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April 21, 2016

David Geffen Gives $100 Million to the Museum of Modern Art

The Museum of Modern Art announced Thursday a $100 million donation from David Geffen that will go toward expansion and renovation, reports The New York Times. The work will add 50,000 square feet of gallery space and is projected to cost about $440 million. 

As a result of the gift, the museum will add a David Geffen Wing to a residential tower — which is still under construction and will be located to the west of the museum — that will include three floors of new galleries. A fourth-floor exhibition space at the current museum will be called the David Geffen Galleries.

Mr. Geffen, who is worth an estimated $6.8 billion, said the museum had played a major role in this life. “When I worked in the mailroom at the William Morris agency I used to brown bag it at the sculpture garden of the Museum of Modern Art,” he said. “It’s where I developed my interest in post-World War II art.”

Mr. Geffen, who made his fortune in art, music, and films, has given to numerous other cultural and art-related institutions, including the Los Angeles County Museum of Art and the University of California at Los Angeles School of Theater, Film and Television.