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.”