Getty Center
In 2005, the Los Angeles Times printed a series of articles about how the Getty Trust and its president Dr. Barry Munitz were spending money. However, the California Attorney General investigated of the Getty Trust and found that no laws had been broken. The trust agreed to appoint a person from outside the Trust to review how money would be spent in the future. The Getty Trust experienced financial difficulties in 2008 and 2009 and cut 205 of 1,487 budgeted staff positions to reduce expenses. Although the Getty Trust endowment reached $6.4 billion in 2007, it dropped to $4.5 billion in 2009.