TY 2024 Form 990

- TIN:

Form990

Department of the TreasuryInternal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

A For the 2024 calendar year, or tax year beginning 07-01-2024 , and ending 06-30-2025

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
METROPOLITAN MUSEUM OF ART

% CONTROLLER'S OFFICE

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
1000 FIFTH AVENUE

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100280198

D Employer identification number

13-1624086

E Telephone number

G Gross receipts $ 1,796,559,794

F Name and address of principal officer:
MAX HOLLEIN
1000 FIFTH AVENUE
NEW YORK,NY100280198

Tax-exempt status: 501(c)(3) 501(c) ( ) (insert no.) 4947(a)(1) or 527

Website:

WWW.METMUSEUM.ORG

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. See instructions.

H(c)

Group exemption number

K Form of organization: Corporation Trust Association Other

L Year of formation: 1870

M State of legal domicile: NY

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES. PLEASE SEE SCHEDULE O FOR MORE DETAILS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	50
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	49
5	Total number of individuals employed in calendar year 2024 (Part V, line 2a) ......	5	2,235
6	Total number of volunteers (estimate if necessary) .............	6	1,355
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	19,729,979
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	381,145,505	356,445,070
9	Program service revenue (Part VIII, line 2g) .........	8,471,049	4,223,113
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	294,637,085	520,347,739
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	13,348,180	26,352,115
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	697,601,819	907,368,037
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	2,750,234	2,322,708
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	230,171,464	251,622,874
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	79,855	117,620
b	Total fundraising expenses (Part IX, column (D), line 25) 23,719,525
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	244,943,262	247,971,960
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	477,944,815	502,035,162
19	Revenue less expenses. Subtract line 18 from line 12.......	219,657,004	405,332,875
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	6,025,306,841	6,425,250,270
21	Total liabilities (Part X, line 26).............	645,207,710	657,776,737
22	Net assets or fund balances. Subtract line 21 from line 20.....	5,380,099,131	5,767,473,533

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name

Firm's EIN

Firm's address

Phone no.

May the IRS discuss this return with the preparer shown above? See Instructions. ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2024)

Form 990 (2024)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III..............

Briefly describe the organization’s mission: THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES IN ORDER TO CONNECT PEOPLE TO CREATIVITY, KNOWLEDGE, AND IDEAS.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 163,398,296 including grants of $ 2,322,708 ) (Revenue $ 1,109,287 )
	CURATORIAL DEPARTMENTS, INCLUDING OPERATION OF THE CLOISTERS, CONSERVATION, CATALOGUING, AND SCHOLARLY PUBLICATIONS (INCLUDES FELLOWSHIP AWARDS AND TRAVEL STIPENDS IN THE AMOUNT OF $2,322,708)

4b	(Code: ) (Expenses $ 47,029,549 including grants of $ ) (Revenue $ 1,705,572 )
	ACQUISITIONS AND SALES OF ART

4c	(Code: ) (Expenses $ 31,714,492 including grants of $ ) (Revenue $ 1,038,504 )
	EDUCATION PROGRAMS, MUSEUM LIBRARIES, CONCERTS & LECTURES, AND DIGITAL MEDIA

	(Code: ) (Expenses $ 19,882,081 including grants of $ ) (Revenue $ 2,776,941 )
	OPERATING SERVICES

	(Code: ) (Expenses $ 20,174,791 including grants of $ ) (Revenue $ 1,700,000 )
	SPECIAL EXHIBITIONS

	(Code: ) (Expenses $ 5,789,102 including grants of $ ) (Revenue $ 5,404,212 )
	ALL OTHER SUPPORT SERVICES

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 45,845,974 including grants of $ ) (Revenue $ 9,881,153 )
4e	Total program service expenses287,988,311

Form 990 (2024)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A Click to see attachment

List of Attached Documents:

// Content

.....................

Yes

Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment

List of Attached Documents:

// Content

...

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I Click to see attachment

List of Attached Documents:

// Content

.............

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II Click to see attachment

List of Attached Documents:

// Content

.........

Yes

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III Click to see attachment

List of Attached Documents:

// Content

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

List of Attached Documents:

// Content

.........................

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

List of Attached Documents:

// Content

....

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part III Click to see attachment

List of Attached Documents:

// Content

..............

Yes

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

List of Attached Documents:

// Content

..............

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V Click to see attachment

List of Attached Documents:

// Content

......

Yes

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment

List of Attached Documents:

// Content

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

List of Attached Documents:

// Content

.......

11b

Yes

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

List of Attached Documents:

// Content

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

List of Attached Documents:

// Content

............

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

List of Attached Documents:

// Content

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

List of Attached Documents:

// Content

11f

12a

Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII Click to see attachment

List of Attached Documents:

// Content

......................

12a

Yes

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

List of Attached Documents:

// Content

12b

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment

List of Attached Documents:

// Content

14b

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV..... Click to see attachment

List of Attached Documents:

// Content

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. .... Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III................... Click to see attachment

List of Attached Documents:

// Content

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..... Click to see attachment

List of Attached Documents:

// Content

Form 990 (2024)

Page 4

Part IV

Checklist of Required Schedules (continued)

Yes

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

List of Attached Documents:

// Content

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a............... Click to see attachment

List of Attached Documents:

// Content

24a

Yes

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................

25b

Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........

Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?

If "Yes," complete

Schedule L, Part III.........................

Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................

28a

A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....

28b

A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M.. Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M ................. Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............ Click to see attachment

List of Attached Documents:

// Content

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1......................... Click to see attachment

List of Attached Documents:

// Content

Yes

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...

35b

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment

List of Attached Documents:

// Content

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI Click to see attachment

List of Attached Documents:

// Content

Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Part V

Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........

Yes

Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..

1,032

Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Form 990 (2024)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance (continued)

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

2,235

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

Yes

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

Yes

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..

Yes

If "Yes," enter the name of the foreign country: EG
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................

Yes

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Yes

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........

Sponsoring organizations maintaining donor advised funds.

Did the sponsoring organization make any taxable distributions under section 4966?........

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.

Yes

Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.

Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.

Form 990 (2024)

Page 6

Part VI

Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Yes

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .

Yes

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Section C. Disclosure

List the states with which a copy of this Form 990 is required to be filed

AL , AR , CA , CO , FL , GA , HI , IL , KS , KY , LA , ME , MD , MA , MI , MN , MS , NV , NH , NJ , NM , ND , OH , OK , OR , PA , RI , SC , TN , VA , WV , WI

Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
CONTROLLER'S OFFICE1000 FIFTH AVENUE NEW YORK,NY100280198 (212) 879-5500

Form 990 (2024)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)				(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) Lauren A Meserve...................................................................... SVP & CHIEF INVESTMENT OFFICER	35.0 ................. 0.0		X			1,646,429	0	533,874
(2) Max Hollein...................................................................... Director & CEO	35.0 ................. 0.0	X	X			1,804,586	0	67,134
(3) Lawrence Choi...................................................................... SENIOR INVESTMENT OFFICER	35.0 ................. 0.0			X		915,208	0	319,200
(4) Kenly Voght...................................................................... SENIOR INVESTMENT OFFICER	35.0 ................. 0.0			X		1,089,097	0	66,631
(5) Jameson Kelleher...................................................................... COO, CFO AND TREASURER	35.0 ................. 0.0		X			803,416	0	61,218
(6) Whitney Donhauser...................................................................... DEP DIR & CHF ADVANCEMENT OFF	35.0 ................. 0.0		X			602,228	0	67,247
(7) Sharon H Cott...................................................................... SVP,SECRTRY&GEN.CNSL to 4/1/25	35.0 ................. 0.0		X			522,100	0	76,575
(8) Quincy Houghton...................................................................... DEP DIR FOR EXH & INT'L INITIA	35.0 ................. 0.0		X			418,853	0	76,940
(9) Daniel H Weiss...................................................................... PRESIDENT AND CEO TO 6/30/23	35.0 ................. 0.0				X	492,000	0	0
(10) Stephen Martin Mannello...................................................................... Head of Retail & Global Licens	35.0 ................. 0.0			X		427,286	0	63,482
(11) Kenneth Weine...................................................................... SVP & CHF COMM OFF TO 12/31/23	35.0 ................. 0.0				X	464,661	0	9,795
(12) Andrea Bayer...................................................................... DEPUTY DIR, COLLECTIONS/ADMIN	35.0 ................. 0.0		X			389,891	0	67,406
(13) David Breslin...................................................................... Curator in Charge	35.0 ................. 0.0			X		395,574	0	60,138
(14) Kerry Mullins...................................................................... CHIEF HR OFFICER	35.0 ................. 0.0		X			375,848	0	66,272
(15) Jhaelen Hernandez Eli...................................................................... VP, CAPITAL PROJECTS To 1/3/25	35.0 ................. 0.0		X			374,248	0	66,397
(16) Inka Drogemuller...................................................................... DEP DIR FOR AUDIENCE ENGAGEMEN	35.0 ................. 0.0		X			389,242	0	49,793
(17) Steven R Ryan...................................................................... CHIEF TECHNOLOGY OFFICER	35.0 ................. 0.0			X		356,049	0	76,650

Form 990 (2024)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)			(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) Rishi Agnani........................................................................ Deputy Chief Human Resources	35.0 .......................0.0			X	346,231	0	71,028
(19) H Sujin Kim........................................................................ DEP GEN CNSL & ASST SECRECTARY	35.0 .......................0.0		X		328,153	0	37,955
(20) Candace K Beinecke........................................................................ Elective Trustee & Co-Chair	5.0 .......................0.0	X	X		0	0	0
(21) Hamilton E James........................................................................ Elective Trustee & Co-Chair	5.0 .......................0.0	X	X		0	0	0
(22) Richard L Chilton Jr........................................................................ Elective Trustee & Vice Chair	2.0 .......................0.0	X	X		0	0	0
(23) Debra Black........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(24) Samantha Boardman........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(25) James Breyer........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(26) Daniel Brodsky From 7124........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(27) Ursula Burns........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(28) Gerrard P Bushell........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(29) Jordan Casteel........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(30) Wellington Z Chen........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(31) N Anthony Coles........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(32) Stephen M Cutler........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(33) Robert Denning........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(34) Blair Effron........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(35) Mark Fisch........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(36) Marina Kellen French........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(37) Amy Griffin........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(38) Kenneth Hao........................................................................ Elective Trustee From 5/20/25	1.0 .......................0.0	X			0	0	0
(39) Jeff Himmelman........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(40) Yan Huo........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(41) Michael ByungJu Kim........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(42) Julia Koch........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(43) Sacha Lainovic........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(44) Aerin Lauder........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(45) Janice Y K Lee........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(46) Pablo G Legorreta........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(47) Wesley M LePatner........................................................................ Elective Trustee from 2/21/25	1.0 .......................0.0	X			0	0	0
(48) Amanda Davis Lister........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(49) Philip F Maritz........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(50) Howard Marks........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(51) Bijan Mossavar-Rahmani........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(52) Dasha Niarchos........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(53) Edward N Pick........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(54) John Pritzker........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(55) Sir Paul Ruddock........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(56) Alejandro Santo Domingo........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(57) Andrew M Saul........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(58) Karen Patton Seymour........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(59) Andrew Solomon........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(60) Jamie Singer Soros........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(61) Beatrice Stern........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(62) Steve Stoute........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(63) Gaby Sulzberger........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(64) Oscar L Tang........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(65) Ann G Tenenbaum........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(66) Merryl H Tisch........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(67) Mathew M Wambua........................................................................ Elective Trustee to 5/28/25	2.0 .......................0.0	X			0	0	0
(68) David S Winter........................................................................ Elective Trustee	2.0 .......................0.0	X			0	0	0
(69) Dame Anna Wintour........................................................................ Elective Trustee	1.0 .......................0.0	X			0	0	0
(70) Eric Adams........................................................................ Ex-Officio Trustee	1.0 .......................0.0	X			0	0	0
(71) Adrienne Adams........................................................................ Ex-Officio Trustee	1.0 .......................0.0	X			0	0	0
(72) Brad Lander........................................................................ Ex-Officio Trustee	1.0 .......................0.0	X			0	0	0
(73) Susan Donoghue........................................................................ Ex-Officio Trustee to 5/31/25	1.0 .......................0.0	X			0	0	0
(74) Iris Rodriguez-Rosa........................................................................ Ex-Officio Trustee from 6/1/25	1.0 .......................0.0	X			0	0	0
(75) Laurie Cumbo........................................................................ Ex-Officio Trustee	1.0 .......................0.0	X			0	0	0
(76) Paul Pineau From 31025........................................................................ General Counsel & Secretary	35.0 .......................0.0		X		0	0	0

