Filed under: Art
In response the trust has cut its operating budget by close to 25% for the next fiscal year. The Getty cuts may include a reduction in the number of temporary exhibitions, a freeze on acquiring new works and the possibility of some layoffs (a blog silencedogetty.blogspot.com is being written by some worried members of the Getty staff). The Getty Trust was started in 1976 with a $700-million bequest (the equivalent of $2.6 billion today) and unlike other institutions which depend heavily on donations it has been able to cover most of its operating costs with the earns from the investment portfolio. The Getty Center and the Getty Villa both offer free admission (although they do charge for parking).