Year in Review 2021/2022
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Finances

The RISD Museum is an integral part of the Rhode Island School of Design, a non-profit institution. As a non-profit, we are responsible for raising funds (from individual donations, grants, and more) and generating revenue (through sales of publications, for example) to support our operations, as well as spending those funds in accordance with our mission to benefit the public. This section breaks down where our income comes from, as well as how we spend it.

 

 

In this section

 

 

Income TOP ↑

Each year, the museum receives support from a variety of sources. This chart illustrates the types of income we received in fiscal year 2021–2022, along with further explanation of what comprises each category.

Pie chart with large sections of gray and purple, and smaller sections of blue and light-gray. Below the chart reads “TOTAL: $7,899,002.81”.

  Annual Giving $304,869.77 (4%)

Donations given for general purposes

 

  Revenue $659,836.87 (8%)

Income from admissions, museum memberships, publication sales, touring exhibition fees, museum tours, and special programs

 

  Grants and Designated Gifts $3,737,701.18 (48%)

Grants from private foundations and government entities, donations from individuals designated for specific purposes, income from endowments

 

  Institutional Support $3,196,594.99 (40%)

As an integral part of RISD, the museum receives financial support from the college for the work we do to serve students, faculty, and community members. The museum also receives in-kind support from RISD in the form of utilities and central services (e.g., mail, payroll, human resources, etc.).

 

 

Expense TOP ↑

This chart illustrates how the museum spent the money we received in fiscal year 2021–22, with further explanation of what comprises each category.

Pie chart with large sections of gray, smaller sections of light-gray, and even smaller sections of purple and blue. Below the chart reads “TOTAL: $7,899,002.81”.

  Operations $538,965.93 (7%)

Administrative and custodial personnel and expenses, database subscriptions, institutional memberships (e.g., Alliance of Art Museums, New England Museum Association), general equipment, and supplies

 

  External Affairs $644,986.16 (8%)

Fundraising and marketing personnel and expenses, advertising and publicity expenses, expenses related to museum membership program and special events

 

  Collections $2,959,953.39 (37%)

Conservation, curatorial, and registration personnel and expenses; object photography and storage; object loans; rights and reproduction expenses

 

  Engagement $3,755,097.33 (48%)

Personnel and expenses related to museum education (public and academic, family and teen, and school and teacher programs), exhibition installation and events, security and visitor services, digital and print publications, and museum website

 

 

 

Do you have questions, suggestions, or feedback?
Write us: musadmin@risd.edu