Elsewhere online
July 12, 2016

World Monuments Fund Cuts Back as Big Donation Runs Out

International preservation charity the World Monuments Fund is reducing its staff by about a quarter as a major source of its funding — a large matching gift from the late hedge-fund mogul Robert Wilson — expires after a decade, The New York Times writes.

The fund, which identifies and helps restore at-risk historic site around the globe, is eliminating 11 of 45 positions. It was one of four environmental and preservation groups to which Mr. Wilson, who died in 2013, pledged a combined $400 million in 2006.

“With the gift’s conclusion, we are restructuring to ensure our future fiscal sustainability for years to come,” said Joshua David, the fund’s president. Mr. David joined the preservation group last fall after 16 years as a leader of Friends of the High Line, the nonprofit that turned an abandoned New York rail line into a popular elevated park.