{"id":919,"date":"2008-09-18T09:18:15","date_gmt":"2008-09-18T16:18:15","guid":{"rendered":"http:\/\/bigjimindustries.com\/wordpress\/index.php\/2008\/09\/lehman-bros-responsible-for-collapse-of-art-in-america\/"},"modified":"2008-10-12T22:16:21","modified_gmt":"2008-10-13T05:16:21","slug":"lehman-bros-responsible-for-collapse-of-art-in-america","status":"publish","type":"post","link":"https:\/\/bigjimindustries.com\/wordpress\/2008\/09\/18\/lehman-bros-responsible-for-collapse-of-art-in-america\/","title":{"rendered":"Lehman Bros. Responsible For Collapse of Art in America"},"content":{"rendered":"

from the Washington Post<\/a><\/span><\/p>\n

Arts Groups Fret the Woes Of Big Donors<\/span>\u00a0<\/p>\n

<\/span><\/p>\n

By\u00a0David Segal and Jacqueline Trescott<\/a><\/p>\n

Washington Post Staff Writers and Washington Post Staff Writers
\nThursday, September 18, 2008; Page C01\u00a0<\/span><\/p>\n

Katy Clark knows that this is a deeply awkward moment to ask Lehman Brothers for $50,000 — a bit like showing up in the smoldering aftermath of a Road Runner explosion and asking for a match.<\/p>\n

But two years ago, the then-flush investment bank gave Manhattan’s Orchestra of St. Luke’s 50 grand for a music education program, and as the organization’s vice president of operations, Clark is hoping that in its death throes, the company just might cut one last check. She has traded a few e-mails with her Lehman contacts in recent days, but she hasn’t raised the subject.<\/p>\n

“Timing is everything,” she said. “They need time to figure what’s coming next.”<\/p>\n

With\u00a0Wall Street<\/a>\u00a0in a shame spiral, “What’s coming next?” is a question that has everyone in the arts community taking big, anxious gulps. Lehman may never hand out another charitable dime; the immediate future of the firm’s philanthropic foundation, like everything else about it, is now a matter of bankruptcy law. But the fear isn’t limited to those groups that were getting money from corporate America’s recently deceased and badly wounded. There’s agita all around.<\/p>\n

[ click to continue reading at WaPo<\/a> ]<\/p>\n","protected":false},"excerpt":{"rendered":"

from the Washington Post Arts Groups Fret the Woes Of Big Donors\u00a0 By\u00a0David Segal and Jacqueline Trescott Washington Post Staff Writers and Washington Post Staff Writers Thursday, September 18, 2008; Page C01\u00a0 Katy Clark knows that this is a deeply awkward moment to ask Lehman Brothers for $50,000 — a bit like showing up in […]<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-919","post","type-post","status-publish","format-standard","hentry","category-culture-art"],"_links":{"self":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/comments?post=919"}],"version-history":[{"count":0,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/919\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/media?parent=919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/categories?post=919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/tags?post=919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}