The Met Gala , formally called Name_conferral the Costume Institute Gala and also known as the Met Ball , is an annual fundraising gala for the benefit Earnings_and_losses of the Metropolitan Museum of Art 's Costume Institute in New York City .

The Met Gala , formally called Name_conferral the Costume Institute Gala and also known as the Met Ball , is an annual fundraising gala for the benefit Earnings_and_losses of the Metropolitan Museum of Art 's Costume Institute in New York City .

It marks Recording the opening Openness of the Costume Institute 's annual fashion exhibit Social_event .

Each year 's event Social_event celebrates Social_event the theme of that year 's Costume Institute exhibition Social_event , and the exhibition Social_event sets Placing the tone for the formal dress Wearing of the night , since guests are expected to choose Choosing their fashion to match Connect the theme of the exhibit Social_event .

The Met Gala was established Creating in 1948 as a way to raise Cause_change_of_position_on_a_scale money for the newly-founded Costume Institute and mark Recording the opening Openness of its annual exhibit Social_event .

Based upon the legacy left Giving by former `` Vogue '' editor-in-chief Diana Vreeland as `` special consultant '' to the Costume Institute , since 1973 the Met Gala has become Becoming well known Know as a luxurious , blockbuster event Social_event and is considered `` the jewel in New York City 's social crown '' .

Costume designer Arianne Phillips designed Creating the costumes , supported Supporting by a number of famous designers and brands .