Magnes Museum to Give Away Its Entire Collection of Prized Jewish Art

Better than deaccessioning? The Magnes, a Berkeley, Calif., museum, founded in 1962, doesn't have enough money to maintain the 10,000-piece collection, so it will turn the trove over to an unlikely rescuer: the University of California-Berkeley, part of California's public university system, which has experienced its own budget shortfall of $1 billion this past year.

Shelly Banjo of the WSJ explores this story as well as other art institutions that are struggling to stay afloat during these trying economic times.

Magnes Museum to Give Away Its Entire Collection of Prized Jewish Art