Tuesday, November 13, 2012

Proceeds from the auction will go towards "the nurturing of young photographers, artists and explorers"

The National Geographic Society is auctioning off 240 pieces from its collection of photos and original illustrations at Christie's in December.  The sale is expected to bring about $3 million and the proceeds will not be used for acquisitions.  Does that make them repulsive?

As I've wondered before, how is it that some nonprofits hold their assets in the public trust and others don't?  How are we supposed to tell the difference?