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Friday, September 3, 2010

Rainy day funds

The Seattle Art Museum is seeking court approval to borrow $10 million from its endowment fund. Story here. Judith Dobrzynski is against endowment spending. The museum says it already "has had to reduce staff and curtail hours" and has "very substantial assets that it operates for public benefit, including the Olympic Sculpture Park, which generates no revenue."

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