How Trump's policies have helped crater financial outlook for museums: L.A. arts and culture this weekend [Los Angeles Times (CA)]
NVIDIA Corporation (NVDA)
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Source: Los Angeles Times
and financial performance are trending in the wrong direction for the first time since the pandemic. More than half of museums reported receiving fewer visitors than in 2019; and nearly one-third noted decreased attendance this year attributed to a drop in travel and tourism as well as the economic uncertainty brought on in part by tariffs, inflation and market instability. AAM, which represents art and history museums, as well as science centers and zoos, surveyed 511 museum directors to cull its findings, which included a sobering section illustrating the impact of the sweeping federal policies and funding cuts implemented by the Trump administration. “One-third of museums (34%) have suffered the cancellation of government grants or contracts, most frequently from the Institute of Museum and Library Services, the National Endowment for the Humanities, and the National Endowment for the Arts,” a synopsis of the report reads. “Only 8% of affected museums report that lost federal
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