News and analysis
June 19, 2017

Gifts Roundup: Art Collector Gives $100 Million to Address Mass Incarceration

Simon Luethi/8 Salamander Productions

Art collector Agnes Gund (right) talks with NPR’s Maria Hinojosa about her decision to channel $100 million in proceeds from the sale of a classic piece of pop art to organizations working to address mass incarceration.

A roundup of notable gifts compiled by The Chronicle:

Art for Justice Fund

Art collector and banking heiress Agnes Gund donated $100 million to endow the fund, which will support organizations working to reform the criminal-justice system and reduce mass incarceration.

The money comes from the sale of "Masterpiece," a 1962 painting by Roy Lichtenstein that Ms. Gund decided to sell for philanthropic purposes. She issued a challenge to other wealthy art collectors to sell works to support the new fund, which the Ford Foundation and Rockefeller Philanthropy Advisors will help administer.

Torrance Memorial Medical Center

Richard and Melanie Lundquist gave $32 million to expand the Los Angeles-area hospital’s neurological, orthopedic, and spinal care.

The Lundquists own Continental Development Corporation, a commercial-property builder. The donation brings to $100 million the couple’s total giving to the medical center, including $50 million in 2013 for construction of a new building.

National Museum of Women in the Arts

Madeleine Rast left $9 million to shore up the museum’s endowment.

Ms. Rast was a businesswoman and investor who died in January. She had been involved with the museum throughout its 30-year history.

Ocean County College

Jay and Linda Grunin gave $8 million through their foundation for a new building to house the Ocean County Vocational Technical School.

The couple are retired lawyers who invest in real estate and other holdings.

University of Michigan

David and Meredith Kaplan gave $7.5 million to the athletic department

, partly to endow the men’s basketball head-coach position, which will be named for them.

The gift will also endow a scholarship fund and pay for building improvements.

Mr. Kaplan co-founded Ares Management, an asset-management firm. He graduated from the university in 1989. Ms. Kaplan, a 1992 Michigan graduate, founded Gratus, a women’s-clothing boutique in Beverly Hills, Calif.

Pittsburgh Opera

Patrick and Michele Atkins donated $1.2 million for audience-development efforts and a new digital-marketing position.

Mr. Atkins is a partner at Pegasus Capital Advisors and a retired director of environmental stewardship at Alcoa, where he worked for more than 30 years. Ms. Atkins serves on the opera company’s Board of Directors.

Philadelphia College of Osteopathic Medicine

David Bitonte pledged $1 million to establish the David A. Bitonte Endowed Annual Commencement Speaker Fund.

Earnings generated from the endowment will back the cost of an annual speaker at the college’s doctoral commencement ceremony.

Dr. Bitonte is an anesthesiologist. He earned a doctorate in osteopathic medicine from the college in 1980.

University of California at Los Angeles

Michael and Alice Jung gave $1 million to endow a professorship in medicinal chemistry and drug discovery.

Mr. Jung is an expert on synthetic organic and medicinal chemistry who has taught at the university since 1974. He and his team of researchers developed the prostate-cancer drug Xtandi.

To learn about other big donations, see our database of gifts of $1 million or more, which is updated throughout the week.

Send an e-mail to Maria Di Mento.