In the 1980s, the museum added a conservation lab to its premises. This allowed the museum to care for the garments and textiles in the collection. The name of the museum changed from Design Laboratory to the Museum at FIT in the 1990s.
From the 1970s to present the museum has held exhibitions like Fashion and Surrealism, which was curated by Richard Martin, and The Corset: Fashioning the Body, which is one of many exhibits that have been curated by the current museum director Dr. Valerie Steele. Currently, the exhibition Minimalism/Maximalism is showing at the Museum from May 28, 2019, to November 16, 2019.