The first Monday in May is a huge part of the fashion social calendar. Every year, the Met Gala is thrown at the Metropolitan Museum of Art to benefit the Costume Institute. The event raises huge amounts of money, but is it just an excuse for capitalist worship of excess?
No, the Met Gala is not distastefulShow moreShow less
The Met Gala is a fun way to raise money for the Metropolitan Museum of Art.
The Met Gala at its core is a massive charity event. The event itself is formally entitled Costume Institute Gala or the Costume Institute Benefit. All proceeds from the event go to New York City’s Metropolitan Museum of Art’s Costume Institute. Since the beginning of Anna Wintour’s role as co-chair of the Gala, she has helped to raise an estimated 200 million dollars for the Costume Institute.
Each year the Met Gala raises six to seven figures. As such, the event has consistently been the Institute’s largest source of annual funding for many years. This money goes towards maintaining the institute’s vast fashion collection as well as chiefly being used towards hosting the spring exhibition at the museum.
Additionally, some designers also auction off their Met Gala gowns and donate the proceeds to charity. For example, in 2018, Balmain designer Olivier Rousteing sold all of his Met Gala designs and donated the proceeds to RED, an organization working to raise awareness to eliminate HIV/AIDS.