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	12,141,100	0	1,837,735

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 563

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

Yes

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
BEYER BLINDER BELLE ARCHITECTS, 120 Broadway NEW YORK,NY10271	ARCHITECTS	9,861,719
ATRIUM STAFFING LLC, 625 Liberty Ave Suite 200 PITTSBURGH,PA15222	Temporary Staffing	2,488,550
KNIGHT ELECTRICAL SERVICE, 599 11th Avenue NEW YORK,NY10036	ELECTRICAL	2,315,968
ISLAND ACOUSTICS LLC, 518 Johnson Avenue BOHEMIA,NY11716	Construction Manager	2,292,239
SEIBOLD SECURITY INC, 12 Aqueduct Street ROCHESTER,NY14614	SECURITY	2,215,503
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 57

Form 990 (2024)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII.............

(A)
Total revenue

(B)
Related or
exempt
function
revenue

(D)
Revenue
excluded from
tax under sections
512 - 514

1a	Federated campaigns..		1a
b	Membership dues..		1b	27,651,640
c	Fundraising events..		1c	40,057,321
d	Related organizations		1d
e	Government grants (contributions)		1e	18,707,892

f	All other contributions, gifts, grants, and similar amounts not included above		1f	270,028,217

g	Noncash contributions included in lines 1a - 1f:$		1g	28,809,937

h Total. Add lines 1a-1f.......		356,445,070

		Business Code
2a	PROCEEDS FROM SALE OF ART	900099	1,705,572	1,705,572
b	EDUCATIONAL PRGMS, CONCERTS & LECTURES, DIGITAL	532000	1,038,504	1,038,504
c	CURATORIAL	541900	1,109,287	1,109,287
d	DEVELOPMENT PROGRAMMING	900099	369,750	369,750
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		4,223,113

3 Investment income (including dividends, interest, and othersimilar amounts) ......			90,091,379		16,482,984	73,608,395
4 Income from investment of tax-exempt bond proceeds			0
5 Royalties...........			758			758
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c	0	0
d	Net rental income or (loss).......			0
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a	1,269,909,988
b	Less: cost or other basis and sales expenses	7b	839,653,628
c	Gain or (loss)	7c	430,256,360
d	Net gain or (loss).........			430,256,360			430,256,360
8a	Gross income from fundraising events (not including $ 40,057,321of contributions reported on line 1c). See Part IV, line 18 ....
			8a	838,292
b	Less: direct expenses ...		8b	9,673,841
c	Net income or (loss) from fundraising events..			-8,835,549			-8,835,549
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a	0
b	Less: direct expenses ...		9b	0
c	Net income or (loss) from gaming activities..			0
10a	Gross sales of inventory, less returns and allowances ..
			10a	44,119,403
b	Less: cost of goods sold ..		10b	39,864,288
c	Net income or (loss) from sales of inventory..			4,255,116	3,195,786	1,059,330

Business Code
11a	RESTAURANT		722511	19,111,171			19,111,171
b	PARKING GARAGE		812930	3,317,337			3,317,337
c	OTHER		900099	8,503,282	6,315,617	2,187,665
d	All other revenue ....
e	Total. Add lines 11a–11d ......			30,931,790
12	Total revenue. See instructions.....			907,368,037	13,734,516	19,729,979	517,458,472

Form 990 (2024)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	2,273,208	2,273,208
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	49,500	49,500
4	Benefits paid to or for members .......	0
5	Compensation of current officers, directors, trustees, and key employees ...........	10,838,208	3,185,842	6,997,062	655,304
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	1,302,892	492,000	346,231	464,661
7	Other salaries and wages........	162,699,044	82,640,286	69,869,386	10,189,372
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	3,794,888	1,857,810	1,680,362	256,716
9	Other employee benefits .......	61,291,245	27,529,579	30,001,944	3,759,722
10	Payroll taxes ...........	11,696,597	5,726,138	5,179,209	791,250
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	1,574,887	134,702	1,440,185
c	Accounting ...........	870,515		870,515
d	Lobbying ...........	97,600			97,600
e	Professional fundraising services. See Part IV, line 17	117,620			117,620
f	Investment management fees ......	22,292,763		22,292,763
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	12,744,035	8,496,786	3,329,798	917,451
12	Advertising and promotion ....	6,941,565	1,058,323	3,085,785	2,797,457
13	Office expenses .......	28,811,781	21,354,057	6,149,870	1,307,854
14	Information technology ......	5,939,385	4,226,547	1,272,945	439,893
15	Royalties ..	0
16	Occupancy ...........	2,726,883	2,726,883
17	Travel ............	2,902,626	2,311,414	427,568	163,644
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	403,509	254,451	111,082	37,976
20	Interest ...........	14,050,256	11,405,189	2,450,089	194,978
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	51,707,456	47,127,085	4,398,060	182,311
23	Insurance ...	2,328,340	1,215,172	1,112,853	315
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PURCHASES OF ART	47,029,549	47,029,549
b	REPAIRS & MAINTENANCE	16,059,270	12,506,590	3,396,914	155,766
c	CATERING SERVICES	7,521,242	4,267,435	2,070,230	1,183,577
d	RESTAURANT EXPENSE	22,882,389		22,882,389
e	All other expenses	1,087,909	119,765	962,086	6,058
25	Total functional expenses. Add lines 1 through 24e	502,035,162	287,988,311	190,327,326	23,719,525
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2024)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........			29,313,620	1	22,376,676
2	Savings and temporary cash investments .........			7,775,633	2	7,125,162
3	Pledges and grants receivable, net ......			275,783,277	3	256,863,601
4	Accounts receivable, net .............			16,046,576	4	19,575,111
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			0	7	0
8	Inventories for sale or use ............			7,609,623	8	5,895,649
9	Prepaid expenses and deferred charges ......			5,702,934	9	7,013,989
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,440,851,953
b	Less: accumulated depreciation	10b	1,015,078,732	403,385,380	10c	425,773,221
11	Investments—publicly traded securities .			1,161,137,829	11	993,134,549
12	Investments—other securities. See Part IV, line 11 .....			4,064,873,594	12	4,634,378,894
13	Investments—program-related. See Part IV, line 11 ..			0	13	0
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			53,678,375	15	53,113,418
16	Total assets. Add lines 1 through 15 (must equal line 33)...			6,025,306,841	16	6,425,250,270

17	Accounts payable and accrued expenses .....	87,727,890	17	96,356,450
18	Grants payable ...	0	18	0
19	Deferred revenue .........	11,634,906	19	12,186,857
20	Tax-exempt bond liabilities .........	140,686,685	20	141,664,047
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21	0
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	24,304,000	23	31,420,000
24	Unsecured notes and loans payable to unrelated third parties ..	247,964,342	24	248,070,667
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	132,889,887	25	128,078,716
26	Total liabilities. Add lines 17 through 25..	645,207,710	26	657,776,737

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	1,501,803,218	27	1,642,268,807
28	Net assets with donor restrictions ...........	3,878,295,913	28	4,125,204,726
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	5,380,099,131	32	5,767,473,533
33	Total liabilities and net assets/fund balances ........	6,025,306,841	33	6,425,250,270

Form 990 (2024)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI..............

Total revenue (must equal Part VIII, column (A), line 12) ............

907,368,037

Total expenses (must equal Part IX, column (A), line 25) ............

502,035,162

Revenue less expenses. Subtract line 2 from line 1 ..............

405,332,875

Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..

5,380,099,131

Net unrealized gains (losses) on investments ...............

-16,951,334

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

-1,007,139

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))

5,767,473,533

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII.............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Form 990 (2024)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public
Inspection

Name of the organization

METROPOLITAN MUSEUM OF ART

Employer identification number

13-1624086

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2024

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	194,219,691	307,540,923	383,849,408	381,145,505	356,445,070	1,623,200,597
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....						0
3	The value of services or facilities furnished by a governmental unit to the organization without charge..	12,711,126	12,725,626	14,729,420	15,752,808	14,473,209	70,392,189
4	Total. Add lines 1 through 3	206,930,817	320,266,549	398,578,828	396,898,313	370,918,279	1,693,592,786
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..						0
6	Public support. Subtract line 5 from line 4.						1,693,592,786

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
7	Amounts from line 4..	206,930,817	320,266,549	398,578,828	396,898,313	370,918,279	1,693,592,786
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	36,502,901	33,295,493	63,998,311	80,219,232	73,609,153	287,625,090
9	Net income from unrelated business activities, whether or not the business is regularly carried on..						0
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..						0
11	Total support. Add lines 7 through 10						1,981,217,876

Gross receipts from related activities, etc. (see instructions) ..................

291,699,492

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2024 (line 6, column (f) divided by line 11, column (f)) .........

85.482 %

Public support percentage for 2023 Schedule A, Part II, line 14 ...............

85.661 %

16a

33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2024

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2024 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2023 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2024 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2023 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2024

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2024

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2024

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2024

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2024 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2024	(iii) Distributable Amount for 2024
1 Distributable amount for 2024 from Section C, line 6
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2024:
a From 2019.......
b From 2020.......
c From 2021.......
d From 2022.......
e From 2023.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2024 distributable amount
i Carryover from 2019 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2024 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2024 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2025. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2020.....
b Excess from 2021.....
c Excess from 2022.....
d Excess from 2023.....
e Excess from 2024.....

Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990) 2024

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

Name of the organization

METROPOLITAN MUSEUM OF ART

Employer identification number

13-1624086

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025) Page 2

Name of organization METROPOLITAN MUSEUM OF ART

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 3

Name of organization METROPOLITAN MUSEUM OF ART		Employer identification number 13-1624086

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 4


Name of organization METROPOLITAN MUSEUM OF ART			Employer identification number 13-1624086
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

right arrow

Complete if the organization is described below. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public
Inspection

If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

METROPOLITAN MUSEUM OF ART

Employer identification number

13-1624086

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

Political campaign activity expenditures. See instructions .................................................................... right arrow

Volunteer hours for political campaign activities. See instructions ..................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ right arrow

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... right arrow

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... right arrow

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ right arrow

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... right arrow

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

For Paperwork Reduction Act Notice, see the instructions for Form 990.

Cat. No. 50084S

Schedule C (Form 990) 2024

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check right arrow

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check right arrow

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(a) Filing organization's totals	(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................	17,472
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................	803,061
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................	820,533
d	Other exempt purpose expenditures ...............................................................................	550,752,759
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................	551,573,292
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.	1,000,000
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................	250,000
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................	0
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................	0
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................		Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2021	(b) 2022	(c) 2023	(d) 2024	(e) Total

2a	Lobbying nontaxable amount	1,000,000	1,000,000	1,000,000	1,000,000	4,000,000

b	Lobbying ceiling amount (150% of line 2a, column(e))					6,000,000

c	Total lobbying expenditures	282,146	312,920	327,901	820,533	1,743,500

d	Grassroots nontaxable amount	250,000	250,000	250,000	250,000	1,000,000

e	Grassroots ceiling amount (150% of line 2d, column (e))					1,500,000

f	Grassroots lobbying expenditures	17,066	15,442	17,501	17,472	67,481

Schedule C (Form 990) 2024

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? ...........................................................................................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Total. Add lines 1c through 1i ....................................................................................................

