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December 29, 2015

Finance Mogul's $40 Million Gift Renames Modern Art Museum's East Wing

Hedge-fund billionaire Kenneth C. Griffin made an unrestricted $40 million donation last week to the Museum of Modern Art, reports The New York Times.

One of the New York institution's best-known buildings, the Philip Johnson-designed East Wing opened in 1964, will be named for the donor, the founder and CEO of Chicago-based investment firm Citadel. An art collector who serves on the board of the Whitney Museum of American Art, Mr. Griffin has stepped up his giving to cultural and education institutions in recent years, most notably making a $150 million contribution to Harvard University in February 2014.