benefactors

“In an era when megamillionaires are made faster than ever, fund-raising experts have grown more cautious about whom they anoint as board members and about ensuring that pledges are in hand before money is spent. Yet at the same time, arts groups say, there is no sure-fire way to predict or guard against a reversal of fortune. And as corporate and government aid declines, cultural institutions need to take what they can get.”