The Metropolitan Museum of Art (MET) is one of the world’s premier art museums and is located in New York City. It houses a vast collection of artwork from all over the world, from ancient times to the present day. The MET is a non-profit organization and relies on private donations, corporate sponsorships, and other forms of philanthropy to support its operations.
The MET receives generous support from many corporations, foundations, and individuals. Some of its most significant sponsors include Bloomberg Philanthropies, The Andrew W. Mellon Foundation, JPMorgan Chase & Co., The Ford Foundation, and Sotheby’s.
Bloomberg Philanthropies is one of the largest supporters of the MET, donating $20 million since 2011 to help fund exhibitions, educational programs, conservation initiatives, and general operations. This includes $10 million for an exhibition space dedicated to modern and contemporary art that opened in 2019. Bloomberg has also provided $5 million for an endowment to support the museum’s curatorial staff.
The Mellon Foundation has given more than $50 million to the MET since 2007 for a variety of projects such as conservation initiatives, educational programs, acquisitions and exhibitions. A portion of these funds are used to support research fellowships that enable curators to pursue research projects at the museum or elsewhere in the world.
JPMorgan Chase & Co., has been a major supporter of the Met since 2008 when it committed $10 million for acquisitions over a five-year period. Since then it has donated more than $35 million for special exhibitions; conservation initiatives; educational programs; digital access projects; fellowships; publications; and other initiatives.
The Ford Foundation has been an important partner with the Met since 2013 when it made a commitment of $25 million over seven years towards its goal of making art accessible to all communities regardless of race or income level. These funds have been used towards exhibitions highlighting diversity in art as well as digital access projects.
Sotheby’s, one of the world’s leading auction houses, has been a longtime supporter of the Met with generous donations including funding for special exhibitions such as Impressionism/Modern Art: The Clark Brothers Collect (2013), American Stories (2015), Manus x Machina: Fashion in an Age of Technology (2016).
The Metropolitan Museum or Art is fortunate to have such generous sponsors who help fund its many projects and initiatives that allow it to continue providing access to world-class art for generations.
Conclusion: The Metropolitan Museum Of Art is supported by several prominent corporate sponsors including Bloomberg Philanthropies, The Andrew W Mellon Foundation , JPMorgan Chase & Co., The Ford Foundation ,and Sotheby’s who provide generous donations towards various projects at this premier art museum located in New York City.