169th Annual Report for the Pennsylvania Academy of the Fine Arts

Item

Title

169th Annual Report for the Pennsylvania Academy of the Fine Arts

Identifier

1974-AR.pdf

Date

1974

Creator

Pennsylvania Academy of the Fine Arts

Subject

annual report
finance report
school report
exhibition
history

Publisher

The Pennsylvania Academy of the Fine Arts' Dorothy and Kenneth Woodcock Archives

Medium

paper

Format

PDF

Source

The Pennsylvania Academy of the Fine Arts' Dorothy and Kenneth Woodcock Archives

Language

eng

Rights

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extracted text

THE ONE HUNDRED AND SIXTY-NINTH ANNUAL REPORT OF

THE
PENNSYLVANIA
ACADEMY
OFTHE
FINE
ARTS-1974

NOVEMBER 1, 1974

REPORT OF THE DIRECTOR

Fiscal 1974 was a crucial year in th e
Academy's long and celebrated existence; work has begun on the restoration of our magnificent historic building.
In order to expedite the restoration
and to make the job of fund raising for
this project more effective, the Academy
has undergone two major changes in
1974. We have moved the School, Collection and all of the Staff out of the
building at Broad and Cherry; and we
have reorganized our corporate structure. Becaus e of these changes this Annual Report is somewhat curtailed.
However a more complete and detai led
Repo rt will be published for the fiscal
year 1975.
In May 1974 the Academy clos ed its
Broad and Cherry building to the public
for two years, stored much of its collection, lent numbers of its paintings to art
institutions across · the country, and
moved its Staff and School to temporary
quarters. By August the Staff was relocated in Peale House, where a continuing and varied exhibition schedule is
being carried out. On September 9th the
School open ed in its temporary location
at 2200 Arch Street, and on September
18th, after some modest renovations,
Peale House (including our Museum
Gift Shop) opened to the public.
On September 10th a Shareholders'
meeting was held and the resolution
changing the Academy ' s corporate
structure by amending the Charter of th e
Academy was voted on and passed.
With the amendment to the Charter the
corporation of the Academy has been
reorganized on a trustee basis, without
shareholders. Outstanding issues were,
therefore, nullifi ed (th e stock, in any
case, had no real market value). The
Academy prop erty and direction is now

vested in a self-perpetuating Board of
Trustees elected on a rotating basis. The
current Board of Trustees will continue
in office until the successor Trustees are
elected in accordance with the new ByLaws. Form er Shareholders, in consideration of their dedication and support of
the Academy, will be given special
membership consideration.
As the above indicates, the name
Board of Directors has been changed to
Board of Trustees. Also the Secretary has
officially been changed to the Directo r;
Business Manager, to Administrator and
Secretary; and Administrator of the
School has been changed to Dean of the
School.
The Pennsylvan ia. Aca.demy has raised
2.5 million dollars from the private sector toward th e restoration of our great
building. However, this is only the first
step on the way to our ultimate end of
7.4 million . We are currently seeking
matching funds from government sources,
but we are not going to stop our drive
for private moneys. Th e Pennsylvania
Academy of the Fine Arts, the first art
institution in America, needs the continued support of the entire community
not only at this exciting time but in th e
futUre as well.
Richard J. Boyl e
Director

CONSOLIDATED TREASURER'S REPORT
SEPTEMBER 1, 1973 TO AUGUST 31, 1974

INCOME

ADMINISTRATION

$ 27,668.88

MUSEUM AND EXHIBITIONS

14,431.80

SCHOOL

469,968.18

TRUST FUNDS

210,765.02

MEMBERSH IP DUES

175,050.00

CONTRIBUTIONS-UNRESTRICTED

9,380.98

STATE GRANT

2,765 .63

TOTAL

EXPENSE

ADMINISTRATION

$910,030.49

$337,365.03

MUSEUM AND EXHIBITIONS

200,250.40

SCHOOL

419,853.76

PEALE CLUB DEFICIT

6,537.77
TOTAL

NET OPERATING DEFICIT

$964,006.96

($53 ,976.47)

Cl em ent B. Newbold , Jr.
Treasurer

REPORT OF THE DEAN OF THE SCHOOL

CREDITS :
Design-Jim Elli s
Typography-Typographic Service, In c.
Printer-Charles M . Nichol s

The 1973-74 School Year was un doubtedly the most uniqu e and demanding in the last 100 years of th e
Academy's histo ry .
During th e twelve-month period endin g August 31, 1974:
The decision to embark upon th e renovation and restoration of the Academy
building at Broad and Cherry Streets was
m ade and the co nsequ ent req uirem ent
th at the building must be vacated m ade
it necessa ry to find practical and suitable
t emp o rary quarters for the School as
well as the Museum.
Day and Zimmermann Associates
were award ed a co ntract for the design
and renovation of the gro und floor of
the old Dail y News building at 2200 Arch
Street. This locati o n offered the best op portunity at the lowest rental for th e best
possible space for th e stud ents and at
th e same time would m eet the strict re- .
quirements of the Burea u of Licenses
and I nspections. Timing was critical and
scarcity of materials meant unforeseen
delays. Final approval by th e Burea u of
Li ce nses and Inspections was late, resulting in opening the studios September 9, two days later than planned.
Registration of 407 day students represented the greatest number of students
on reco rd. Evening school also was overfull, reg istering 205 students.
Summer school was moved to th e
Pea le Hous e, 1811 Ch est nut Street for
the 1974 session and new co urses in Clay
Modeling and Graphics helped to maint ain registration at a high level, i. e. 154
students.
Faculty changes were few. James Gadson resigned and Rob ert Hale took a
leave of absence due to ill health.
Lisa Marder joined our day school faculty. Robert M cG overn substituted for
Rob ert Hal e. Bruce Samuelson and William Marton e join ed our Evening school
faculty.

A number of substantive bequ ests
were rec eived from friends and former
students.
The Jane Darley Naeye Scholarship
Fund established by a bequest of her father, Isaac Naeye, $96,000.00.
The Charles E. Dutrow Award for
Sculpture estab lished by a bequest of his
daughter, Elizabeth D. Haynes, $10,000.00.
The Robert A. Ricker Memorial Prize
established by a gift from his fath er, Dr. J.
Henry Rick er, $2,600.00.
The Winifred and Eliab Tillson Ward
Bequest for Sc ulpture, $14,000.00.
Two grants have bee n awarded to the
Academy School:
The Louis Comfort Tiffany Foundation
awa rded a gra nt of $10,000.00 for the aid
o f talented st ud ents .
The Ford Foundation awarded a grant
of $50,000.00 subject to a three to o n e
matching fund for Faculty enrichm ent.
The exercises markin g the opening of
the Annual Stud ent Exhibition and the
announceme nt of special awards, inc luding the William Eml en Cresson ,
Lewis S. Ware and J. Henry Schiedt memorial traveling scholarships were held
in the Academy galleries on Wednesday,
May 1, 1974. Peter Shepheard, D ea n of
the Graduate School of Fin e Arts of the
University of Pennsylvania, was the
speaker of the day.
The affair attracted 592 visitors and
students. Another reco rd was estab lish ed when one hundred and one st udents competed for the 13 European
Traveling Scholarships for a total value
of $32JOO.00.
One hundred eighty-four stud ents
submitted 822 works in co mpetition for
fifty-three lesser cash awards totaling
$7,860.00.
During th e exhibition, 101 works were
sold for a total of $10,395.00.
Henry Hotz, Jr.
Dean

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