Cultural Institutions

Spending less time on Wall Street and in unofficial semiretirement after 1901, Morgan turned his energies to collecting art and supporting a wide range of cultural institutions, including The Metropolitan Museum of Art, the American Museum of Natural History, the Metropolitan Opera, the American Academy in Rome, and the Wadsworth Atheneum in Hartford, Connecticut.

In March 1880, ten years after its founding, New York's Metropolitan Museum of Art was established in permanent quarters in Central Park. Morgan was elected a trustee of the museum in 1888 and served as its president from 1904 until his death in 1913. Under his leadership, the museum began an ambitious acquisition program.