Big Cuts At SFMOMA

“The San Francisco Museum of Modern Art plans to cut its exhibitions by as much as 25 percent in the wake of an expected $1 million budget deficit for 2003 and stock market losses that have left its endowment fund $13.9 million in the red. SFMOMA, which has built an international reputation in the past decade, will gradually reduce its exhibits from about 25 per year to perhaps 18 to bring its spending in line with the shrinking economy and the realities of the museum business.”