Cuts on the federal budget are affecting funding for arts and humanities endowment. With the President’s Budget Proposal for the Fiscal Year 2012 still to be approved, the Obama Administration continues to battle off the more drastic cuts called by Republican politicians in Washington DC. Some education programs stay at risk and some even total elimination, and the last figure of the federal budget cut could total 10% to 12% reduction from previous year for the various organizations depending on it.
With similar budget cuts on the other side of the Atlantic, European institutions would be suffering bigger struggles. US institutions have proved to be more efficient over the years by seeking sponsorship and developing institutional collaborations with private entities to raise their funds and balance their budgets.
Considering the times, it seems like an exceptional moment to be hearing about a $100 million project of renovation of a museum today (even its a partial one). A good day for such an iconic institution. A good day for the Metropolitan Museum of Art in New York. A good day for Culture.
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NYT GLOBAL EDITION | WEB CLIPPING
Art & Design
Grand Galleries for National Treasures
By CAROL VOGEL
Published: January 5, 2012
IN 1924, when the Metropolitan Museum of Art opened its American Wing, the Met’s president, Robert W. de Forest, cautiously toasted the state of what he called “American domestic art.” “Perhaps, at the moment, it has more acclaim than future generations would think it ought to have had,” he said. “It has filled the antiquity shops, it has crowded the auction rooms, it is vogue.”