The VMNH BOT Executive Committee Meeting held on November 16, 2024, focused on several key developments and future plans for the Virginia Museum of Natural History (VMNH). The meeting highlighted ongoing projects, financial updates, and strategic goals for the museum.
One of the significant updates came from Joe Kuiper, who reported on the progress of Hayden Bassett's underwater archaeology program. Bassett is currently operating a remote underwater vehicle at Philpott Lake, with plans to explore submerged Virginia Indian sites in the Chesapeake Bay and Atlantic Ocean. This initiative marks a notable expansion of the museum's research capabilities.
The committee also discussed the upcoming tour of Douglas Avenue, which is set to undergo rehabilitation. Kuiper emphasized the importance of staff contributions to the project, which aims to upgrade essential systems such as HVAC, electrical, and plumbing. The initial project scope was reduced from $2 million to a more manageable budget, allowing for necessary improvements while ensuring the building can serve as appropriate off-site storage for collections.
In addition, the committee submitted their reaccreditation package on November 1, which includes operational documents and policies. The American Alliance of Museums will review the submission over the coming months, with a site visit planned for March or April. This process is crucial for maintaining the museum's accreditation status.
Financially, the committee is preparing to vote on the approval of medications and first-quarter financials in the next meeting. Kuiper noted the importance of maintaining a quorum for these votes, indicating a collaborative approach to governance.
The meeting concluded with a celebration planned for the museum's milestone of reaching a million-dollar endowment. Kuiper shared optimistic projections for future growth, suggesting that if the endowment continues to grow at the current rate, it could reach $36 million in the next 15 years. This ambitious goal reflects the committee's commitment to securing the museum's financial future and enhancing its impact on the community.
Overall, the meeting underscored the VMNH's dedication to advancing its research initiatives, improving facilities, and ensuring long-term financial stability.