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................

Taxable amount of lobbying and political expenditures. See Instructions .........................................

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation

Schedule C (Form 990) 2024

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow

Attach to Form 990.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

METROPOLITAN MUSEUM OF ART

Employer identification number

13-1624086

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow

Number of states where property subject to conservation easement is located right arrow

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) (Rev. 1-2025)

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	4,518,105,085	4,223,596,638	4,067,815,298	4,348,589,376	3,261,957,741
b	Contributions ...	16,600,947	62,809,051	77,109,788	34,311,991	37,841,684
c	Net investment earnings, gains, and losses	458,637,654	413,028,636	246,424,611	-174,720,844	1,201,381,824
d	Grants or scholarships ...	3,638,029	3,544,724	3,338,634	3,368,476	3,031,628
e	Other expenditures for facilities and programs ...	169,115,172	169,785,419	157,162,763	131,177,365	149,560,245
f	Administrative expenses ....	8,450,205	7,999,097	7,251,662	5,819,384
g	End of year balance ......	4,812,140,280	4,518,105,085	4,223,596,638	4,067,815,298	4,348,589,376

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment right arrow

28.290 %

Permanent endowment right arrow

71.710 %

Term endowment right arrow

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	1,015,000		1,015,000
b	Buildings ....	42,995,789	34,392,034	8,603,755
c	Leasehold improvements	1,323,047,888	930,047,360	393,000,528
d	Equipment ....	73,793,276	50,639,338	23,153,938
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				425,773,221

Schedule D (Form 990) (Rev. 1-2025)

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) PRIVATE EQUITY	1,448,128,368	F
(B) REAL ASSETS	452,261,384	F
(C) EQUITY FUNDS	1,667,533,999	F
(D) HEDGE FUNDS	933,696,277	F
(E) FUND OF HEDGE FUNDS	132,758,866	F
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	4,634,378,894

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes	0
ANNUITY & SPLIT-INT OBLIGS.	13,548,473
PENSION AND OTHER ACCRUED RTRM	100,508,726
LEASE LIABILITY	14,021,517






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	128,078,716
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) (Rev. 1-2025)

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	664,083,913
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	-16,951,334
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ...........	2d	14,473,209
e	Add lines 2a through 2d .....................			2e	-2,478,125
3	Subtract line 2e from line 1..................			3	666,562,038
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b	240,805,999
c	Add lines 4a and 4b....................			4c	240,805,999
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	907,368,037

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	427,627,707
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ...........	2d	64,011,338
e	Add lines 2a through 2d....................			2e	64,011,338
3	Subtract line 2e from line 1...................			3	363,616,369
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ...........	4b	138,418,793
c	Add lines 4a and 4b.....................			4c	138,418,793
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	502,035,162

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
SCHEDULE D, PART III, LINE 1A	SFAS 116 FOOTNOTE IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE MUSEUM'S COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENT OF FINANCIAL POSITION, AND GIFTS OF ART OBJECTS ARE EXCLUDED FROM REVENUE IN THE STATEMENT OF ACTIVITIES. PURCHASES OF ART OBJECTS BY THE MUSEUM ARE RECORDED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PURSUANT TO STATE LAW AND MUSEUM POLICY, PROCEEDS FROM THE SALE OF ART AND RELATED INSURANCE SETTLEMENTS ARE RECORDED AS RESTRICTED NET ASSETS FOR THE ACQUISITION OF ART.
SCHEDULE D, PART III, LINE 4	DESCRIPTION OF ORGANIZATION'S COLLECTIONS & FURTHERANCE OF EXEMPT PURPOSE THE MUSEUM'S WORLD-CLASS ART COLLECTION SPANS THE GLOBE AND RANGES IN DATE FROM ANCIENT TO CONTEMPORARY ART. IT OFFERS A SURVEY OF CONSIDERABLE BREADTH OF ART FROM THE ANCIENT CIVILIZATIONS OF ASIA, AFRICA, SOUTH AMERICA, THE PACIFIC ISLANDS, EGYPT, THE NEAR EAST, AND GREECE AND ROME TO THE PRESENT TIME. THE MUSEUM'S COLLECTIONS INCLUDE EUROPEAN PAINTINGS, MEDIEVAL ART AND ARCHITECTURE, ARMS AND ARMOR, PRINTS, PHOTOGRAPHS, DRAWINGS, COSTUMES, MUSICAL INSTRUMENTS, SCULPTURE, TEXTILES, AND DECORATIVE ARTS FROM THE RENAISSANCE TO THE PRESENT TIME, AS WELL AS ONE OF THE FOREMOST COLLECTIONS OF AMERICAN ART IN THE WORLD. THE MUSEUM ALSO MAINTAINS SOME OF THE MOST COMPREHENSIVE ART AND ARCHITECTURE LIBRARIES IN THE UNITED STATES. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN.
SCHEDULE D, PART V, LINE 3A & 4	INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE MUSEUM'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT EDUCATIONAL PROGRAMS, SCHOLARLY RESEARCH AND PUBLICATIONS, ACQUISITIONS OF WORKS OF ART, CONSERVATION OF WORKS OF ART, SPECIAL EXHIBITS OF INTEREST TO THE PUBLIC, MAINTENANCE AND EXPANSION OF GALLERIES, AND GENERAL OPERATING SUPPORT FOR MUSEUM EXPENSES.
SCHEDULE D, PART XI, LINE 1	AUDITED FINANCIAL STATEMENTS INCLUDE $428,167,966 FROM OPERATING ACTIVITIES AND $235,915,947 FROM NON-OPERATING ACTIVITIES FOR REVENUE, GAINS AND OTHER SUPPORT. TOTAL PART XI, LINE 1 $664,083,913.
SCHEDULE D, PART XI, LINE 2D	RECONCILING ITEMS FOR REVENUE INCLUDE THE FOLLOWING: FEDERAL INDEMNIFICATION 1,221,012 UTILITIES PROVIDED BY THE CITY OF NEW YORK 13,252,197 ------------- TOTAL 14,473,209
SCHEDULE D, PART XI, LINE 4B	RECONCILING ITEMS FOR REVENUE INCLUDE THE FOLLOWING: MANAGEMENT FEES AND OTHER INVESTMENT EXPENSES 22,099,940 EXCESS INVESTMENT RETURN 247,408,346 COST OF SALES (39,864,288) FUNDRAISING EVENTS (9,673,841) PROCEEDS FROM SALE OF ART 1,705,572 2015 BOND RETURNS 712,685 CORPORATE SPECIAL EVENTS 1,202,855 MUSEUM LOANS 731,746 PARTNERSHIP UBIT 16,482,984 -------------- TOTAL 240,805,999
SCHEDULE D, PART XII, LINE 2D	RECONCILING ITEMS FOR EXPENSES INCLUDE THE FOLLOWING: COST OF SALES 39,864,288 FUNDRAISING EVENTS 9,673,841 FEDERAL INDEMNIFICATION 1,221,012 UTILITIES PROVIDED BY THE CITY OF NEW YORK 13,252,197 -------------- TOTAL 64,011,338
SCHEDULE D, PART XII, LINE 4B	RECONCILING ITEMS FOR EXPENSES INCLUDE THE FOLLOWING: DEPRECIATION AND MISCELLANEOUS NON-CAPITAL EXPENSES 48,321,327 PURCHASES OF ART 47,029,549 MANAGEMENT FEES AND OTHER INVESTMENT INCOME 22,099,940 INVESTMENT EXPENSES ON THE SERIES 2015 BOND 192,823 CORPORATE SPECIAL EVENTS 1,202,855 MUSEUM LOANS 731,746 EFFECT OF INTEREST RATE SWAP 13,733,910 NET PERIODIC PENSION AND POST RETIREMENT BENEFIT COST 5,106,643 ------------- TOTAL 138,418,793

Schedule D (Form 990) (Rev. 1-2025)

Additional Data

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SCHEDULE F(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right arrow

Attach to Form 990. Right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization
METROPOLITAN MUSEUM OF ART

Employer identification number

13-1624086

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in the region	(f) Total expenditures for and investments in the region
	Europe (Including Iceland and Greenland)	0	0	Grantmaking		49,500
	Europe (Including Iceland and Greenland)	0	0	Program Services	RESEARCH & EXHIBITIONS	944,722
	Sub-Saharan Africa	0	0	Program Services	RESEARCH & EXHIBITIONS	52,436
	East Asia and the Pacific	0	0	Program Services	RESEARCH & EXHIBITIONS	406,177
	South Asia	0	0	Program Services	RESEARCH & EXHIBITIONS	50,940
	South America	0	0	Program Services	RESEARCH & EXHIBITIONS	22,165
	Middle East and North Africa	0	0	Program Services	RESEARCH & EXHIBITIONS	136,442
	North America	0	0	Program Services	RESEARCH & EXHIBITIONS	16,229
	Central America and the Caribbean	0	0	Program Services	RESEARCH & EXHIBITIONS	766
	Central America and the Caribbean	0	0	Investments		1,837,615,034
	Europe (Including Iceland and Greenland)	0	0	Investments		20,701,696
	North America	0	0	Investments		11,220,915





3a	Sub-total ....	0	0			1,871,217,022
b	Total from continuation sheets to Part I ...
c	Totals (add lines 3a and 3b)	0	0			1,871,217,022

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)

Schedule F (Form 990) (Rev. 1-2025)

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance	(h) Description of noncash assistance	(i) Method of valuation (book, FMV, appraisal, other)

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) (Rev. 1-2025)

Schedule F (Form 990) (Rev. 1-2025)Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

	(b) Region	(c) Number of recipients	(d) Amount of cash grant	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)
T. Rousseau Fellowship	Europe (Including Iceland and Greenland)	2	49,500	N/A	N/A

Schedule F (Form 990) (Rev. 1-2025)

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) (Rev. 1-2025)

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation
MONITORING PROCEDURES - FORM 990, SCHEDULE F, PART I, LINE 2	THE MUSEUM AWARDS GRANTS, EDUCATIONAL TRAVEL STIPENDS, AND FELLOWSHIPS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. A GRANTS COMMITTEE, COMPRISED OF MUSEUM CURATORS, CONSERVATORS, EDUCATORS, SCIENTISTS, AND LIBRARIANS MAKES SELECTIONS BASED UPON COMPETITIVE WRITTEN APPLICATIONS. THE PURPOSE OF THE GRANTS ARE TO PROVIDE AN OPPORTUNITY FOR THE GRANTEES TO CONDUCT RESEARCH, EXTEND THEIR PROFESSIONAL KNOWLEDGE, AND CONTRIBUTE TO THEIR RESPECTIVE FIELDS AT LARGE. TO THE BEST OF THE MUSEUM'S KNOWLEDGE NONE OF THE RECIPIENTS OF THE GRANTS OR FELLOWSHIPS ARE RELATED TO ANY PERSON SUCH AS A TRUSTEE, AN OFFICER, OR A KEY PERSON OF THE MUSEUM. EVERY GRANTEE IS ASSIGNED A SPECIFIC SUPERVISOR AT THE START OF THE GRANTEE'S FELLOWSHIP PERIOD. THE SUPERVISOR IS EITHER A CURATOR, CONSERVATOR, OR SCIENTIST FROM THE DEPARTMENT HOSTING THE INDIVIDUAL GRANTEE. THE GRANTEE AND SUPERVISOR ARE IN CONTACT THROUGHOUT THE YEAR AND DISCUSS ALL OF THE DETAILS OF THE GRANTEE'S RESEARCH WORK. IN ADDITION, THE ACADEMIC AND PROFESSIONAL PROGRAMS OFFICE, WHICH IS RESPONSIBLE FOR ALL OF THE FELLOWS, REQUIRES PERIODIC UPDATES ON THE GRANTEE'S RESEARCH.

