MoMA Director Has it Made
MoMA’s Glenn Lowry may be the luckiest leader of a cultural non-profit in NYC.
It feels good to be Glenn Lowry. The New York Times suggests the Museum of Modern Art director may be the luckiest cultural non-profit leader in New York City, for not only did he receive $2 million in salary last year for his MoMA duties, he also lives in a $6 million condo above the museum on which he doesn’t pay taxes. Lowry, however, isn’t the only one. American Museum of Natural History president Ellen V. Futter lives in a $5 million tax-free apartment on the East Side, and Metropolitan Museum of Art director Thomas P. Campbell resides in a $4 million tax-free co-op across from the museum. All of these institutions claim that the free housing can be tax-free since the spaces are used by their directors to wine and dine donors as part of their job. Law professor Daniel S. Goldberg tells The Times the exemption isn’t often taken because “they seem to stretch the purpose of the ‘business premises’ exclusion in the tax code.”
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