The New LACMA Is Now $150 Million Closer, Thanks to a Record-Breaking Gift from David Geffen
Overhauling one of Los Angeles’ signature cultural institutions, LACMA, isn’t cheap. Construction on an ambitious new campus for the beloved museum comes with a price tag of about $650 million, in fact. But that goal just got a lot closer thanks to a $150 million donation from entertainment magnate David Geffen, as the Los Angeles Times reports. This is the biggest donation of funds LACMA has ever received—and it’s one of the largest cash donations to a museum in American history. In 2016, Geffen himself pledged $100 million to the Museum of Modern Art in New York, but setting aside folks like Eli Broad or George Lucas who put money into their own museums to primarily display personal collections, the last time anyone other than Geffen wrote… View Original Post The post The New LACMA Is Now $150 Million Closer, Thanks to a Record-Breaking Gift from David Geffen appeared first on Los Angeles Magazine .

October 4, 2017 at 06:39PM
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