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This distribution is the payout from the endowment.
In that period, some artists were declining grants from the endowment.
The rest will come from the endowment and the operating budget.
Ms. Ramírez, at the Museum of Contemporary Art, also received $30,000 from the Endowment.
And earlier this year $2.1 million was taken from the endowment as an advance.
Digital humanities, a discipline that barely existed a decade ago, has been winning additional financing from the endowment.
Similar(8)
Money from the endowment allowed the University to grow quickly.
Two other Westchester groups also received grants from the endowment.
The program operates on interest from the endowment.
All gifts are placed into perpetual MIT endowment, with income from the endowment funding the Prize.
The payout from the endowment, 12%.
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