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Beyonce attends the “Schiaparelli And Prada: Impossible Conversations” Costume Institute Gala at the Metropolitan Museum of Art on May 7, 2012 in New York City.

*Women’s Wear Daily (WWD) is reporting that Beyoncé has been added as the honorary chair of this year’s Costume Institute Gala, Vogue editor in chief Anna Wintour’s big fashion extravaganza held annually at the Metropolitan Museum of Art in New York.

This year’s benefit, which runs from May 9 to August 14, celebrates the “Punk: Chaos to Couture” exhibition and will be hosted by Givenchy’s Riccardo Tisci.

Beyonce wore a dramatic Givenchy creation to last year’s Met Gala (see pics). She’ll co-chair this year alongside Rooney Mara and Lauren Santo Domingo.

"Schiaparelli And Prada: Impossible Conversations" Costume Institute Gala