Schedule F (Form 990) (Rev. 1-2025)

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SCHEDULE G (Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization
METROPOLITAN MUSEUM OF ART

Employer identification number

13-1624086

Part I

Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

YesNo

If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)		(ii) Activity	(iii) Did fundraiser have custody or control of contributions?		(iv) Gross receipts from activity	(v) Amount paid to (or retained by) fundraiser listed in col. (i)	(vi) Amount paid to (or retained by) organization
			Yes	No
	SDA Teleservices	TELE- MARKETING		No	42,600	24,566	42,600
	NGK Global	Consultants		No	320,000	60,000	320,000








Total . . . . . . . . . . . . . . . . . . . .					362,600	84,566	362,600

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

AL, AK, AR, CA, CO, CT, DC, FL, GA, HI, IL, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, TN, VA, WA, WV, WI

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990) (Rev. 1-2025)

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 COSTUME INSTITU (event type)	(b) Event #2 ARTS & ARTISTS (event type)	(c) Other events 8 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	31,155,459	4,872,089	4,868,065	40,895,613
2	Less: Contributions . . . .	31,016,197	4,707,604	4,333,520	40,057,321
3	Gross income (line 1 minus line 2) . . . . . .	139,262	164,485	534,545	838,292

4	Cash prizes . . . . .
5	Noncash prizes . . . .
6	Rent/facility costs . . . .
7	Food and beverages . . .	4,056,562	747,971	932,511	5,737,044
8	Entertainment . . . .	1,258,295	2,500	105,420	1,366,215
9	Other direct expenses . . .	1,656,062	208,852	705,668	2,570,582
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .				9,673,841
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .				-8,835,549

Part III

Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .

2	Cash prizes . . . . .
3	Noncash prizes . . . .
4	Rent/facility costs . . . .
5	Other direct expenses . . .

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

Enter the state(s) in which the organization conducts gaming activities:

Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .

YesNo

If "Yes," explain:

Schedule G (Form 990) (Rev. 1-2025)

Page 3

Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? . . . . . . . . . . . . . . . . .

YesNo

Indicate the percentage of gaming activity conducted in:

The organization's facility . . . . . . . . . . . . . . . . . .

13a

An outside facility . . . . . . . . . . . . . . . . . . . .

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? . . . . . . . . . . . . . . . . . . . . . . . .

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . . . . . . . . .

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.

Return Reference	Explanation
SCHEDULE G, PART II, LINE 11 AND FORM 990, PART VIII, LINE 8	NOTE THE $8,835,549 LOSS PRESENTED ABOVE DOES NOT INCLUDE THE $40,057,321 OF CONTRIBUTIONS WHICH RESULTED IN A NET GAIN FROM THESE EVENTS OF APPROXIMATELY $31.2 MILLION.

Schedule G (Form 990) (Rev. 1-2025)

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Schedule I
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization
METROPOLITAN MUSEUM OF ART

Employer identification number
13-1624086

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) Rev. 1-2025

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1) The Bothmer Fellowship	1	7,417	N/A	N/A
(2) Sylvan C. and Pamela Coleman Memorial Fellowship	8	199,417	N/A	N/A
(3) Chester Dale Fellowship	5	156,417	N/A	N/A
(4) The Douglass Foundation Fellowship	2	49,500	N/A	N/A
(5) Andrew W. Mellon Art History Fellowship	12	340,970	N/A	N/A
(6) Andrew W. Mellon Conservation Fellowship	9	190,750	N/A	N/A
(7) Research Scholarship in Photograph Conservation Fe	1	9,083	N/A	N/A
(8) J.Clawson Mills Fellowship	6	130,167	N/A	N/A
(9) Slifka Foundation Fellowship	2	48,167	N/A	N/A
(10) Jane and Morgan Whitney Fellowship	7	129,341	N/A	N/A
(11) Mellon Supplemental Fellowship Funds	62	323,048	N/A	N/A
(12) Gerald and May Ritter Memorial Fund Fellowship	1	12,167	N/A	N/A
(13) Diamonstein Speilvogel Fellowship	3	21,750	N/A	N/A
(14) Leonard A. Lauder Postdoctoral Fellowship	5	74,833	N/A	N/A
(15) Leonard A. Lauder Predoctoral Fellowship	3	169,527	N/A	N/A
(16) Leonard A. Lauder Distinguished Scholar	4	224,303	N/A	N/A
(17) Leonard A. Lauder Publications	1	46,770	N/A	N/A
(18) Hanns Swarzenski and Brigitte Horney Fellowship	2	49,500	N/A	N/A
(19) Sherman Fairchild Foundation Fellowship	1	90,083	N/A	N/A

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

MONITORING PROCEDURES - FORM 990, SCHEDULE I, PART I, LINE 2

THE MUSEUM AWARDS GRANTS, EDUCATIONAL TRAVEL STIPENDS AND FELLOWSHIPS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. A GRANTS COMMITTEE, COMPRISED OF MUSEUM CURATORS, CONSERVATORS, EDUCATORS, SCIENTISTS AND LIBRARIANS, MAKE SELECTIONS BASED UPON COMPETITIVE WRITTEN APPLICATIONS. THE PURPOSE OF THE GRANTS IS TO PROVIDE AN OPPORTUNITY FOR THE GRANTEES TO CONDUCT RESEARCH, EXTEND THEIR PROFESSIONAL KNOWLEDGE AND CONTRIBUTE TO THEIR RESPECTIVE FIELDS AT LARGE. TO THE BEST OF THE MUSEUM'S KNOWLEDGE, NONE OF THE RECIPIENTS OF THE GRANTS OR FELLOWSHIPS ARE RELATED TO ANY PERSON SUCH AS A TRUSTEE, AN OFFICER, OR A KEY EMPLOYEE OF THE MUSEUM. EVERY GRANTEE IS ASSIGNED A SPECIFIC SUPERVISOR AT THE START OF THE GRANTEE'S FELLOWSHIP PERIOD. THE SUPERVISOR IS EITHER A CURATOR, CONSERVATOR OR SCIENTIST FROM THE DEPARTMENT HOSTING THE INDIVIDUAL GRANTEE. THE GRANTEE AND SUPERVISOR ARE IN CONTACT THROUGHOUT THE YEAR AND DISCUSS ALL OF THE DETAILS OF THE GRANTEES' RESEARCH WORK. IN ADDITION, THE ACADEMIC AND PROFESSIONAL PROGRAMS OFFICE WHICH IS RESPONSIBLE FOR ALL OF THE FELLOWS REQUIRES PERIODIC UPDATES ON THE GRANTEES' RESEARCH.

Schedule I (Form 990) Rev. 1-2025

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Schedule J
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic

Attach to Form 990.
medium right arrow graphic

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

METROPOLITAN MUSEUM OF ART

Employer identification number

13-1624086

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) (Rev. 1-2025)

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1Lauren A Meserve SVP & CHIEF INVESTMENT OFFICER	(i) (ii)	735,037 ------------- 0	908,770 ------------- 0	2,622 ------------- 0	521,543 ------------- 0	12,331 ------------- 0	2,180,303 ------------- 0	435,232 ------------- 0
2Max Hollein Director & CEO	(i) (ii)	1,405,484 ------------- 0	0 ------------- 0	399,102 ------------- 0	37,950 ------------- 0	29,184 ------------- 0	1,871,720 ------------- 0	0 ------------- 0
3Lawrence Choi SENIOR INVESTMENT OFFICER	(i) (ii)	496,476 ------------- 0	417,706 ------------- 0	1,026 ------------- 0	289,903 ------------- 0	29,297 ------------- 0	1,234,408 ------------- 0	165,506 ------------- 0
4Kenly Voght SENIOR INVESTMENT OFFICER	(i) (ii)	488,216 ------------- 0	600,000 ------------- 0	881 ------------- 0	37,950 ------------- 0	28,681 ------------- 0	1,155,728 ------------- 0	0 ------------- 0
5Jameson Kelleher COO, CFO AND TREASURER	(i) (ii)	701,706 ------------- 0	0 ------------- 0	101,710 ------------- 0	48,005 ------------- 0	13,213 ------------- 0	864,634 ------------- 0	0 ------------- 0
6Whitney Donhauser DEP DIR & CHF ADVANCEMENT OFF	(i) (ii)	597,326 ------------- 0	0 ------------- 0	4,902 ------------- 0	37,950 ------------- 0	29,297 ------------- 0	669,475 ------------- 0	0 ------------- 0
7Sharon H Cott SVP,SECRTRY&GEN.CNSL to 4/1/25	(i) (ii)	514,576 ------------- 0	0 ------------- 0	7,524 ------------- 0	48,005 ------------- 0	28,570 ------------- 0	598,675 ------------- 0	0 ------------- 0
8Quincy Houghton DEP DIR FOR EXH & INT'L INITIA	(i) (ii)	412,522 ------------- 0	0 ------------- 0	6,331 ------------- 0	48,005 ------------- 0	28,935 ------------- 0	495,793 ------------- 0	0 ------------- 0
9Daniel H Weiss PRESIDENT AND CEO TO 6/30/23	(i) (ii)	322,000 ------------- 0	0 ------------- 0	170,000 ------------- 0	0 ------------- 0	0 ------------- 0	492,000 ------------- 0	0 ------------- 0
10Stephen Martin Mannello Head of Retail & Global Licens	(i) (ii)	423,061 ------------- 0	0 ------------- 0	4,225 ------------- 0	34,500 ------------- 0	28,982 ------------- 0	490,768 ------------- 0	0 ------------- 0
11Kenneth Weine SVP & CHF COMM OFF TO 12/31/23	(i) (ii)	178,614 ------------- 0	0 ------------- 0	286,047 ------------- 0	9,795 ------------- 0	0 ------------- 0	474,456 ------------- 0	0 ------------- 0
12Andrea Bayer DEPUTY DIR, COLLECTIONS/ADMIN	(i) (ii)	381,264 ------------- 0	0 ------------- 0	8,627 ------------- 0	39,031 ------------- 0	28,375 ------------- 0	457,297 ------------- 0	0 ------------- 0
13David Breslin Curator in Charge	(i) (ii)	334,429 ------------- 0	60,000 ------------- 0	1,145 ------------- 0	37,950 ------------- 0	22,188 ------------- 0	455,712 ------------- 0	0 ------------- 0
14Kerry Mullins CHIEF HR OFFICER	(i) (ii)	373,848 ------------- 0	0 ------------- 0	2,000 ------------- 0	37,950 ------------- 0	28,322 ------------- 0	442,120 ------------- 0	0 ------------- 0
15Jhaelen Hernandez Eli VP, CAPITAL PROJECTS To 1/3/25	(i) (ii)	373,386 ------------- 0	0 ------------- 0	862 ------------- 0	37,950 ------------- 0	28,447 ------------- 0	440,645 ------------- 0	0 ------------- 0
16Inka Drogemuller DEP DIR FOR AUDIENCE ENGAGEMEN	(i) (ii)	385,467 ------------- 0	0 ------------- 0	3,775 ------------- 0	37,893 ------------- 0	11,900 ------------- 0	439,035 ------------- 0	0 ------------- 0
17Steven R Ryan CHIEF TECHNOLOGY OFFICER	(i) (ii)	350,676 ------------- 0	0 ------------- 0	5,373 ------------- 0	48,005 ------------- 0	28,645 ------------- 0	432,699 ------------- 0	0 ------------- 0
18Rishi Agnani Deputy Chief Human Resources	(i) (ii)	295,558 ------------- 0	50,000 ------------- 0	673 ------------- 0	43,099 ------------- 0	27,929 ------------- 0	417,259 ------------- 0	0 ------------- 0
19H Sujin Kim DEP GEN CNSL & ASST SECRECTARY	(i) (ii)	326,470 ------------- 0	0 ------------- 0	1,683 ------------- 0	36,325 ------------- 0	1,630 ------------- 0	366,108 ------------- 0	0 ------------- 0

