Smithsonian Turns To Private Funding
The Smithsonian Institution said this week that it planned to raise $1.5 billion by 2017 in its first institution-wide fundraising campaign and had already raised more than $1 billion of that sum from private individuals, foundations, corporations and other donors. In an era of tighter federal funding the Smithsonian is increasing its private fundraising efforts to pay for its stepped-up ambitions at its sprawling network of museums and galleries — one of the largest collections of museum and research centers in the world.
