"Met Opera Utilizes Endowment to Navigate Economic Downturn"

The Metropolitan Opera has withdrawn nearly $40 million from its endowment to cover operating expenses as it continues to recover from the pandemic. Despite the financial challenges, the company sees signs of improvement, with increased paid attendance, growing interest in Live in HD cinema broadcasts, and a younger audience for contemporary opera. The Met expects substantial cash gifts to replenish the endowment in the coming years and is also seeking a transformative gift to support its recovery efforts.