Viewing page 22 of 68

- 2 -

from the Rockefeller Foundation, the Wildenstein Benefit,sponsored by [[underlined]] Time [[/underlined]] Magazine, and the activities at the Brussels Fair, all major endeavors.

"Future plans", said Mr. Schramm, "cover the 50th Anniversary Convention to be held April 23, 24, 25, 1959 in Washington, D.C., and implementation of "New Dimensions for the American Federation of Arts". (This is a 52 page report made by John G. Holmes Associates, employed by AFA to study its potentialities.)

Mr. Schramm spoke of the deaths of Trustee Leonard Hanna, long a friend of the Federation, and Sidney Berkowitz, a former Trustee who had contributed in many ways to The American Federation of Arts.

III The Treasurer, Lee A. Ault, reported the financial condition of AFA (Apeendix A).

IV [[underlined]] Reports of Committees [[/underlined]]

A. Standing Committees
1. [[underlined]] Budget [[/underlined]] - Mrs. Elizabeth S. Navas, Chairman, reported that her Committee had held the two meetings of the current year required by the Constitution, at which the budget prepared by the Director was carefully checked. Income for the year, derived from Membership and Exhibition fees was budgeted at $96,000, and Operating Expenses at $121,000, thus allowing an operating deficit of $25,000. It is expected that this deficit will be met by Trustee contributions and other activities, as was the 1957 budgeted deficit of $22,600.

2. [[underlined]] Nominations [[/underlined]] - Charles C. Cunningham, Chairman, reported nominations for Trustees for reelection as follows:

H. Harvard Arnason
Richard F. Bach
Henry Billings
Leslie Cheek, Jr.
George H. Fitch
Rene d'Harnoncourt
Paul S. Harris
Stanley Marcus
William M. Milliken
Elizabeth S. Navas
Fred L. Palmer
Eloise Spaeth
Suzette M. Zurcher

and for new Trustees, Francis E. Brennan and Fred Olsen. All nominees were elected by voice vote.*

B. [[underlined]] Operational Committees [[/underlined]]
1. Mrs. Eloise Spaeth, Chairman of the Extension Services Committee, first mentioned figures, contrasting the projected 1957 income from circulating exhibitions, $42,000, with the realized $49,584. The protected budget for 1958 envisaged $45,000 in re-

*In March of this year, Mrs. Jacob M. Kaplan was elected to the Board by the Executive Committee, to take the place of Mr. Leonard Hanna, whose term would have expired in 1960.
Please note that the language and terminology used in this collection reflects the context and culture of the time of its creation, and may include culturally sensitive information. As an historical document, its contents may be at odds with contemporary views and terminology. The information within this collection does not reflect the views of the Smithsonian Institution, but is available in its original form to facilitate research. For questions or comments regarding sensitive content, access, and use related to this collection, please contact transcribe@si.edu.