Report to Donors 2012 Table of Contents Mission 2 Board of Trustees 3 Letter from the Director 4 Letter from the President 5 Exhibitions 6 Public, Educational, and Scholarly Programs 9 Gifts to the Collection 12 Statement of Financial Position 14 Donors 15 Planned Giving 23 Staff 24 Mission Board of Trustees he mission of The Morgan Library & Museum is to Lawrence R. Ricciardi Karen H. Bechtel ex officio preserve, build, study, present, and interpret a collection President Rodney B. Berens William T. Buice III Susanna Borghese William M. Griswold T of extraordinary quality in order to stimulate enjoyment, James R. Houghton T. Kimball Brooker William James Wyer excite the imagination, advance learning, and nurture creativity. Vice President Karen B. Cohen Flobelle Burden Davis life trustees A global institution focused on the European and American Richard L. Menschel Geoffrey K. Elliott William R. Acquavella traditions, the Morgan houses one of the world’s foremost Vice President Brian J. Higgins Walter Burke Clement C. Moore II Haliburton Fales, 2d collections of manuscripts, rare books, music, drawings, and George L. K. Frelinghuysen John A. Morgan S. Parker Gilbert, ancient and other works of art. These holdings, which represent Treasurer Diane A. Nixon President Emeritus the legacy of Pierpont Morgan and numerous later benefactors, Cosima Pavoncelli Drue Heinz Thomas J. Reid Peter Pennoyer Lawrence Hughes comprise a unique and dynamic record of civilization as well as Secretary Cynthia Hazen Polsky Herbert Kasper an incomparable repository of ideas and of the creative process. Katharine J. Rayner Herbert L. Lucas Annette de la Renta Charles F. Morgan Hamilton Robinson, Jr. Robert M. Pennoyer James A. Runde Elaine L. Rosenberg James Baker Sitrick Eugene V. Thaw Beatrice Stern Ladislaus von Hoffmann Jeffrey C. Walker Baroness Mariuccia Zerilli-Marimò Caroline Macomber served as Life Trustee until her death in January 2012. As of March 31, 2012 2 the morgan library & museum report to donors 3 Letter from the Director Letter from the President ome twenty exhibitions took place at the Morgan in fiscal 2012, more than in any previous year. his is my first letter as Board President, and one of the highlights of my inaugural year was Highlights included Illuminating Fashion; David, Delacroix, and Revolutionary France; Charles Dick- to host a dinner in November honoring my predecessor, Parker Gilbert, and long-serving Sens at 200; and Rembrandt’s World. In addition, numerous works from the permanent collection TBoard members Eugene Thaw and Walter Burke, all of whom are now Life Trustees of the were shown on a rotating basis in the restored McKim building. In the catalogue of Rembrandt’s Morgan. Each of these men and their families have been extraordinarily generous to the Morgan in World, Trustee Clement C. Moore declared his intention eventually to present all the drawings in the many ways. Also this past year, we welcomed Katharine Rayner and Karen Bechtel as new members show to the Morgan; other major acquisitions are noted in the pages that follow. of the Board, and Elaine Rosenberg and Herbert Kasper were elected to a new class of Life Trustee Lectures, concerts, readings, conversations, and other events drew more than 13,000 people—an that recognizes the exceptional contributions of individuals who have not previously served as Board increase of 20 percent over the previous year and 70 percent more than in fiscal 2008. Many concerts members. We also mourned the loss of Caroline Morgan Macomber. Caroline joined the Board in were sold out. Twice as many New York City schoolchildren visited the Morgan as five years ago. We 1988 and over the years took a special interest in the Department of Printed Books and Bindings. had more volunteers than ever before; in three short years the program has grown from fewer than The letter from our Director summarizes the achievements of the past year. Going forward, it is twenty to about eighty individuals who generously contribute their time and expertise to the work of essential that the Morgan continue to support scholarship and research at the highest level. We must eighteen departments. Over 2.7 million Internet users worldwide—some two and a half times as many engage the broadest possible audience by means of compelling exhibitions and programs. We have as five years ago and a number that has increased about 30 percent a year since fiscal 2009—arrived at introduced innovative new approaches to the interpretation of our collection, both in our galleries the Morgan through our Web portal, browsing our calendar of exhibitions and programs and gaining and online, and we are exploring ways to reach a wider public, in order both to stimulate attendance William M. Griswold access to information about the institution’s history and collections. and to foster awareness of the Morgan’s unique role in the cultural life of New York. Lawrence R. Ricciardi Photography by Graham S. Haber, 2010. Financial support remained