Friday, November 17, 2017

Stabilization? Met Museum Cuts Its Projected Deficit, Adds To Endowment

"Where a shortfall of $15 million had been projected for the fiscal year 2017, which ended in June, that figure was contained to $10.1 million, according to the report, and the Met said it is on track to eliminate its deficit by 2020. In addition, the museum’s endowments increased by almost $300 million, to a total of $2.9 billion; and the Met said it raised $232 million in philanthropic gifts, membership dues and government support."

Article source here:The Arts Journal

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