SPECIAL TRUST SUPPLEMENTED MOMA DIRECTOR’S PAY

For more than eight years, between 1995 and 2003, MoMA director Glenn Lowry received payments in amounts ranging from $35,800 to $3.5 million a year from a special trust created by MoMA trustees David Rockefeller, Agnes Gund, and Ronald Lauder, reports the New York Times‘ Stephanie Strom. These payments were in addition to Lowry’s normal salary, bonus, and benefits, which totaled $1.28 million in the year for which figures are most recently available. Last year, the trust payments attracted questions from the New York State attorney general’s office, though the state has since declared itself satisfied with the trust’s response. “I’ve never seen anything like it before in my life,” said William Josephson, a lawyer who was previously in charge of the state attorney general office’s charities bureau.