PAMM Small Endowment Stifling It’s Growth
Updated: Jun 25, 2018
For all of the positive press that the Perez Art Museum gets and for how much money floats endlessly around Miami and Miami Beach it would seem that the museum should have no financial problems, and honestly it really doesn’t, we hope, but a recent article from the Miami New Times sheds some light on the slow growth of the institutions endowment
"Shortly after Pérez Art Museum Miami opened in the winter of 2013, the New York Times critiqued the fledgling institution, blaming its "reduced staff" and "lackluster" permanent collection on its $14 million endowment, well below its stated goal of $70 million. Four years later, the endowment has grown to only $16 million."
Read the full article from the New Times.
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