OPINION: THE GETTY’S FUTURE
February 14, 2006 | Read Time: 1 minute
The safety net a $5-billion endowment provides is also the biggest challenge for the J. Paul Getty Trust, writes Michael Rushton, a Georgia State University professor of nonprofit management in The Wall Street Journal. The Getty Trust has attracted much attention after Barry Munitz, its president, resigned last week amid investigations into the organization’s finances. Mr. Rushton speculates that because the institution had such a large endowment, trustees did not feel the same obligation to scrutinize spending that they do at other institutions, where board members are asked to give their own money. Mr. Munitz has denied wrongdoing in his leadership of the foundation. (A paid subscription is required to view this article.)
