Corporate Donations To Museums
In the corporate world, it is customary to give back to the community in different ways. Wealthy executives and business people often invest a significant amount of money in great causes that include charity, education and culture. In other words, such investments are not motivated by profits but rather something more philosophical and non tangible. Major companies worldwide enjoy giving money to local cultural institutions such as art galleries and museums. In fact, some of the world’s most prominent museums receive a significant amount of annual funding from wealthy benefactors in the corporate world. John Studzinski is an example of an executive that gives out millions of dollars to major museums worldwide.
Museums can use the funds that they receive from corporations in an array of ways. For example, cultural institutions are always on the hunt for acquiring more artwork in order to expand their collection. There is still plenty of great artwork that is in the hands of private ownership. Paintings and sculptures may be acquired by museums through auction bids. However, the auctions are held in major cities all over the world such as New York, Paris and London. Therefore, museums must spend money on sending staff that can successfully win auction bids for certain types of pieces. For example, a museum with a small collection of impressionist paintings may want to get plenty of more artwork for this particular style.
Wealthy executives also donate their money for museum expansion projects and renovations. For example, a museum may plan to open a new wing with a certain type of gallery that showcases particular works of artwork. The new galleries are usually named after the benefactors, which are the executives and their affiliated corporations.
Annual donations can also be used by museums to add some modern technology into a classical interior. For example, 3D and 4D theaters can be built to allow museum visitors an interactive and cool experience for exploring some artwork through multimedia. Galleries can also install state of the art touchscreens that show a wealth of information about all of the artwork that is on display. Instead of relying on traditional audio tours, museum visitors can explore advanced multimedia technology in order to learn more about the paintings, sculptures and other artwork on exhibition.
Annual funds received by museums are also used for renovation and remodeling projects. For instance, a museum with a classical facade requires some very careful touch ups from highly skilled masons and contractors. It takes true artisans to properly renovate Greek style columns or other architectural features inspired by neoclassical and art Noveau styles.
Traditional museums also need to spend their annual budget on modernizing the interior and exterior of the buildings. For example, contemporary and efficient lighting solutions should be installed in all museum galleries in order to save money on energy bills. Rooftop solar panels can also be installed in order to modernize the electrical and heating systems of a museum. Going “green” in a museum also involves installing other fixtures such as high power hand dryers and high efficiency toilets in restrooms. Museums can also modernize their buildings by installing skylights in certain galleries that provide natural illumination during the day time visiting hours. Certain artwork such as marble sculptures are not damaged by direct exposure to sunlight rays.