Battered Nonprofits Seek to Tap Nest Eggs

But Mr. Weinberg, a Brandeis alumnus, wants the school to find an alternative to selling its art collection, and says he sees merit in giving nonprofits some flexibility.

Brandeis is considering cutting 10% of its faculty, along with closing its art museum. Facing an outcry among donors and others over the proposed closing, the school has suggested it would consider alternatives to selling the more than 7,000 works in its collection, including paintings by Willem de Kooning, Jasper Johns, Roy Lichtenstein and Andy Warhol.