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NEWS
Philanthropy makes up for funding shortfall in America's museums: survey
POSTED 12 Jan 2015 . BY Tom Anstey
Most visitors spend under US$8 (€6.75, £5.28) per museum visit
More than 61 million people visited museums across the US, Canada and Mexico
in 2014, but the attractions are having to seek ever more diverse funding streams to stay in the green, according to a new survey released by the Association of Art Museum Directors (AAMD).

AAMD has identified the need to improve data collection, create better benchmarking tools and better inform outside audiences of the impact of art museums. As a result, the first annual survey of Art Museums by the Numbers 2014 identified several key points from the previous year.

Made up of 204 AAMD museums from across the region, one of the key statistics to come out of the survey was that while an average visitor spends less than US$8 (€6.75, £5.28) per museum visit, a museum's costs per visitor stands at an average of US$53.17 (€44.91, £35.09) – leaving a significant shortfall in funding.

According to the survey, these shortfalls were made up mainly through endowment income and then a diverse range of revenue streams including federal government (6 per cent), corporate contributions (4 per cent) and individual private contributions (10 per cent), among others.

Arts-focused activities accounted for the largest operating expense, at 33 per cent, while individual philanthropy remains the strongest source of support for museums in the US. The survey authors said this “reflects the tradition of private support for art museum as important civic institutions for communities large and small.”
Most visitors spend under US$8 (€6.75, £5.28) per museum visit
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
+ More news   
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Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
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IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
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TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
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NEWS
Philanthropy makes up for funding shortfall in America's museums: survey
POSTED 12 Jan 2015 . BY Tom Anstey
Most visitors spend under US$8 (€6.75, £5.28) per museum visit
More than 61 million people visited museums across the US, Canada and Mexico
in 2014, but the attractions are having to seek ever more diverse funding streams to stay in the green, according to a new survey released by the Association of Art Museum Directors (AAMD).

AAMD has identified the need to improve data collection, create better benchmarking tools and better inform outside audiences of the impact of art museums. As a result, the first annual survey of Art Museums by the Numbers 2014 identified several key points from the previous year.

Made up of 204 AAMD museums from across the region, one of the key statistics to come out of the survey was that while an average visitor spends less than US$8 (€6.75, £5.28) per museum visit, a museum's costs per visitor stands at an average of US$53.17 (€44.91, £35.09) – leaving a significant shortfall in funding.

According to the survey, these shortfalls were made up mainly through endowment income and then a diverse range of revenue streams including federal government (6 per cent), corporate contributions (4 per cent) and individual private contributions (10 per cent), among others.

Arts-focused activities accounted for the largest operating expense, at 33 per cent, while individual philanthropy remains the strongest source of support for museums in the US. The survey authors said this “reflects the tradition of private support for art museum as important civic institutions for communities large and small.”
Most visitors spend under US$8 (€6.75, £5.28) per museum visit
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
 
COMPANY PROFILES
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
iPlayCO

iPlayCo was established in 1999. [more...]
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
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LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
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