MFA Is Rich, Bitches!

Harvard's not the only rich institution in town - or at least they have some competition. The Museum of Fine Arts received a gift of $10 million bucks from the State Street Corp.

In return, the MFA will rename the Fenway entrance the "State Street Fenway Entrance" and open it after leaving it closed for 20 years. That's an appropriate gesture, but we thought that the MFA would blow it all with a spending spree at Sotheby's. The MFA has loftier goals than buying a little art here and there - the money will go to their current expansion, which includes a "70-foot-high glass spine." Hub Review provides a contrarian perspective and doesn't think the MFA has proven that they can spend heaps of cash wisely.

The MFA started a campaign to raise $415 million, and, with the State Street Corp. gift, they are only $85 million away. The gift from State Street Corp. proves that the MFA has some serious sweet-talkers on staff.