Magazine article Financial History

The Past, Present and Future of the Museum

Magazine article Financial History

The Past, Present and Future of the Museum

Article excerpt

TODAY I WRITE TO YOU about the past, the present and the future of the Museum. As you can see from the photograph below, John Herzog has made a final major gift to the institution he founded some three decades ago. John, the staff and the Board can take pride in the enormous progress the Museum has made since then. With this final gift, John is passing the torch symbolically and financially to the next generation of supporters.

As we begin to think about the next chapter in the Museum's life, Chairman Richard Sylla has created a "Committee of the Future" comprised of key members of our Board and staff. While we all enjoy the architectural beauty and historical relevance of our home at 48 Wall Street, we realize that we may need to vacate this space in the near future, as our lease will expire in 2021.

While five years may seem like a long lead time, in the museum world it is not. The Committee will be working on finding a more permanent home, while at the same time creating an overall plan and blueprint for what the Museum could be. Our goal is to ensure that after engaging with the exhibits, visitors leave with an understanding of the importance of finance-led growth to the American economy that is created by our free enterprise system. Unlike an art museum, where the works speak for themselves, we must bring this message to life through our interpretation of the story. We believe the way to explain this is through three major components (the three Ps): Public, Private and Personal Finance. …

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