in July 2023. Board Although the City of New York owns the museum building and contributes utilities, heat, and some of the cost of guardianship, the collections are owned by a private corporation of fellows and benefactors which totals about 950 people. The museum is governed by a board of trustees of 41 elected members, several officials of the City of New York, and persons honored as trustees by the museum. The current co-chairs of the board, Candace Beinecke and Hamilton E. James, were elected in 2021. Other notable trustees include Anna Wintour, Richard Chilton, Candace Beinecke, Alejandro Santo Domingo, as well as former New York City mayor Bill de Blasio, and his appointee Ken Sunshine. The activities of board of trustees are organized and based upon the activities of the individual trustees and their various committees as of 2016. The several committees of the board of trustees include the committees listed as Nominating, Executive, Acquisitions, Finance, Investment, Legal, Education, Audit, Employee Benefits, External Affairs, Merchandising, Membership, Building, Technology, and The Fund for the Met. Finances As of 2021, the museum's endowment as administered by the museum's new investment officer Lauren Meserve is US$3.3 billion which provides much of the income for operations while admissions account for only 13 percent of revenue as of fiscal 2016. The 2009–10 operating budget was $221 million. The museum admission price as of March 2018 is $25 for out-of-state and foreign visitors, while New York state residents can pay what they wish to enter. Although subject to re-assessment, a 1970 agreement between the museum and the city of New York requires New York state visitors to pay at least a nominal amount; a penny is acceptable. The Met's finance committee is led by Hamilton E. James of The Blackstone Group, who is also one of the board members at the Met. The Met is reported to have an Aaa credit rating, the highest such rating possible. This was last affirmed by Moody's in 2015. In 2019, museum president Daniel Weiss announced that the institution would review its policy for receiving financial donations, under pressure from activist group P.A.I.N. for the role that cultural institutions have played in whitewashing the Sackler family by receiving their donations. The museum announced it would remove the Sackler name from locations within the museum in December 2021. 2015–2018 setbacks In September 2016, the Wall Street Journal first reported financial