Detroit Institute Of Arts Diverts Acquisition Funds To Operations

Facing a deficit, Graham Beal “approached the trustees of the estate of one benefactor two years ago, asking if the income generated for acquisitions could be diverted to operations. (The original donor may have helped pay the DIA’s staff wages during the Depression, the museum believes.) The trustees agreed. Beal also sought permission from probate court. The transfer of the funds became effective 15 months ago.”