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The philanthropist and collector Barbara Lee is giving the Institute of Contemporary Art in Boston 20 works by 12 female artists with a value estimated at $42 million, the largest gift by value in the museum’s history, officials said.

The new donations build on the gift last year by Ms. Lee of 43 other works by female artists that established the Barbara Lee Collection of Art by Women at the museum.

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Until 2005, the 78-year-old Institute of Contemporary Art had no permanent collection, assembling most of its shows with borrowed works. Philanthropist and ICA board member Barbara Lee gave the museum one of its first pieces: British sculptor Cornelia Parker’s “Hanging Fire (Suspected Arson),” an ethereal work that has become a favorite of visitors.

Now Lee has given the ICA a much weightier gift: a group of 43 works by 25 international artists, all women. The Barbara Lee Collection of Art by Women, the institution’s largest gift of art ever, will expand the ICA’s holdings by roughly 30 percent, ICA director Jill Medvedow said.

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