Budget cutbacks
Minneapolis Institute of Art announces over $19m in gifts, including funds for a diversity officer, Latin American curator and deputy director
Museum, under pressure to embrace equity while facing revenue losses, says the money will shore up its endowment and operating budget
‘From bad to worse’: over half of US museums have laid off or furloughed staff, survey shows
Museums expect to lose an average of 35% of budgeted income this year, plus an additional 28% in 2021
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Met lays off 79 more employees and furloughs 181, as it faces a ‘very different’ financial picture
Museum hoped to reopen on 29 August but the prospect remains uncertain amid coronavirus restrictions
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When MoMA reopens, its budget will have shrunk by $45m and its staff by 17%
Museum director Glenn D. Lowry describes it as taking a “chainsaw” to spending