Monroe added that art and creative expression are “central to our identity as human beings and critical to our future.”
“PEM’s success has been the result of the talent and commitment of exceptional staff and volunteers, a remarkable Board of Trustees, and truly inspired patrons,” Monroe noted. “Building on its unique 218-year legacy, including the advances we have been able to realize in the past quarter of a century, PEM is ideally positioned to continue the innovation and change required to enable the Museum to enrich the lives of people worldwide in a rapidly changing cultural environment.”
Samuel T. Byrne, Chairman of the Board of Trustees, said PEM is “poised to have an even larger role in the future in creating experiences of art, culture and creative expression. We are grateful for Dan’s inspired shaping of a quarter-century of success after success and his building a strong foundation at PEM for even greater impact in the years ahead.”
ADDITIONAL BACKGROUND ON DAN MONROE’S TENURE
PHYSICAL EXPANSION AND RENOVATION
PEM’s physical presence has grown dramatically under Dan Monroe’s leadership. In 2003, as part of the Third Century Campaign, PEM opened a 113,000-square-foot wing designed by Moshe Safdie. The transformational $200 million campaign and expansion included new collection installations, a soaring 10,000-square-foot Atrium with a cafe, handsome auditorium, enlarged museum shop, interactive studios, outdoor parks and walkways, renovated galleries throughout the museum, and the opening of Yin Yu Tang, PEM’s historic Chinese house.
In 2018, PEM opened a state-of-the-art 120,000-square-foot Collection Center to unify, preserve and protect the museum’s 1.8 million works and the collection of the Phillips Library at the highest possible standard. PEM continues to grow, with a current Gallery Expansion Project designed by Ennead Architects that will add 40,000-square-feet to PEM’s facility, including 15,000-square-feet of gallery space, a light-filled atrium, an entry for school and group tours, linkages to existing galleries and a new garden. Opening in mid-2019, the project will also unveil the first phase of 19 new collection installations, to be completed in 2021.
INNOVATION AND IMPACT
PEM’s mission, operating principles and financial model combine to make it one of the most dynamic and progressive museums in the nation. PEM is dedicated to creating experiences of art, culture and creative expression that transform people’s lives by broadening their perspectives, attitudes, and knowledge of themselves and the wider world. A museum-wide culture of innovation and experimentation ensures that PEM is continually working to provide meaningful, relevant and exciting experiences for the public. Fresh interpretive strategies, creative risk taking and innovative exhibition design have become hallmarks of the PEM experience. Under Monroe’s direction, PEM established a groundbreaking neuroscience initiative and hired Harvard-trained neuroscience researcher, Dr. Tedi Asher, to assess how neuroscience can enhance the museum experience.
RETOOLED FINANCIAL MODEL
Monroe has created an entirely new financial model for PEM and all art museums. As part of the museum’s most recent $650 million Connect Campaign — of which more than $600 million has been raised to date — PEM is building a robust endowment capable of providing 60-65% of operating support for an annual budget of more than $34 million. This is more than twice the amount of endowment income than the average art museum draws annually and insures long-term financial stability and it enables PEM to focus on creative innovation and visitor impact. PEM’s Connect Campaign is the first art museum campaign to substantially prioritize endowment over facility expansion and infrastructural improvements, a decision that The Wall Street Journal has remarked as a “retooling the traditional business model for museums.”
PEM GOES GLOBAL
PEM’s exhibition program is global in its purview and interdisciplinary in its practice, addressing urgent topics and universal experiences. Over the last decade, PEM has established a robust changing exhibition program producing dozens of exhibitions that are created in collaboration with, and travel to, major museums, including: the Palace Museum, Beijing; the Victoria & Albert Museum; the Metropolitan Museum of Art; the National Gallery of Art, Washington, D.C.; the Freer|Sackler, Washington, D.C.; the Royal Ontario Museum; the Rijksmuseum, Amsterdam; and the National Museum of the American Indian. Monroe has raised the international visibility of PEM through strategic partnerships with art organizations in China, India, Japan and Korea.
ABOUT THE PEABODY ESSEX MUSEUM
Over the last 20 years, the Peabody Essex Museum (PEM) has distinguished itself as one of the fastest-growing art museums in North America. It now stands among the top ten percent of American and Canadian art museums based on size, endowment, operating budget. Founded in 1799, it is also the country’s oldest continuously operating museum. At its heart is a mission to create experiences of art, culture, and other forms of creative expression that enrich and transform people's lives by broadening their perspectives, attitudes, and knowledge of themselves and the wider world.
PEM celebrates outstanding contemporary and historical artistic and cultural creativity for audiences worldwide through exhibitions, acquisitions, hard copy and digital publications, research, education and public programs, and special events and activities. Its campus provides a varied and unique visitor experience with hands-on creativity zones, interactive opportunities and performance spaces. PEM’s diverse and large collection includes 1.8 million objects, an important research library featuring thousands of rare and unique materials, and twenty-two historic buildings, including Yin Yu Tang, a 200-year-old Chinese house that is the only such example of antique domestic architecture presented outside of China. Collection areas include American art and architecture, Native American, Maritime, Chinese art and architecture, Korean, Japanese, Indian, Oceanic, African, Fashion and Textiles, and Photographic art. HOURS: Open Tuesday-Sunday, 10 am-5 pm. Closed Mondays, Thanksgiving, Christmas and New Year's Day. ADMISSION: Adults $20; seniors $18; students $12. Additional admission to Yin Yu Tang: $6 (plus museum admission). Members, youth 16 and under and residents of Salem enjoy free general admission and free admission to Yin Yu Tang. INFO: Call 866-745-1876 or visit pem.org.
Media Relations Contact:
Whitney Van Dyke | Director of Communications | email@example.com | 978-542-1828