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June 13, 2016

D.C. Financier Donates $20 Million to Holocaust Museum

The U.S. Holocaust Memorial Museum announced a $20 million gift Monday from finance executive Allan Holt and his wife, Shelley, reports The Washington Post. The donation will go toward upgrading the Washington, D.C., institution’s centerpiece exhibition and pushes the museum past the $540 million goal of a capital campaign launched in 2013.

Mr. Holt, the son of Holocaust survivors, is a senior partner and managing director at Washington financial-management firm the Carlyle Group and serves as vice chairman of the museum’s board. The gift will cover all costs of what the museum termed a “revitalization” of the permanent exhibition, which has been unchanged since the institution opened in 1993.

The upgrade will add historical developments that have occurred since the museum’s launch incorporate new and updated technological elements. "I wanted to do something that would honor the victims and would also ensure the museum's ability to impact new generations in an ever-changing world," Mr. Holt said in a statement.