Met Gets $30 Million Gift, Without Strings

Friday, March 26, 2010

The Metropolitan Opera has announced that it's received a $30 million donation from philanthropist Ann Ziff.

The New York Times reports that the opera company plans to use the unrestricted donation to cover operating expenses. The Met this year has seen ticket sales drop by 3 percent and is projecting a 4 million dollar budget shortfall.

“It’s not enough to save us,” Mr. Gelb said, but “it’s a very timely and important gift from a longtime supporter of the Met.”

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Comments [2]

Mark Hartigan from Nutley, NJ

I'm not sure I understand Mr. Gelb's comment that 'it's not enough to save us', when the budget shortfall is $4 million. What is enough to save the Met if not $30 million?

Mar. 29 2010 02:00 PM
Joyce Levy from Boynton Beach, FL

I think it is wonderful that a person who has the financial resources to support the arts, actually does so. I no longer live near NYC, the operas used to be out of reach, but the Live Performance HDTV have brought the opera to my doorstep. My contribution is in the mail and though it does seems like a fly on the wall in comparison to $30million, it would easily mount up if all the viewers did the same. My thanks to all those involved in bringing the Met Opera to those of us who live far from NYC. PS My first opera at the Old Met was "Tristan und Isolde" sung by Helen Traubel and Lauritz Melchior!
What an experience for a 15 year Music & Art High School student.

Mar. 28 2010 06:15 PM

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