Schedule J (Form 990) (Rev. 1-2025)

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
SCHEDULE J, PART I, LINE 1A	TRAVEL FOR COMPANIONS - COMPANION OR SPOUSAL TRAVEL IS PROVIDED ONLY IN LIMITED CIRCUMSTANCES WHERE THE TRAVEL SERVES AN ESSENTIAL BUSINESS PURPOSE OF THE MUSEUM. FOR CALENDAR YEAR 2024, THE DIRECTOR TRAVELED WITH HIS SPOUSE ON TWO BUSINESS TRIPS FOR WHICH THE COST OF THE FLIGHT (OR A PORTION THEREOF) WAS COVERED BY THE MUSEUM. IN BOTH CASES, THE SPOUSAL TRAVEL WAS DEEMED TO HAVE AN ESSENTIAL BUSINESS PURPOSES AND THEREFORE SUCH TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION. PERSONAL HOUSING - FOR CALENDAR YEAR 2024, THE MUSEUM PROVIDED A HOUSING ALLOWANCE TO THE DIRECTOR, MAX HOLLEIN. THIS ALLOWANCE WAS TREATED AS TAXABLE COMPENSATION.
SCHEDULE J, PART I, LINE 4A	IN CALENDAR YEAR 2024, KENNETH WEINE RECEIVED A SEVERANCE PAYMENT OF $204,880.
SCHEDULE J, PART I, LINE 4B	THE FOLLOWING PERSONS PARTICIPATED IN, RECEIVED CREDITS TO, OR RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2024: MAX HOLLEIN - $144,200 JAMESON KELLEHER - $100,000
SCHEDULE J, PART I, LINE 7	PURSUANT TO THE MUSEUM'S INCENTIVE COMPENSATION PLAN FOR INVESTMENT STAFF, SENIOR VICE PRESIDENT AND CHIEF INVESTMENT OFFICER LAUREN MESERVE RECEIVED A BONUS PAYMENT OF $908,770; SENIOR INVESTMENT OFFICER LAWRENCE CHOI RECEIVED A BONUS PAYMENT OF $417,706; AND SENIOR INVESTMENT OFFICER KENLY VOGHT RECEIVED A BONUS PAYMENT OF $600,000 WHICH ARE INCLUDED IN SCHEDULE J, PART II COLUMN B.
SCHEDULE J, PART II, COLUMN (C)	COLUMN (C) INCLUDES DEFERRED COMPENSATION AS FOLLOWS: A BONUS PAYMENT FOR LAUREN MESERVE OF $473,538, A BONUS PAYMENT FOR LAWRENCE CHOI OF 252,200, AND A BONUS PAYMENT FOR KENLY VOGHT OF $250,000. THIS DEFERRED COMPENSATION MAY BE FORFEITED IF THE RECIPIENT LEAVES THE MUSEUM'S EMPLOYMENT BEFORE IT IS PAID. THE EXACT AMOUNT IS SUBJECT TO ADJUSTMENT BASED ON THE PERFORMANCE OF THE ENDOWMENT FUND.

Schedule J (Form 990) (Rev. 1-2025)

Additional Data

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- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax-Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization
METROPOLITAN MUSEUM OF ART

Employer identification number
13-1624086

Part Ⅰ

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	TRUST FOR CULTURAL RESOURCES OF THE CITY OF NY	91-1882413	649717NP6	12-01-2006	65,000,000	PARTIAL FUNDING OF CAPITAL PROJECT		X		X		X
B	Trust for Cultural Resources of the City of NY	91-1882413	649717NQ4	12-01-2006	65,000,000	PARTIAL FUNDING OF CAPITAL PROJECT		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................	0		0
2 Amount of bonds legally defeased ..............	0		0
3 Total proceeds of issue ..................	65,000,000		65,000,000
4 Gross proceeds in reserve funds .............	0		0
5 Capitalized interest from proceeds .............	0		0
6 Proceeds in refunding escrows ...............	0		0
7 Issuance costs from proceeds ...............	795,690		795,690
8 Credit enhancement from proceeds .............	0		0
9 Working capital expenditures from proceeds .............	0		0
10 Capital expenditures from proceeds .............	64,204,310		64,204,310
11 Other spent proceeds .............	0		0
12 Other unspent proceeds .............	0		0
13 Year of substantial completion .............
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue of tax-exempt bonds (or, if issued prior to 2020, a current refunding issue)? ........		X		X
15 Were the bonds issued as part of an advance refunding issue of taxable bonds (or, if issued prior to 2020, an advance refunding issue)? ........		X		X
16 Has the final allocation of proceeds been made? ..........	X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X		X

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) (Rev. 1-2025)

Page 2

Part Ⅲ

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............		X		X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............		X		X
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............	X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?	X		X
c Are there any research agreements that may result in private business use of bond-financed property? .............		X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....	0 %		0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government .........
6 Total of lines 4 and 5 .............
7 Does the bond issue meet the private security or payment test? ...		X		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............		X		X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? ........	X		X

Part Ⅳ

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...		X		X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......
b Exception to rebate? ........	X		X
c No rebate due? .........
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate computation was performed ......
3 Is the bond issue a variable rate issue? .....	X		X

Schedule K (Form 990) (Rev. 1-2025)

Page 3

Part Ⅳ

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X		X
b Name of provider ..........	0		0
c Term of hedge .........
d Was the hedge superintegrated? ......
e Was the hedge terminated? ........
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?		X		X
b Name of provider ..........	0		0
c Term of GIC .........
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........
6 Were any gross proceeds invested beyond an available temporary period?		X		X
7 Has the organization established written procedures to monitor the requirements of section 148? ...	X		X

Part Ⅴ

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X		X

Part Ⅵ

Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).

Return Reference	Explanation
Schedule K, Part III. Lines 4-6, Private Business and Unrelated Use	THE MUSEUM PERFORMS A DETAILED PRIVATE BUSINESS AND UNRELATED USE CALCULATION. THE MUSEUM CALCULATED ITS PRIVATE BUSINESS AND UNRELATED USE FOR THE FISCAL YEAR ENDED JUNE 30, 2025 TO BE NEARLY 0% IN TAX EXEMPT BOND-FINANCED SPACE. THIS ANALYSIS EXCLUDES COST OF ISSUANCE.

Schedule K (Form 990) (Rev. 1-2025)

Additional Data

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Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

Name of the organization

METROPOLITAN MUSEUM OF ART

Employer identification number

13-1624086

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....	X	154	0
2 Art—Historical treasures .
3 Art—Fractional interests ..	X	3	0
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	159	28,809,937	MKT VALUE- GIFT DATE
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( )
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

Yes

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2024)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation
SCHEDULE M, PART I, COLUMN (B)	THE AMOUNTS SHOWN IN PART I, COLUMN (B) FOR "NUMBER OF CONTRIBUTIONS" REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS AND NOT NECESSARILY THE TOTAL NUMBER OF ITEMS CONTRIBUTED.
USE OF THIRD PARTIES - FORM 990, SCHEDULE M, PART I, LINE 32B	The Museum may, from time to time, sell art works acquired as non-cash contributions through third parties such as public auction houses, private dealers, or individuals. In each case, the Museum enters into a contract or agreement with the third party conducting or participating in the sale and adheres to its own published policy regarding such sales as well as applicable IRS laws and standards of accounting.
NON-REVENUE CONTRIBUTIONS - FORM 990, SCHEDULE M, PART I, LINE 33	In accordance with FASB's SFAS 116, the Museum does not treat donations of property of the types described in Part I of Schedule M as revenue or capitalize its collections because they are used to support its non-profit educational mission, and, should the property be sold, generally, proceeds from such sale would be used solely to acquire other items for the collection. These accounting standards are also endorsed by the American Alliance of Museums and the Association of Art Museum Directors (AAMD), of which organizations the Museum is a member.

Schedule M (Form 990) (2024)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization

