from The New York Times
Shift at Historical Society Raises Concerns
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A significant historical document collection was "deposited" with the New York Historical Society along with its lenders joining the board of the society. A concern arise: Would the society henceforth be subjected to the influence of its two wealthy and powerful members? Already, some members within the society who refuse to give their names seems to hint at a "shady" decision process as to the society's exhibition focus and directions. On the other hand, the influx of these new members and the collection has also pushed the society beyond its usual scope, facilitate academic pursuits and sparked off other positive developments.

The same concern arised last year which lead to Catherine B. Reynolds' eventual withdrawal of her $38 million gift to the Smithsonian National Museum of American History when loads of criticisms poured in. The concern according to "The Times": "What was controversial were the terms of the plan which would have granted her [Reynolds] and her foundation inappropriate influence over curatorial decisions."

Looks like there is really a potential conflict of interest over the influence of powerful donors/lenders. Well, with regards to the NYHS, time will tell...