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What is Financial Condition and Fundraising Challenges about?

The organization is facing financial challenges including falling $7.75 million short of its capital campaign goal and accumulating post-depreciation deficits totaling $6.6 million from 2004 to 2007. It must reduce expenses by $1.25 million in 2008, replace exhibits, and address donor fatigue to meet bank covenants and establish an operating endowment while relying on investment market performance.

Author

COAST

Language

EN