Top Ten Risk Management Exercises For Governing Boards of Libraries & Cultural Institutions During the 2025 Federal Shift; Western New York Library Resources Council, February 4, 2025

 Western New York Library Resources Council; Top Ten Risk Management Exercises For Governing Boards of Libraries & Cultural Institutions During the 2025 Federal Shift 

"Question:

Early 2025 has brought changes to stability of certain federal programs, funding, and governance. This instability is creating concern about access to grants, federal programs, and legal frameworks. What can our board do to address this?

Answer:

2025 has INDEED started off with a great deal of instability to federal programs, funding, and governance. In this answer, we’ll call this phenomenon the “2025 Federal Shift.”[1]

During such times as the 2025 Federal Shift, it is the role of a governing board to assess factors that could risk the achievement of an institution’s mission and develop plans to address them. This is a process called “enterprise risk management.”[2]

While confronting risk can be intimidating, it can also be empowering. And while not every risk can be avoided, it can often be mitigated.[3]

So, whether you’re on the board of a small public library or helping to lead a library within a large institution, now is a good time to inventory newly emerging risks and develop a response plan.

While the array of risks may seem infinite, below please find a chart of risks created by the 2025 Federal Shift. Following that is a chart of institution-specific risks.

Neither chart lists everything facing your institution, but these charts are provided to inspire the start of an orderly, meaningful, and impactful risk management strategy to assist governing boards in performing their fiduciary duties to their institutions.

Top Ten Risk Management Exercises

For Governing Boards of 

Libraries and Cultural Institutions

During the 2025 Federal Shift"

Smithsonian’s Leader Says ‘Museums Have a Social Justice Role to Play’; The New York Times, July 2, 2020

David Gelles, The New York Times; Smithsonian’s Leader Says ‘Museums Have a Social Justice Role to Play’

Lonnie Bunch, who oversees a host of museums and libraries, says the role of cultural institutions is to make people “feel comfortable with nuance and complexity.”

"In your memoir, you recalled when President Trump visited the National Museum of African-American History and Culture. And you shared this detail that the president didn’t want to see anything “difficult.” I feel like that story is emblematic of this broader tendency in American culture where many people, again, simply don’t want to confront the reality of some of the things that have happened in this country. How do we get people to engage with these difficult chapters in our history, especially when the legacy of some of these incidents is still very much with us today?

Americans in some ways want to romanticize history. They want selective history. As the great John Hope Franklin used to say, you need to use African-American history as a corrective, to help people understand the fullness, the complexity, the nuance of their history. I know that’s hard. I remember receiving a letter once that said, “Don’t you understand that America’s greatest strength is its ability to forget?” And there’s something powerful about that. But people are now thirsty to understand history. I hear people all the time saying, “I didn’t know about Juneteenth. Help me understand about the Tulsa riots.”

History often teaches us to embrace ambiguity, to understand there aren’t simple answers to complex questions, and Americans tend to like simple answers to complex questions. So the challenge is to use history to help the public feel comfortable with nuance and complexity."