METROPOLITAN MUSEUM OF ART

Employer identification number

13-1624086

Return Reference	Explanation
FORM 990, PART III - PROGRAM SERVICES	The Metropolitan Museum of Art was founded on April 13, 1870, with a statement of purpose that has guided it for over 150 years: "to be located in the City of New York, for the purpose of establishing and maintaining in said city a Museum and library of art, of encouraging and developing the study of the fine arts, and the application of arts to manufacture and practical life, of advancing the general knowledge of kindred subjects, and, to that end, of furnishing popular instruction." The Met is devoted to a universal collection of art in the service of the public. During the 2022 strategic-planning process, the need for an updated, more inclusive and welcoming mission statement with a more tightly articulated expression of that purpose became apparent. To that end, on May 10, 2022, the Trustees of The Metropolitan Museum of Art reaffirmed the above statement of purpose and supplemented it with the following statement of mission: "The Metropolitan Museum of Art collects, studies, conserves, and presents significant works of art across time and cultures in order to connect all people to creativity, knowledge, ideas, and one another." In this context, we recognize that our position as one of just a few universal art museums brings both renown and great responsibilities, especially in a period when the public looks to us for meaning and inspiration. Our achievements in fiscal year 2025 underscored not only our commitment to fulfilling these responsibilities but to doing so in an exemplary and visionary way, as a leading global arts institution like The Met must. In fiscal year 2025, The Met welcomed 5.7 million visitors, 5 percent more than last year, a testament to the excellence and attraction of our programming across all of our spaces. We also made significant progress in a number of capital projects that will reshape the Museum for generations to come, as The Met's two-million-square-foot Fifth Avenue location stands at the threshold of an essential transformation. With the opening in May of the new Michael C. Rockefeller Wing for the arts of Africa, the ancient Americas, and Oceania, the Museum experience has been totally reimagined, and the forward-thinking trend will continue in coming years with the opening of the Oscar L. Tang and H.M. Agnes Hsu-Tang Wing, The Met's new space for international modern and contemporary art, in 2030; a new special exhibition gallery in the Great Hall in 2026, with a new 83rd Street entrance and reimagined spaces for dining and retail in a later phase; and new Galleries for the Art of Ancient West Asia and the Art of Ancient Cyprus in 2027. These superb new spaces will highlight the collection and tell new stories through art, while improving visitor experience, infrastructure, and sustainability. ON-SITE ATTENDANCE With over 5.7 million visitors to its two locations-The Met Fifth Avenue and The Met Cloisters-in fiscal year 2025, the Museum's overall attendance grew by 5 percent compared to last year, and for the second consecutive year, local visitorship (New York, Connecticut, and New Jersey residents) exceeded pre-pandemic figures-a 109 percent recovery compared to 2019. Local attendance made up 62 percent of all visitors in fiscal year 2025, while domestic out-of-state visitors accounted for 23 percent. The Museum also tracked its highest single-day attendance since 2017 on opening day of The Michael C. Rockefeller Wing, May 31, 2025, when 33,700 visitors came to The Met. The Thomas J. Watson Library saw 9,903 visits by outside researchers in fiscal year 2025 and welcomed 2,764 new outside researchers. The Museum libraries circulated 66,907 items to readers and continued to digitize rare collection materials, both printed and manuscript, and to make them available online, averaging 190,819 hits per month. Deepening and strengthening relationships with local communities continues to be a core strategic goal for the Museum. The Government Affairs department meets this objective through a multipronged approach, including welcoming elected officials, community leaders, neighbors, local and outer-borough residents, and other individuals, many of whom may not traditionally have seen themselves reflected here. The department also offers unique opportunities to explore the galleries, meet curators, engage with art, and connect with staff and collections alike during Community Wednesdays (when the Museum is closed to the public), at after-hours events, and on days when the Museum is open late. The Government Affairs team also facilitates the Museum's role as a cooling center in the summer, a warm refuge in the winter, and a polling site for local residents for primary and general elections. These initiatives brought over 6,000 New Yorkers to the Museum in fiscal year 2025. Participating groups ranged from veterans, seniors, and teenagers to Special Olympics participants, migrant families, and elected officials, reaching audiences across all five boroughs of New York City and throughout Long Island. COLLECTION AND ACQUISITIONS The Met collection is the heart of the Museum, informing all of our programming. Its depth and diversity make it possible to tell the widest range of stories and engage ever more meaningfully with our audience. In fiscal year 2025, we made several notable additions to the collection, including: For the Department of Greek and Roman Art, we acquired a marble statue of Pan of outstanding quality that presents a rare composition and was made around the second century; for the Department of European Sculpture and Decorative, the Claudius Tazza, a gilded silver dish from 1587-99 that was likely crafted in Antwerp for a member of the Habsburg dynasty who asserted sovereignty by tracing their lineage back to imperial Rome; for the Department of European Paintings, one of only eight paintings by Ambrosius Bosschaert, the founding father of Dutch flower painting, that combine still life and landscape, Bouquet of Flowers, from 1620; for the Department of Asian Art, a large group of exceptional 18th-century Chinese color prints from Suzhou that will transform the Museum into one of just five essential destinations in the world for the study of early modern Chinese print culture; for the Department of Islamic Art, a painting by Osman Hamdi Bey (1842-1910), an Ottoman polymath and painter trained in Paris who painted in the French academic technique through Ottoman eyes, that is the first work by the artist to join The Met collection, At the Mosque Door, from 1879; and three works for the Department of Modern and Contemporary Art: a painting by Harlem Renaissance painter Laura Wheeler Waring-Girl in Pink Dress, from about 1927; one of Francis Picabia's early "Monster" paintings, L'Elegance, a celebrated series of vibrant, tongue-in-cheek compositions that occupied the artist beginning in 1924-25; and a work by Lorna Simpson, a striking painting that belongs to the artist's newest body of work, produced in 2024 during preparations for her recent solo exhibition at The Met, Lorna Simpson: Source Notes. THE MET COLLECTION AND CULTURAL PROPERTY With a vast and ever-evolving collection of more than 1.5 million objects from around the globe-from ancient to contemporary times-The Met is a truly universal museum. As such, we hold and care for important resources of world culture and are committed to the responsible collecting of art and the shared stewardship of the world's cultural heritage. Our work in this area is guided by a suite of initiatives and goals related to cultural property and collecting practices that we announced in spring 2023. These include expanding staff resources-The Met now has the largest provenance research team of any museum in the world-a focused, proactive review of works in the collection; engaging with countries around the world; and using The Met's platform to support and contribute to public discourse on this topic.
FORM 990, PART III - PROGRAM SERVICES	The Museum has long engaged with countries around the globe as part of its commitment to the shared stewardship of the world's cultural heritage, and in recent years has established a number of key international partnerships. These include agreements with India, Thailand, Nigeria, Korea, and the Republic of Italy. For example, this year, following collaborative research, The Met and The Hellenic Republic of Greece announced in February 2025 the return of a seventh-century BCE Bronze Head of a Griffin to Greece, which will be loaned back to The Met for an exhibition in 2026. This follows an already-in-progress landmark 50-year partnership that The Met and Greece have with the Greek government and the Museum of Cycladic Art regarding Leonard N. Stern's Collection of Cycladic art that brought 161 stunning Cycladic artifacts from the Leonard N. Stern Collection-which includes nearly all the major types of Cycladic marble figurines representing the Late Neolithic period to the end of the Early Bronze Age-to The Met for a long display and includes a series of cultural exchanges and opportunities. For example, in February of this year, as part of the Museum's Cultural Heritage Now convening series, we presented a panel discussion between The Met and Greece in "The Cyclades at The Met, a New Model of Collaboration," featuring Met curators and scientists, representatives from the Hellenic Ministry of Culture, and others. As another example this fiscal year, in September 2024 the Museum announced a loan agreement whereby 14 ancient sculptures that a private collector in New Zealand voluntarily repatriated to the Republic of Yemen would be transferred to The Met. At the Museum, the works-from the Hague family collection-will be studied and catalogued until Yemen requests their return. The loan follows the historic custodial agreement established between The Met and Yemen in 2023, whereby The Met is now caring for and displaying two ancient stone works that the Museum had repatriated from its own collection after provenance research led by Met scholars established that the works rightfully belong to the Republic of Yemen. As part of a commitment to transparency, The Met has launched object webpages for all restituted works of art, specifying that the object has been returned and to what country. EXHIBITIONS AND PUBLICATIONS In fiscal year 2025, the Museum's exhibitions team mounted 38 exhibitions and installations. Groundbreaking major commissions and fresh explorations of historically important artists shared the lineup with innovative and thematic presentations to make new connections in art across time periods, from ancient to modern. The following exhibitions were among the highlights in fiscal year 2025: Chinese Painting and Calligraphy: Selections from the Collection; Mary Sully: Native Modern; Ink and Ivory: Indian Drawings and Photographs Selected with James Ivory; The Three Perfections: Japanese Poetry, Calligraphy, and Painting from the Mary and Cheney Cowles Collection; A Decade on Paper: Recent Acquisitions, 2014-2024; The Genesis Facade Commission: Lee Bul, Long Tail Halo; Mexican Prints at the Vanguard; Man-dalas: Mapping the Buddhist Art of Tibet; Paris through the Eyes of Saint-Aubin; Materialized Space: The Architecture of Paul Rudolph; Siena: The Rise of Painting, 1300-1350; Floridas: Anastasia Samoylova and Walker Evans; Jesse Krimes: Corrections; Flight into Egypt: Black Artists and Ancient Egypt, 1876-Now; Art Work: Artists Working at The Met; The Great Hall Commission: Tong Yang-Tze, Dialogue; Colorful Korea: The Lea R. Sneider Collection; Celebrating the Year of the Snake; Democratizing Prints: The JoAnn Edinburg Pinkowitz Gift; Caspar David Friedrich: The Soul of Nature; Recasting the Past: The Art of Chinese Bronzes, 1100-1900; Monstrous Beauty: A Feminist Revision of Chinoiserie; The New Art: American Photography, 1839-1910; The Roof Garden Commission: Jennie C. Jones, Ensemble; Sargent and Paris; Superfine: Tailoring Black Style; Defensive Display: Shields from The Met Collection; Lorna Simpson: Source Notes; City and Country: Selections from the Department of Drawings and Prints; Iba Ndiaye: Between Latitude and Longitude; and Making It Modern: European Ceramics from the Martin Eidelberg Collection. Irving Penn: Centennial traveled to A Corua, Spain (November 23, 2024-May 1, 2025) and From Impressionism to Early Modernism: French Masterpieces from the Robert Lehman Collection at The Metropolitan Museum of Art traveled to the National Palace Museum, Taipei (June 14-October 12, 2025). The Publications and Editorial Department produced 19 new titles and 6 reprints, displaying a remarkable breadth of topics and formats. Among these were the highly successful exhibition catalogues Caspar David Friedrich: The Soul of Nature, which went into a second printing, and Sargent and Paris, which went into three printings; the acclaimed Costume Institute publication, Superfine: Tailoring Black Style; along with such boundary-pushing exhibition catalogues as Flight into Egypt: Black Artists and Ancient Egypt, 1876-Now; Lorna Simpson: Source Notes; Monstrous Beauty: A Feminist Revision of Chinoiserie; and Materialized Space: The Architecture of Paul Rudolph. Other notable publications include How to Read African Textiles, published to coincide with the opening of The Michael C. Rockefeller Wing, and The Three Perfections: Japanese Poetry, Calligraphy, and Painting, as well as two volumes published simultaneously in both English and Spanish: the monograph Suspended Moment: The Architecture of Frida Escobedo and the Bulletin Mexican Prints at the Vanguard. Exemplifying the critical acclaim garnered by our books, the catalogue Juan de Pareja won the prestigious Jonathan Brown Award and The Harlem Renaissance and Transatlantic Modernism was shortlisted for the Alfred