WALMART STILL WANTS FISK U’S O’KEEFES…

More than two years ago, Jonathan covered the story of Tennessee's Fisk University attempting to sell its donated collection of paintings by Georgia O'Keeffe to Alice Walmart for Crystal Bridges, her private museum collection and thought the case was over. With Walmart over doesn't really mean over. From Luxist:
Fisk University is interested in selling off a share of its collection of art donated by artist Georgia O'Keeffe. The university wants to sell a 50 percent share of the collection for $30 million to the Crystal Bridges Museum in Bentonville, Arkansas. Crystal Bridges is the museum being built by Wal-Mart heiress Alice Walton.
What changed in two years? The great recession.
Fisk University President Hazel O'Leary has testified that the school may be forced to close without the sale. The school believes the cash could lead to more donations helping Fisk raise the $150 million needed for its endowment. The state argued that the art was donated for students and local citizens and not to raise money and that the sale could actually discourage donations because it proves the school doesn't value the gifts it is given. The school has been monitored by an accreditation agency for its poor financial condition and has struggled to house and maintain the artwork.
Does anyone doubt that Alice never wavered in her quest? Jeff Hess: Have Coffee Will Write.Walmart,Alice Walton,Georgia O'Keeffe,Fisk University,Tennessee,Crystal Bridges

One Response to “WALMART STILL WANTS FISK U’S O’KEEFES…”

  1. […] WALMART STILL WANTS FISK U’S O’KEEFES… More than two years ago, Jonathan covered the story of Tennessee’s Fisk University attempting to sell its donated collection of paintings by Georgia O’Keeffe to Alice Walmart for Crystal Bridges, her private museum collection and thought the case was over. Keep reading… […]

Leave a Reply

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Anti-spam image