Exact(2)
The museum draws upon its endowment, as it is averaged out over five years, for a third of its operating costs; while this year's total will be buoyed by investment income earned before the crash, the outlook for the next several years is bleak.
Like many private museums in the country, MoMA receives only a small amount of support from the government, relying upon its endowment of over $600 million, ticket sales and membership fees to mitigate operating costs.
Similar(58)
At the end of 2007, it had $353 million in its endowment.
The Met said that last year it spent 7.1 percent of its endowment.
Yet in nearly every year since 2000, the museum has drawn down on the principal of its endowment to pay for operations, a practice frowned upon as risky in the museum world.
"It could pay the tuition of all its undergraduates, and its endowment would still grow.
Today, its endowment exceeds $1 billion.
Princeton received 50 percent of its budget last year from its endowment.
Its endowment is also about $4 billion.
Its endowment is also bigger -- about $350 million.
Its endowment now stands at $1 billion.
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