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Wednesday, 18 December 2013 18:37

Philadelphia Museum of Art Completes Endowment Campaign

Gerry and Marguerite Lenfest in 2008. Gerry and Marguerite Lenfest in 2008. Philly.com

On December 18, the Philadelphia Museum of Art announced that it had successfully completed a five-year, $54 million campaign to endow 29 staff positions across the institution’s full range of operational departments. The campaign began in 2008 after the museum received a $27 million grant from H.F. “Gerry” Lenfest, then chairman of the institution’s board of trustees, and his wife, Marguerite. The campaign challenged donors to match the grant, million for million, in exchange for the right to endow and name the positions.

The Lenfests, who have donated over $100 million to the Philadelphia Museum of Art to date, are the institution’s largest financial donors. Their challenge was met by 27 donors, 19 of whom are making their first gift of such magnitude.

The Philadelphia Museum of Art’s endowment now totals $408 million.     


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