H. Barr Jr. Award, while Hidden Faces, Mandalas: Mapping the Buddhist Art of Tibet, and Sargent and Paris were named "Best Books of the Year" by the Times Literary Supplement, The New York Times, and the Observer. The online platform MetPublications continued to be an essential resource for students and scholars, with 700,000 global visitors annually, more than half of whom visited for the first time. EDUCATION In fiscal year 2025, the Education Department again engaged audiences through a wide range of innovative programming, presenting 15 percent more events than last year. A total of 581,117 visitors-a 26 percent increase over fiscal year 2024-attended 25,999 on-site events at The Met Fifth Avenue and The Met Cloisters, while 89,910 engaged virtually in hybrid events and programs offered exclusively online. Deepening longstanding relationships with local communities and partner organizations is foundational to our work, and this year we advanced cultural engagement and fostered a sense of belonging among several historically excluded audiences, welcoming over 500 visitors for 21 exclusive exhibition and collection tours. Participating community partners-such as the Center for Art and Advocacy, Black Girls in Art Spaces, and South Asian Youth Action-also received complimentary passes to encourage return visits. October's Da de Muertos Celebration at The Met Cloisters drew over 3,000 attendees, the highest number of visitors there since it reopened in 2020. Community partners from across the five boroughs offered programs in Spanish and English. After six years, our Civic Practice Partnership residency concluded this year. An initiative supported by The William R. Kenan Jr. Charitable Trust, it allowed eight artists and collectives based in the Bronx, Bedford-Stuyvesant, Crown Heights, Chinatown, and East Harlem to collaborate with their neighbors on projects inspired by The Met collection, with the final cohort of artists-Brooklyn Hi-Art! Machine, OlaRonke Akinmowo, and Alethea Pace-presenting their culminating projects this year. In March 2025, the new Vacheron Constantin Artisan Residency launched with Aspen Golann, Joy Harvey, and Ibrahim Said selected for the 18-month program, which will culminate in the production of an original work of art and interactive programs with the public. We also redoubled our efforts to bring Met programs directly to the community by participating in the annual Harlem Week Children's Festival and Harlem Grown's Earth Day Celebration, hosting the Fourth Annual Toy Drive with Union Settlement in East Harlem, and curating a holiday dinner at Refettorio Harlem to mark the loan of Henry Ossawa Tanner's artwork Thankful Poor from the Art Bridges Foundation. A total of over 1,200 New Yorkers were served through these offsite engagements.
FORM 990, PART III - PROGRAM SERVICES	In offsite programs related to exhibitions, we hosted two exhibition preview conversations celebrating the Costume Institute's Superfine: Tailoring Black Style, at the Apollo Stages in Victoria Theater in Harlem and the Billie Holiday Theatre in Brooklyn. The Harlem conversation focused on the cultural and historic style legacy of the neighborhood and featured Harlemites Jonathan McCrory of the National Black Theatre, historian and fashion icon Lana Turner, and bandleader Dandy Wellington. It attracted 180 with over 100 people joining the livestream and 7,000 views of the recording. The Brooklyn conversation featured the exhibition design duos Ev Bravado and Tla D'Amore of Who Decides War, and Dynasty and Soull Ogun of L'Enchanteur. The Billie Holiday Theatre sold out with an audience of 200, with 100 people joining the livestream and over 3,000 views of the recording. The exhibition Monstrous Beauty: A Feminist Revision of Chinoiserie inspired a partnership with Mott Street Girls for guided walking tours in Chinatown-visiting murals on Doyers Street and a multigenerational family-owned porcelain shop from the 1890s run by the fifth-generation owner, a former Met Civic Practice Partnership Artist in Residence, Mei Lum. Both tours sold out, with 60 people participating. This year's large-scale Museum-wide festivals included our annual Met Fall Fest, Lunar New Year, and Museum Mile, drawing over 40,000 visitors of all ages for performances, art making, talks, and connection with over 25 community partners. On May 31, the Museum marked the reopening of the new Michael C. Rockefeller Wing with a day-long celebration that saw a record 33,000 visitors in a single day. Activities included live music, talks, artist demonstrations and drop-in art making, and film screenings, engaging scholars and artists from the three collection regions as well as the wing's architect Kulapat Yantrasast in conversation with Met leadership. The Museum again served as a cultural hub for young people. Our popular Teens Take The Met! engaged 3,285 teens this year in activities led by 62 cultural and community-based organizations and 15 internal department collaborators; the teen copyist program inspired 24 teens; and our regular Teen Fridays drew 690 New York City teens in a laboratory for creative and social exploration. The Your Met Art Box program, designed to reduce isolation and foster wellness among New York City's elderly population, continues to expand. Presented in partnership with the New York City Department for the Aging, it grew by 44 percent, bringing monthly art-making activities and conversations to 104 older adult centers. The program engaged over 1,800 participants, several of whom subsequently visited the Museum for the first time, compliments of The Met. Our Discoveries workshops engage children and adults on the autism spectrum and their care-givers, and this year Education partnered with the Musical Instruments Galleries for live music listening opportunities in the gallery and the chance to create instruments in conjunction with the Jennie C. Jones Roof Garden Commission. As always, The Met remained an essential resource for teaching, training, and learning at all levels. This year, more than 184,945 K-12 teachers and students participated in 98 virtual and 37,053 in-person guided tours of The Met collection, and 147,794 in self-guided tours. In addition, more than 1,181 teachers and school leaders participated in programs focused on integrating art into the classroom and further strengthened multidisciplinary art learning to attract educators from a wider variety of disciplines. Advancing research and scholarship and supporting professional development is another priority of the Education Department. The reopening of the Rockefeller Wing galleries was an opportunity to welcome 14 university faculty and administrators for a behind-the-scenes tour of the galleries while under construction and serve as a resource for university faculty as both scholars and educators. This fiscal year, we hosted 113 high school interns and 97 undergraduate and graduate interns for paid internships in over 20 departments, providing training, networking, and community building opportunities. We also hosted 21 high school scholars from 20 different New York City Housing Authority developments from Manhattan, Queens, Brooklyn, and the Bronx for a 40-hour internship as part of The Met NYCHA Art and Culture Scholars leadership development program. We also continued to strengthen our commitment to research in support of our fellowship program, hosting 38 international fellows-scholars, conservators, and scientists-from 11 different countries in 22 departments. This year's annual series Research Out Loud: Met Fellows Present drew over 1,600 visitors online and in person. We also awarded nine travel grants to Met staff for research and professional development related to their work. Exhibitions are also crucial laboratories for innovative interpretive projects. Advance audience research for Sargent and Paris led us to create an analog interactive inspired by the Paris Salon of 1884. Visitors were invited to reflect, sketch, or critique their experience in the exhibition and leave it for others to see. The interactive inspired 10,000+ responses. In conjunction with Mandalas: Mapping the Buddhist Art of Tibet, a class of 15 students explored mindfulness and connections between art and Buddhist devotional images in a uniquely Met program that also included a study of brain activity during moments of calm. A week-long Teen Studio fashion design intensive drew 17 high school students to create designs inspired by Sleeping Beauties: Reawakening Fashion, culminating with a fashion show in which the designers walked the runway in their ensembles. And 45 K-12 educators explored Mexican Prints at the Vanguard, focusing on works and themes and making prints with an artist from the organization New Latin Wave in anticipation of developing classroom connections for their students. Interdisciplinary programs that combine external viewpoints with expert Met staff perspectives included an exciting range of high-profile speakers, expanding audience understanding and sparking new connections for 17,500 in-person visitors and 88,000 online. A dialogue between classicist Mary Beard and filmmaker Martin Scorsese explored their mutual interest in the ancient Roman world and inspiration found in objects in The Met's Greek and Roman collection. Composer John Zorn shared a powerful performance accompanying a reading of Walt Whitman's Leaves of Grass prompted by the exhibition A New Art: American Photography, 1839-1910. Writer, animal expert, and autism advocate Temple Grandin shared her groundbreaking work on visual thinking and made connections to the works on view by Dakota artist Mary Sully. We also piloted Met Expert Talks en Espaol led by Spanish-speaking curators, conservators, artists, and scholars, engaging over 250 participants. Topics in our daylong symposia and Creative Convenings, where external scholars and artists share perspectives and knowledge, ranged from chia oil in colonial Mexican artworks to how Black artists have engaged with ancient Egypt over the last 150 years, to a critical look at the historical style of Chinoiserie and its afterlives, and American photography from 1839 to the first decade of the 20th century. The programs drew 1,260 in person and almost 6,000 online. The International Residency program expanded beyond Africa this year to bring seven scholars from seven countries in Africa, South America, and Europe to The Met to consult on research and interpretive projects related to The Michael C. Rockefeller Wing reopening and works in The Met's Cycladic collection. Families with young children continue to be a priority audience as we develop the next generation of art lovers. In fiscal year 2025, the 81st Street Studio, our discovery and play space, welcomed 200,000 visitors and has become a hub for families with children from infants to upper elementary school age. Over 9,000 attended Storytime programs, and the studio was also a resource for New York City's public schools, engaging 852 students for 24 class visits, almost 60 percent of which were from Title I schools in New York City. Monthly Family Afternoons provided learning opportunities for 1,700 young people and their families. The March program celebrated Women in STEAM, featuring Met staff in Scientific Research and Objects Conservation departments and a software engineer who worked on digital offerings in the 81st Street Studio.
FORM 990, PART III - PROGRAM SERVICES	LIVE ARTS The Museum's Department of Live Arts presented a total of 84 performances in fiscal year 2025-83 percent of which were offered free with Museum admission-and reached a total audience of nearly 8,000 visitors. Among the highlights in this year's MetLiveArts season were several major projects that showcased the Museum's collection and iconic spaces. In a first for The Met, live performance was featured as an integral part of a major exhibition in the form of a dedicated gallery called the Performance Pyramid within the exhibition Flight into Egypt: Black Artists and Ancient Egypt, 1876-Now. In the space, 11 live performance events featured artists in the genres of music, theater, dance, and performance art, resulting in a documentary history of Black performance art incorporating ancient Egyptian themes. At The Met Cloisters, Live Arts commissioned and presented two large-scale, site-specific works: Primero Sueo, a new processional opera by Paola Prestini and Magos Herrera based on the writings of the medieval Mexican nun Sor Juana Inez de la Cruz; and Forest of Metal Objects,a site-specific percussion piece by Michael Gordon that took advantage of The Met Cloisters' unique acoustical properties, combining them with theatrical and choreographic staging by Paul Lazar and Annie B. Parson. The Met Cloisters was also the site of a three-night marathon performance of eminent composer Philip Glass's complete string quartets, performed by the acclaimed ensemble Brooklyn Rider, and Glass himself attended the first night of the cycle. DIGITAL The Museum's website ended fiscal year 2025 with 29 million users, of which 35 percent were international. The most visited sections of the website were The Met Collection, the Heilbrunn Timeline of Art History, exhibition information, and ticketing. The Digital Department focused on enhancing the user experience across these key areas, introducing new features and design improvements tailored to diverse audiences. Highlights included citation buttons on Timeline essays to support students and more scannable layouts on exhibition pages to aid visit planners. In support of the reopening of The Michael C. Rockefeller Wing, the Digital Department launched an impressive slate of interpretive content that had been in the making for several years. In video, the team published 16 videos that were directed by filmmaker Sosena Solomon and co-produced with the World Monuments Fund about