Bill > A03583

This bill establishes the New York State Museum Partnership Trust, a new public benefit corporation designed to support and enhance the state museum's operations. The trust will be governed by a 20-member board appointed by various state leaders, including the governor, board of regents, and legislative leaders. Its primary purposes are to receive private donations, create an endowment, support special projects, and help tell the story of New York's history and culture. The trust will have the power to accept gifts, invest funds, create committees, and hire staff, including an executive director. An initial appropriation of $250,000 is provided to hire this director. The trust is intended to supplement, not replace, existing state museum funding, and will work in conjunction with the state education department and board of regents. Key provisions include creating three separate accounts for endowment, special projects, and operations, with the potential for the state to match up to $5 million in donations. Board members will serve without compensation but can be reimbursed for expenses, and the trust is structured to provide tax benefits for donors while ensuring that no board members can profit personally from its operations.

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https://www.nysenate.gov/legislation/bills/2025/A3583