Met Costume Institute's Endowment and New Galleries Reduce Gala Dependency
The Metropolitan Museum of Art's Costume Institute has undergone a drastic transformation with the inauguration of the new Condé M. Nast Galleries in the Great Hall and a significant endowment fund. These changes reduce the institute's reliance on its annual Met Gala for funding. The New York Times reported on May 1, 2026, that the endowment and new galleries represent a shift in the Costume Institute's position and its relationship to the party held in its honor.
Key facts
- New Condé M. Nast Galleries inaugurated in the Great Hall at the Met
- Galleries will house the Costume Institute's blockbuster shows
- Endowment fund represents a drastic transformation for the Costume Institute
- Changes affect the institute's relationship to the Met Gala
- Reported by The New York Times on May 1, 2026
- Article title: 'Could The Met's Costume Institute Survive The Loss Of Its Gala?'
- Source: ArtsJournal republishing NYT article
- Original article URL: nytimes.com/2026/05/01/style/met-gala-money-finances.html
Entities
Institutions
- Metropolitan Museum of Art
- Costume Institute
- Condé M. Nast Galleries
- The New York Times
- ArtsJournal
Locations
- New York City
- United States