vital conservation and preservation work across Africa; three animated maps that visualize the complex and interconnected histories of migration and trade in Africa, Oceania, and the ancient Americas; three videos that provide virtual tours of objects in the collection; and a host of artist profile and archival videos. The team also produced a suite of articles and essays to coincide with the reopening, three video tours of the galleries, and three audio guides, including a Spanish-language version for the Arts of the Ancient Americas. The second season of The Met's narrative nonfiction podcast Immaterial featured eight new episodes highlighting important works from The Met collection and experts from diverse backgrounds. Since the launch of Immaterial in 2022, it has accumulated more than 310,000 downloads resulting in more than 3 million minutes of total listening time by roughly 37,000 unique listeners. The department's video production teams continued to produce engaging stories in popular formats, such as artist interviews, exhibition tours, and stories about conservation. We also launched new video initiatives this year-YouTube Shorts and YouTube Podcasts-that contributed to an overall gain of 52,000 subscribers and 29 million minutes of engagement time. Again this year, the Digital Department commissioned prominent authors to write personal essays reflecting on The Met collection and published pieces from a number of authors. The team also produced and published videos featuring renowned novelist Amor Towles, Nobel Prize-winning writer Orhan Pamuk, and famed designer Todd Oldham. The Digital Department supports special exhibitions with a wide range of content. In fiscal year 2025, the team produced audio guides for Siena: The Rise of Painting (1300-1350); Caspar David Friedrich: The Voice of Nature Within; Monstrous Beauty: A Feminist Revision of Chinoiserie; The New Art: American Photography 1839-1910; and Sargent and Paris. The audio guides were made available for free on the website's exhibition and audio guide pages, contributing to over 114,000 total listeners on the website. The team also produced audio guides for The American Wing at 100 reinstallation as well as the Leonard N. Stern Collection of Cycladic Art. The Museum's social media reach is broad: its Instagram has more than 4.5 million followers, X (formerly Twitter) has more than 4.1 million followers, Facebook has more than 2.3 million followers, LinkedIn has more than 430,000 followers, and TikTok reached more than 1.2 million followers. This year the Museum expanded its digital reach by redoubling efforts on Chinese-language social media platforms Weibo and WeChat, garnering 66,500 and 27,500 followers, respectively. CAPITAL PROJECTS In fiscal year 2025 the Museum's Capital Projects Department saw major milestones in a number of transformative projects that constitute the most ambitious change to The Met campus since the completion of the Roche Dinkeloo masterplan in the 1990s. Nearly a quarter of the Museum's spaces is in the process of being transformed. The Michael C. Rockefeller Wing was completed and opened to the public in May 2025. The project transforms how the Museum presents its collections of the art of sub-Saharan Africa, the ancient Americas, and Oceania, and also consisted of major upgrades to the building's infrastructure, including the construction of a new sloped glass wall on the south side of the Museum. Construction began in 2021, and the project was overseen by the design architect Kulapat Yantrasast of the firm WHY, with Beyer Blinder Belle Architects LLP serving as executive architect. The Oscar L. Tang and H.M. Agnes Hsu-Tang Wing continued to progress through the design phase, with architect Frida Escobedo working closely with the curatorial teams and Capital Projects and leadership staff to further develop a cohesive concept design proposal for the new wing, which will prioritize the presentation of 20th- and 21st-century art in 75,000 square feet of gallery space and 7,500 square feet of exterior terrace space. Following the conclusion of the schematic design phase in fall 2024, the Museum began an extensive outreach process to elected officials and community advocacy groups. After successful meetings with numerous Community Boards, the Landmarks Preservation Commission approved the plans for the new Tang Wing and work to prepare for the demolition of the existing building, including art deinstallation, is now underway. Construction has begun on the reimagined galleries for the Art of Ancient West Asia and the Art of Ancient Cyprus. The project will introduce an innovative and forward-thinking approach to presenting art from a vast region that includes ancient Iraq, Iran, Turkey, Syria, the Eastern Mediterranean coast, Yemen, and Central Asia. Boston-based architectural firm NADAAA, led by principal designer Nader Tehrani, is overseeing the project, which includes significant modifications to the skylights and attics above. The galleries have been closed for art deinstallation and are scheduled to reopen in 2027. In other major projects that are now underway, The Met Store adjacent to the Great Hall closed in January 2025 for construction of a new 11,500-square-foot gallery that will display the Costume Institute's annual spring show and, at times, shows from other curatorial departments. The new Great Hall gallery is on track to open in May 2026. The other components of the Great Hall Project continued through the design phase this fiscal year. The project will encompass the activation of the Museum's entrance at 83rd Street and Fifth Avenue to allow for easier public access into the Museum and also includes the reconfiguration of the spaces for dining and The Met Store. The project is being overseen by the firms Peterson Rich Office and Beyer, Blinder, Belle Architects LLP. At a time when the world increasingly looks to us for meaning and inspiration, our Trustees and staff-their dedication, deep knowledge, and quest for excellence-are the reason we are able to fulfill our mission and provide our global audience with truly impactful opportunities for experiencing the art, cultures, and narratives that shape our times.
FORM 990, PART VI, LINE 1A - VOTING RIGHTS	GOVERNING BODY DELEGATED AUTHORITY IN ACCORDANCE WITH THE MUSEUM'S BY-LAWS, THE EXECUTIVE COMMITTEE HAS THE RIGHT TO EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES OTHER THAN THE POWERS TO (A) FILL VACANCIES IN THE BOARD OF TRUSTEES OR IN ANY COMMITTEE; (B) AMEND OR REPEAL THE BY-LAWS OR ADOPT NEW BY-LAWS;(C) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE; (D) ELECT OR REMOVE TRUSTEES OR OFFICERS; (E) APPROVE A MERGER OR PLAN OF DISSOLUTION; (F) ADOPT A RESOLUTION AUTHORIZING ACTION ON THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL THE ASSETS OF THE MUSEUM; OR (G) APPROVE AMENDMENTS TO THE CHARTER.
FORM 990, PART VI, LINE 2 - FAMILY OR BUSINESS RELATIONSHIP	THE FOLLOWING TRUSTEES OF THE MUSEUM HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER: BLAIR EFFRON AND SACHA LAINOVIC.
FORM 990, PART VI, LINE 4 - SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS	In October 2024, the Board of Trustees voted to amend the Museum's By-Laws to provide, among other things, an increase in the number of individuals that may serve as Elective Trustees (sixty rather than forty-five).
FORM 990, PART VI, LINE 6 - MEMBERS OF THE ORGANIZATION	GOVERNING BODY AND MANAGEMENT THE MUSEUM DOES NOT HAVE "MEMBERS" AS SUCH TERM IS DEFINED IN THE INSTRUCTIONS TO FORM 990. HOWEVER, THE MUSEUM USES THE TERM "MEMBERS" IN CONNECTION WITH DUES, FEES, GOODS, BENEFITS, PRIVILEGES AND SERVICES AS ESTABLISHED BY THE MUSEUM FROM TIME TO TIME.
FORM 990, PART VI, LINE 11B - REVIEW PROCESS	PROCESS THE ORGANIZATION USES TO REVIEW THE FORM 990 THE MUSEUM'S FORM 990, INCLUDING REQUIRED SCHEDULES AND SUPPORTING DOCUMENTATION, IS INITIALLY COMPILED BY THE MUSEUM'S FINANCE DEPARTMENT PRIMARILY RELYING ON THE MUSEUM'S GENERAL LEDGER, AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL SYSTEMS. THE MUSEUM'S CONTROLLER, CHIEF FINANCIAL OFFICER, GENERAL COUNSEL, AND EXTERNAL TAX ADVISORS PARTICIPATE IN A SERIES OF DETAILED REVIEWS OF THE FORM 990. THE FORM 990 IS ALSO REVIEWED BY THE MUSEUM'S SENIOR MANAGEMENT, INCLUDING THE MUSEUM'S DIRECTOR AND CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER, AND THE AUDIT COMMITTEE OF THE MUSEUM'S BOARD OF TRUSTEES. A COMPLETE COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. THE MUSEUM'S EXTERNAL TAX ADVISORS FILE THE FORM 990 ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, LINE 12C - CONFLICT OF INTEREST	CONFLICT OF INTEREST POLICY THE MUSEUM REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY REQUIRING ONGOING DISCLOSURE OF POTENTIAL CONFLICTS, REVIEW OF SUCH DISCLOSURES, AND RECUSAL BY CONFLICTED INDIVIDUALS WHEN WARRANTED. SPECIFICALLY, ON AN ANNUAL BASIS, THE MUSEUM SEEKS TO ENSURE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY SENDING RELEVANT WRITTEN POLICIES TO SELECT STAFF, INCLUDING INVESTMENT AND SENIOR STAFF, TRUSTEES AND ADVISORY MEMBERS OF COMMITTEES OF THE BOARD OF TRUSTEES. EACH POLICY IS SENT WITH A STATEMENT, WHICH MUST BE COMPLETED, SIGNED AND RETURNED TO THE MUSEUM'S GENERAL COUNSEL. THE STATEMENT REQUIRES EACH INDIVIDUAL TO CONFIRM THAT HE OR SHE HAS (I) RECEIVED A COPY OF THE POLICY, (II) READ AND UNDERSTOOD THE POLICY AND (III) AGREES TO COMPLY WITH THE POLICY. THE INDIVIDUAL IS ALSO ASKED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST THAT HE OR SHE OR A MEMBER OF HIS OR HER FAMILY, OR AN ENTITY IN WHICH ANY OF THEM HAVE A MATERIAL OWNERSHIP INTEREST, MAY HAVE. THE STATEMENTS ARE COMPLETED AND RETURNED TO THE GENERAL COUNSEL'S OFFICE. WHEN POTENTIAL CONFLICTS ARISE, THEY ARE INITIALLY EVALUATED BY THE GENERAL COUNSEL WITH THE ASSISTANCE OF OUTSIDE LEGAL COUNSEL IF NECESSARY. ACTUAL CONFLICTS OF INTEREST ARE GENERALLY RESOLVED ULTIMATELY IN CONSULTATION WITH THE MUSEUM'S DIRECTOR AND CHIEF EXECUTIVE OFFICER (FOR SELECT STAFF), THE CHAIR OF THE LEGAL COMMITTEE OF THE MUSEUM'S BOARD OF TRUSTEES AND THE GENERAL COUNSEL(FOR TRUSTEES AND SELECT STAFF) OR THE CO-CHAIRS OF THE BOARD (FOR THE DIRECTOR AND CHIEF EXECUTIVE OFFICER). IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. A SUMMARY OF THE POTENTIAL CONFLICTS OF INTEREST DISCLOSED BY THE TRUSTEES ARE PRESENTED TO THE AUDIT COMMITTEE EACH YEAR. A SUMMARY OF THE POTENTIAL CONFLICTS OF INTEREST DISCLOSED BY SELECT STAFF IS PRESENTED TO THE DIRECTOR AND CHIEF EXECUTIVE OFFICER EACH YEAR.
FORM 990, PART VI, LINES 15A AND 15B - COMPENSATION REVIEW PROCESS	COMPENSATION REVIEW THE COMPENSATION COMMITTEE ("THE COMMITTEE") OF THE MUSEUM'S BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF COMPENSATION AND BENEFITS PROGRAMS FOR THE MUSEUM'S OFFICERS, AND FOR ENSURING THAT THE COMPENSATION POLICIES OF THE MUSEUM ARE CONSISTENT WITH AND IN SUPPORT OF THE MUSEUM'S MISSION, VALUES AND LONG-TERM GOALS. THE INTENT OF THE COMMITTEE IS TO PROVIDE A TOTAL COMPENSATION PROGRAM FOR THE OFFICERS THAT PROMOTES THE MUSEUM'S LONG-TERM OBJECTIVES, AND IS REASONABLE, APPROPRIATE AND FAIR. ANNUALLY, AN INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE REVIEW THE TOTAL COMPENSATION OF EACH OFFICER OF THE MUSEUM. THE INDEPENDENT COMPENSATION CONSULTANT MAKES RECOMMENDATIONS WITH RESPECT TO THE TOTAL COMPENSATION OF EACH OFFICER, AND THE COMMITTEE APPROVES THE COMPENSATION. COMPENSATION DECISIONS ARE MADE WITH REFERENCE TO COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE ROLES AT SIMILARLY SITUATED ORGANIZATIONS PRESENTED BY THE INDEPENDENT COMPENSATION CONSULTANT. THE INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE ALSO CONSIDER OTHER RELEVANT FACTORS IN DETERMINING COMPENSATION, INCLUDING THE MUSEUM'S MISSION AND GOALS, THE PERFORMANCE OF EACH OFFICER AND THE MARKET FOR EXECUTIVE TALENT. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MEETING MINUTES. THE COMMITTEE COMPLIES WITH THE "REBUTTABLE PRESUMPTION" PROCEDURES SET FORTH IN SECTION 4958 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, FOR ESTABLISHING THAT COMPENSATION IS PRESUMED TO BE REASONABLE.
FORM 990, PART VI, SECTION C, LINE 19 - GOVERNING DOCUMENTS	PUBLIC AVAILABILITY OF OTHER DOCUMENTS THE MUSEUM'S AUDITED FINANCIAL STATEMENTS AND ANNUAL REPORT ARE MADE AVAILABLE TO THE PUBLIC ON THE MUSEUM'S WEBSITE. THE MUSEUM MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.
PART XI, LINE 9, OTHER CHANGES IN NET ASSETS	CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 1,613,755 UNREALIZED GAINS AND LOSSES ON 2015 BOND RETURNS 10,369,727 NET RECLASSIFICATIONS, FEES, AND OTHER 270,852 PENSION - RELATED CHANGES OTHER THAN NPPC 4,198,873 CHANGE IN FAIR VALUE OF INTEREST RATE EXCHANGE AGREEMENTS (977,362) PARTNERSHIP UBIT (16,482,984) ------------ TOTAL (1,007,139)

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

METROPOLITAN MUSEUM OF ART

Employer identification number

13-1624086

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)Jayne Wrightsman Trust 10 S Dearborn IL1-0111 Chicago,IL60603 36-7746339	Met Support	NY	501(c)(3)	12A, Type I	Met Museum	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) (Rev. 1-2025)

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) CHARITABLE REMAINDER TRUSTS (11)	TRUST	NY	NA	TRUST					No
(2) TERM TRUSTS (1)	TRUST	NY	NA	TRUST					No
(3) PERPETUAL TRUST (6)	TRUST	NY	NA	TRUST					No

Schedule R (Form 990) (Rev. 1-2025)

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Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

Yes

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) Jayne Wrightsman Trust	A	3,294,854	FMV

Schedule R (Form 990) (Rev. 1-2025)

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Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) (Rev. 1-2025)

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Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No