The Marguerite and Aimé Maeght Foundation is struggling to raise its annual budget of €3 million, of which 80% is generated through ticket sales.
Oliver Kaeppelin, who took over as the foundation’s director in 2011, is to start fundraising for a €5.5 million underground extension project that is to feature a drawing and video art gallery, a café-restaurant and most importantly, a multipurpose space intended for rental — with the potential to generate as much as a third of the foundation’s yearly budget.
A further proposal is to sell part of the foundation’s collection. Currently the museum does not have the right to sell its works, however there are numerous lithographs and sculptures that exist in doubles or multiples that could be sold without affecting the overall quality of the collection.
The month marks the foundation’s 50th anniversary — an institution that still features many traces of the artists who initiated the project, including: Joan Miró, Georges Braque, and Fernand Léger. The 12,000-piece collection, housed in the hills of Nice, France; features 35 Giacometti sculptures, as well as masterpieces by Pierre Bonnard, Marc Chagall, Miró, Léger and Alexander Calder, amongst others. If the funds cannot be raised, the Maeght family or the French State, will have to step in to ensure the safety of the foundation’s future.