One Way to Get a Free Fifth Avenue Co-op

morning blog One Way to Get a Free Fifth Avenue Co op Good work if you can get it.

The heads of the Met, the Natural History Museum and MoMA live in tax-free Manhattan housing, on their employers’ dime. From The Times this morning:

In addition to her $877,000 compensation package, Ellen V. Futter, president of the American Museum of Natural History, lives rent free in a $5 million East Side apartment that the museum bought when she came aboard.

The Metropolitan Museum of Art houses its director, Thomas P. Campbell, in a $4 million co-op that it owns across Fifth Avenue from the museum.

The director of the Museum of Modern Art, Glenn D. Lowry, may have the best deal of all. In addition to the $2 million in salary and benefits he earned last year, he lives in a $6 million condo in the tower atop the museum.

The tax-free part? The directors are required to live nearby, so, like other workers such as college presidents and motel managers, they get the break.

Read the story here.

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