15 April 1940
The Art Institute of Chicago
Mr. Catton Rich explained the present situation of the Art Institute in regard to possibilities for purchase of contemporary art. One fund -- the Joseph Winterbotham -- exists for contemporary European painting, no special funds are set aside for the acquisition of contemporary American art. Considerable discussion followed as to how best to handle the problems of raising funds, participation in selection by members of the society, and in securing works worthy of becoming a part of the permanent collection of the Institute. Perhaps hold a yearly exhibit, some time in January. Every member of the society to nominate one painting or piece of sculpture. This might be from Chicago or from outside; it might be selected from contemporary American entities at Art Institute exhibitions or chosen from galleries or studios. No prints. From this exhibition the Trustee's Committee on Painting and Sculpture would select one or more examples, the purchase to be made from funds supplied by the Society. A private opening of the exhibition for members of the group and friends. The members would raise funds. Perhaps an annual contribution of $40 - others might wish to give more. If each person at this meeting brought in five members there would be an income of $2,000 a year to spend. A second function of the society: to further the knowledge of contemporary art through public meetings, lectures, parties, etc. Perhaps raise some money this way.