Displaying items by tag: gift

Billionaire Ken Griffin donated $40 million to New York’s Museum of Modern Art, one of the largest gifts in the institution’s 85-year history.

The unrestricted gift from the founder of Chicago-based hedge fund Citadel will help provide education and exhibitions of modern and contemporary art, the museum said Tuesday in a statement. In recognition of the gift, MoMA will name its 1964 Philip Johnson-designed East Wing after Griffin.

At nearly 78, American artist Ed Ruscha has promised to donate to London’s Tate museum one impression of all future prints he makes for the rest of his life. The initiative launched with the inaugural group of prints that includes “Jet Baby,” 2011, “Wall Rocket,” 2013, and “Sponge Puddle,” 2015, along with 15 other works reflecting the artist’s interest in signs, language, and the landscape of Los Angeles.

The Metropolitan Museum of Art in New York and the Ministry of Culture, Sports and Tourism of the Republic of Korea signed a memorandum of understanding today at the Museum, establishing a long-term relationship of cooperation in the area of Korean art and culture. The agreement was signed on behalf of the Metropolitan Museum by Daniel H. Weiss, President, and on behalf of the Ministry by Seung Je Oh, Director of the Korean Cultural Service of New York.

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.

On December 13 the Art Institute of Chicago unveils 44 contemporary works donated by collecting titans Gael Neeson and Stefan Edlis. The largest gift in the museum’s 136-year history, the mix reads like an art lover’s “Twelve Days of Christmas,” with one Robert Rauschenberg, two Cy Twomblys, four Gerhard Richters, six Cindy Shermans, and nine Andy Warhols among the blue-chip pieces.

Christopher Bedford, Henry and Lois Foster Director of the Rose Art Museum at Brandeis University, has announced that Baltimore businessman, author, and collector Stephen M. Salny has made a promised gift to the museum of 48 works on paper created by some of today’s leading contemporary artists, including 11 lithographs by Ellsworth Kelly. Among the other artists represented in the gift are Josef Albers, Richard Diebenkorn, Helen Frankenthaler, Damien Hirst, Jasper Johns, Sol Lewitt, Brice Marden, Robert Motherwell, and Sean Scully.

Salny’s gift will augment strengths of the Rose Art Museum collection, which includes paintings and other works by some of the artists included, notably Kelly, Johns, Motherwell, and Frankenthaler, while also extending its holdings in new directions, including the first work by Hirst to by acquired by the museum.

A singular and important gift of Native American art has been unanimously accepted into the collection of The Nelson-Atkins Museum of Art in Kansas City by its Board of Trustees. The collection of Joanne and Lee Lyon, acquired over decades, contains a number of masterworks, including a group of 14 Southeastern Woodlands and Delaware bandolier bags believed to be the largest such collection in the world.

“The tremendous generosity of Joanne and Lee Lyon represents a pivotal moment in the history of the Nelson-Atkins,” said Julián Zugazagoitia, Menefee D. and Mary Louise Blackwell CEO & Director of the Nelson-Atkins.

The Baltimore Museum of Art announced on Tuesday that it has been promised $3 million — the third largest individual gift in its history — from two long-time supporters to pay some costs of its new center for education and creativity.

The Patricia and Mark Joseph Education Center, named after the donors, will open Sunday. The new center will culminate the final phase in the museum's multiyear, $28 million renovation project.

The Virginia Museum of Fine Arts says it has received a collection of American art worth more than $200 million.

The Richmond museum says the gift from James W. and Frances G. McGlothlin is the most significant collection of American art given to a North American museum in more than 30 years.

Selections from contemporary artworks donated to the Whitney Museum of American Art in 2012 are going on view next month.

The works donated by Thea Westreich Wagner and Ethan Wagner will be exhibited from Nov. 20 through March 6, 2016.