Displaying items by tag: ken griffin

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.

Billionaire hedge fund manager Ken Griffin has given $10 million to the Museum of Contemporary Art Chicago through his charity.

The gift by the Kenneth C. Griffin Charitable Fund will be used to create the Griffin Galleries of Contemporary Art, the museum said in a statement Friday. The gift is part of the museum’s Vision Campaign to raise $64 million for programming, which has reached $60 million in private donations toward the goal.

“The Vision Campaign is about great art and ideas -- that connect with the community and propel the MCA as a leader in the cultural economy,” Madeleine Grynsztejn, the museum’s Pritzker director, said in the statement.