strong. Membership in the Director’s Roundtable reached a new Financial challenges persist. Even with disciplined fiscal management and relatively strong levels record, generating more revenue than at any time in its twenty-year history. Gifts to the Annual Fund of earned and contributed revenue, it is critical that we augment the endowment to support the totaled more than twice as much as last year, with a 30 percent increase in participation. Other gifts Morgan’s core operations. We have quietly begun a campaign that will, over time, secure the gains and pledge payments over $100,000 were received from the Acquavella Family Foundation, Karen of the past quarter century of physical and programmatic expansion, positioning the Morgan for a Bechtel, Richard and Ronay Menschel through the Charina Endowment Fund, the Sherman Fairchild brilliant future. In anticipation of a more public phase, this initiative is now under way among Board Foundation, the William Randolph Hearst Foundation, the Lehrman Institute, the Leon Levy Foun- members and other close friends of the institution. It is heartening that more than $20 million has dation, the Andrew W. Mellon Foundation, Cosima Pavoncelli, Annette de la Renta, Lawrence and already been pledged or received, largely from Morgan Trustees. Lucy Ricciardi, Jonathan and Jeannette Rosen, Beatrice Stern, Eugene and Clare Thaw, and two The last few decades have seen a period of growth culminating in the opening of the Morgan’s anonymous donors. expanded facility in 2006 and the restoration of the McKim building several years later. The Campaign In October the Morgan inaugurated an important new scholarly program, the Drawing Institute, for the Morgan will mark a crucial next step, firmly undergirding our capacity to serve both scholars with major support from Eugene and Clare Thaw. Developed in partnership with a committee of and the general public. Our Trustees and supporters are essential to the realization of this enormous distinguished advisors, the Institute’s mission is to encourage research in the field of old master and potential, and I would like to take this opportunity to thank them for their unwavering generosity modern drawings and to nurture new generations of scholars. The Institute awards fellowships to and hard work on behalf of this extraordinary institution. researchers and sponsors a dynamic program of seminars, lectures, scholars’ days, and symposia. The Morgan also laid the groundwork to establish photography as a distinct collecting area. Lawrence R. Ricciardi Trustee Richard Menschel generously committed to the creation of an endowment to support the President of the Board of Trustees new position of Richard L. Menschel Curator of Photography. This initiative will make Photography the Morgan’s seventh curatorial department. Technology continues to revolutionize the way that we work. The Morgan expanded its online presence. Staff created seven online exhibitions that took the shows in our galleries as their starting point. We made available on our Web site a digital facsimile of the Morgan’s celebrated manuscript of Charles Dickens’s Christmas Carol. Catalogers added more than 7,000 complete bibliographic records to WorldCat, an online resource that lists the holdings of 72,000 libraries worldwide. Conversion of the photography studio to an all-digital facility in fiscal 2010 resulted in a sustained increase in pro- ductivity, allowing staff to make further strides toward the digitization of the Morgan’s collection. Several long-standing members of staff retired between April 2011 and March 2012. Patricia Reyes, Mellon Conservator and the Morgan’s longest-serving staff member, retired after forty-seven years; Anna Lou Ashby, Curator of Printed Books and Bindings, retired after thirty years; and Inge Dupont, Head of Reader Services, retired after twenty-five years. William M. Griswold Director 4 the morgan library & museum report to donors 5 Philip Isles Exhibitions Laurie B. Jacobs Beverly Schreiber Jacoby Robert and Ardis James Barbara G. Lifton, Esq. Andrew and Joan Jessiman Lisa D. Johnson and Williams Cosby Mr. and Mrs. David A. Jones Laurence Jurdem Wolf Kahn and Emily Mason Mannerism and Modernism The Changing Face of Jim Dine Herbert Kayden, M.D. Lists Ingres at the Morgan Charles Dickens at 200 The Kasper Collection of Drawings and William Shakespeare The GlyptotekBelinda Drawings and Stephen Kaye To-dos, Illustrated Inventories, Collected september 9–november 27, 2011 september 23, 2011–february 12, 2012 Photographs february 4–may 1, 2011 may 20–septemberDee Ann Keip4, 2011 Thoughts, and Other Artists’ Enumerations clare eddy thaw gallery morgan stanley east gallery Dr. and Mrs. H. J. Khambatta january 21–may 1, 2011 clare eddy thaw gallery morgan stanley east gallery from the Smithsonian’s Archives of Andrew Klaber This exhibition presented seventeen The Morgan’s collection of Dickens morgan stanley galleries The Cobbe portrait, together with a This exhibitionPhyllis explored L.