New York’s Morgan Library & Museum will obtain two items totalling $15m to mark its centennial this yr. The longtime museum trustee Katharine J. Rayner has pledged $10m—the museum will identify its directorship after her for 25 years in recognition of the reward—and the remaining $5m comes from the Jerome L. Greene Basis to fund future exhibitions. The announcement was made on the establishment’s profit gala at present (4 March).
“The Morgan has advanced into certainly one of New York’s most beloved cultural locations, and these beneficiant items enable us to proceed this work, transfer ahead with confidence and bolster our long-term monetary well being,” Colin B. Bailey, the newly christened Katharine J. Rayner Director of the Morgan, stated in an announcement.
This isn’t the primary giant reward the museum has obtained for its Centennial Marketing campaign, which seeks to lift $35m for its endowment and $15m to “deal with vital amenities and expertise wants that underpin the Morgan’s means to extend entry to its collections”, in line with a press launch. Final summer season, the Sherman Fairchild Basis gave the establishment $10m, which signifies that simply three months into its birthday yr, the Morgan is already at the least midway to its fundraising objective.
The Morgan was based in 1924 to make public the ornately adorned analysis library and artwork assortment of the banking tycoon J.P. Morgan. The museum contains a big assortment of illuminated manuscripts, prints, drawings, uncommon books and Previous Grasp work. There are a variety of particular exhibitions and occasions deliberate for its centennial all year long, together with a present devoted to the establishment’s inaugural director, the librarian Belle da Costa Greene.
