Quote:
Originally Posted by BRENT in 10-uh-C
What I have learned over the years is the HF is a much larger entity than just a museum. What I have been told is they have like 1½ million guests per year, and while an admission fee of $25-$30 multiplied by that amount would be astronomical, I have been told their operating money is actually generated more from philanthropy and estate donations. It would not surprise me one bit if their annual budget is not $50M, -or even more. Skipping a meal at the restaurants there likely takes less than a dollar or so commission away from the HF. Not sure if that will be noticed by the few of us Fordbarners that will actually visit the campus during lunch time.  |
You can look up their annual report
here. Their 2019 operating budget was $73.5m, of which $16m revenue was derived from restaurants. AFAIK the HF does operate the restaurants itself, so it's not just a lease or commission they're getting from the purchases.