Category: Finances

PBS Slashes Budget by 21% After Federal Funding Cuts

The nonprofit will receive less revenue from its members, which are under pressure to make up for shortfalls of their own.
After a Young Arts Patron’s Donation Did Not Clear, He Was Found Dead

Shortly before Matthew Christopher Pietras’s body was discovered, the Metropolitan Opera had been told that the $10 million he had just donated did not belong to him.
A Guide to Finding Insurance at 26

It’s a difficult rite of passage for young adults without job-based insurance. Here are some tips for getting started.
Tech C.E.O. Pays $400,000 to Conduct the Toronto Symphony

Mandle Cheung, a 78-year-old amateur conductor, led a performance of Mahler’s “Resurrection” Symphony over the objections of some musicians.
Laurene Powell Jobs Cuts 10% of Jobs at Emerson Collective

Ms. Powell Jobs has privately said her philanthropy needed to practice more austerity, according to people who heard her remarks.
This Year’s Met Gala Raises the Most Money in Its History

The Met’s annual fashion party has become a fund-raising juggernaut, but the lavish event comes with a price tag of its own. How much bang does it get for its buck?
Trump Says He Will Put 100% Tariff on Movies Made Outside U.S.

Declaring foreign film production a national security threat, the president said he had asked his top trade official to start the process of imposing a tax on Hollywood.
‘People Who Are Salaried Are Crying’: Taxes on Workers Add to Debt Misery

Increased payroll taxes are one element of a desperate bid in Kenya to keep the government running and pay off the country’s foreign creditors.
The National Endowment for the Arts Begins Terminating Grants

The endowment told arts organizations that it was withdrawing or canceling current grants just hours after President Trump proposed eliminating the agency in the next fiscal year.
Trump Seeks to Eliminate the National Endowment for the Arts

The president’s budget proposal also called for getting rid of the National Endowment for the Humanities and the Institute of Museum and Library Sciences.
John Thornton, Venture Capitalist Who Founded The Texas Tribune, Dies at 59

An idealist, he founded The Texas Tribune, a model for nonprofit grass-roots news organizations nationwide, and the American Journalism Project, which supports them.
The Brooklyn Academy of Music Is Fighting to Regain its Mojo

America’s oldest performing arts venue does not draw the attention or audiences it once did. Now it has lost another leader as it works to adjust to an uncertain future for cultural institutions.