“donation”

The LACMA receives a $75 million donation

The LACMA has received an extraordinary donation of $75 million, the largest in its history. A sum aimed at financing a new building. Collectors Elaine Wynn and A. Jerrold “Jerry” Perenchio have promised the Los Angeles County Museum of Art a donation of $75 million. The donation is however conditional, requiring the museum to successfully carry out its campaign to raise $600 million to finance a new architectural complex to be designed by Swiss architect Peter Zumthor. The plan is to build an entirely black 400,000 m2 building that will serve as a museum and a bridge crossing Wilshire Boulevard, whose shape is suggestive of a Chinese calligraphy symbol. The ambitious project will allow four of the museum’s seven buildings to be replaced. According to the Los Angeles Board of Supervisors, $125 million have been raised for the project. LACMA’s director, Michael Govan, is optimistic about the success of this financing campaign. The project may well start in 2018 and be completed in 2023. Aside from this exceptional donation, A. Jerrold Perenchio has promised to give to the museum his collection, estimated as being worth nearly $500 million, stating: “The old buildings are that — they’re old buildings. Great art has to have a great place to be...

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David Geffen Makes $100 Million Donation To MoMA

The New York producer David Geffen has given $100 million to the MoMA for the purpose of its upcoming expansion and renovation. The donation will be used to fund the construction of a new wing, which will include three floors of a new gallery on 53 West 53rd Street, and be christened “the David Geffen Wing”. The project is expected to cost $400 million and to be completed in 2019 or 2020, increasing the gallery space by 30 percent. Marie-Josee Kravis, president of MoMA’s board of trustees, said to Bloomberg: “He’s always been interested in what we collect and in our programs, and he’s been a friend of MoMA. It’s not like this came out of the blue. He seemed the perfect partner for us. We approached him and he’s very decisive. He made a quick decision.” He is a very informed collector. Last year, he sold to Ken Griffin two artworks by Pollock and de Kooning for $500...

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An exceptional donation for the Philadelphia Museum of Art

The Philadelphia Museum of Art has announced that it has received an exceptional donation of $10 million as well as some fifty works. The museum owes this gift to Daniel W. Dietrich II, known for his philanthropic actions, who died last year. The museum will thus be adding to its collection works by Edward Hopper — Road and Trees (1962) —, and also Paul Thek, Cy Twombly, Philip Guston, Eva Hesse and Albert Pinkham Ryder. Daniel W. Dietrich II also donated $10 million to the museum to support its curatorial...

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The Art Institute of Chicago announces a record donation of $35 million

The Art Institute of Chicago (AIC) has recently received an exceptional donation of $35 million from Dorothy Braude Edinburg — dead in 2015 —, owner of a large collection. This donation will enable the institution to acquire new Asian artworks, paintings and drawings, and to strengthen the AIC’s position as a major museum. Dorothy Edinburg and the Institute are thus continuing a posthumous collaboration that started 23 years ago, with her donation of over 1,500 works spanning over six centuries. And that’s not all from the AIC: its president-director Douglas Druick will be leaving his position and be replaced by James Rondeau as president. Eloise W. Martin will be taking over as...

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Blaffer Art Museum receives its largest donation ever

Blaffer Art Museum at the University of Houston, in the United States, has received a $1 million bequest from the late Jane Dale Owen, who died in 2014; the largest gift in its 42-year history. A long-time benefactor of the museum, the late Jane Dale Owen was a granddaughter of Houston art patron and collector Sarah Campbell Blaffer (after whom the museum is named) and Robert Lee Blaffer (one of the founders of Humble Oil and Refining Co.). She chaired the museum’s first fundraising gala in 1997 and served on its advisory board and executive committee for many years. The generous gift will help to create an award for exhibitions and public programs, focusing on the creation and appreciation of contemporary art. Blaffer director and chief curator Claudia Schmuckli says “We are deeply grateful to Ms. Owen for her lifetime commitment to the museum that celebrates her family legacy in name and deed.” Being the largest gift that the museum has received in its 42-year history, Schmuckli believes the fund will be “truly...

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