David Geffen Pledges $150M to Building LACMA Campaign

LACMA-Way_855x550

Today, philanthropist and entertainment executive David Geffen announced his pledge of $150 million toward LACMA’s new galleries. The largest single cash gift from an individual in the museum’s history, Geffen’s philanthropic support also makes him the largest individual donor to the Building LACMA campaign. The new Peter Zumthor-designed building will be called the David Geffen Galleries in honor of his extraordinary gift.

David Geffen said, “I am excited to see the positive effects this new building will have on Los Angeles’s art and architectural communities. This innovative addition to the LACMA campus will ensure ongoing and expanded access to their permanent collection. LACMA will be able to touch millions of lives and create an even healthier and more vibrant community for everyone.” He continued, “At a time when federal funding for the arts is threatened, it’s important that we foster public-private partnerships, like this one, to support arts and cultural institutions. We must ensure that the public, everyone, has access to these venerable institutions. I am proud to partner with the County and other members of the community in helping LACMA move this remarkable project from vision to reality. Together, we can and must make sure every person has access to the arts.”

“This historic commitment propels LACMA’s two-decade expansion and rebuilding project forward,” said Michael Govan, LACMA CEO and Wallis Annenberg Director. “David Geffen is one of Los Angeles’s, and our nation’s, most generous philanthropists. This gift, for which we are incredibly grateful, ensures that our new building becomes a reality. Pledges of this magnitude are incredibly rare, and David’s commitment demonstrates his belief in the power of art museums to reach a broad and diverse public and create significant civic benefit.”

Read more here.