Elsewhere online
August 25, 2015

Fidelity Chief Keeps a Low Profile While Making Arts Impact

Fidelity Investments Chairman Ned Johnson has built one of New England's largest art collections and become a quietly influential figure in the regional culture scene through loans and gifts to museums, The Boston Globe writes.

The assets of Mr. Johnson's Brookfield Arts Foundation, through which he buys and loans pieces, more than doubled to $262 million from 2008 to 2013, according to tax filings. The finance executive's family foundation gave Brookfield $48 million for art acquisitions in 2013, more than half of its overall giving.

Mr. Johnson's arts philanthropy, always done anonymously, has had a major impact on the Museum of Fine Arts, Boston, and the Peabody Essex Museum in Salem, Mass., to which he is widely believed to be the biggest donor, according to the Globe.