News and analysis
May 02, 2016

Gifts Roundup: LA County Museum of Art Gets $75 Million for New Building

Atelier Peter Zumthor & Partner
Two pledges totaling $75 million will help fund a new home for the Los Angeles County Museum of Art's permanent collection.
A roundup of notable gifts compiled by The Chronicle:

University of California at San Francisco

Financier Sanford Weill and his wife, Joan, gave $185 million to start the Weill Institute for Neurosciences.

The donation will help pay for a building to house the new institute, which will feature 45 basic research labs as well as clinics to provide care to patients with brain-related disorders. The Weills’ donation will also be used to hire between 45 and 50 new researchers.

Mr. Weill led Citigroup from 1998 to 2006 and is also a former president of American Express.

Los Angeles County Museum of Art

Two philanthropists pledged a total of $75 million to the museum.

Elaine Wynn, who co-founded the Wynn Resorts and Mirage Resorts hotel chains, committed $50 million to help fund a new building for the museum’s permanent collection.

A. Jerrold Perenchio pledged an additional $25 million for building project. Mr. Perenchio is a former chairman and chief executive of Spanish-language television network Univision and a former talent agent and TV producer. In 2014, he promised to give a collection of artworks reportedly valued at roughly $500 million to the museum.

Butler University

Andre and Julia Lacy pledged $25 million to the College of Business, which will be renamed for the couple.

Mr. Lacy is chairman of Lacy Diversified Industries, a company that invests in manufacturing, distribution, and logistics industries around the globe.

In addition to the donation, Mr. Lacy plans to serve as senior adviser to the business school. He previously served on the Butler Business Consulting Group Advisory Panel, and the couple has endowed student scholarships within the business school.

Fowler Museum at UCLA

Jay and Deborah Last gave $1 million to support the museum’s operations and pledged to match gifts of up to $14 million from other donors.

The Lasts are longtime donors to the museum. Ms. Last earned a bachelor’s degree in art history from the university. Mr. Last, a physicist by training, is a computing pioneer who worked at the famed Schockley Semiconductor Laboratory in the late 1950s. He went on to co-found Fairchild Semiconductor and to launch Hillcrest Press, a publisher of books dealing with California art, ethnic art, and graphic arts.

Oregon Health & Science University

Gary and Christine Rood donated $12 million to support a new building that will provide temporary lodging for patients and family members who must travel long distances for specialized care at OHSU’s Portland-area hospitals and clinics. The building will be named for the Roods.

When complete, the new guest house will have the room to host up to 3,000 patients, families, and caregivers a year.

Mr. and Ms. Rood own senior-housing centers and commercial properties throughout the country. Mr. Rood worked for two decades as a hospital administrator at the university and as president of Mid-Columbia Medical Center.

Indiana University at Kokomo

The university’s former chancellor, Ruth Person, pledged $3.5 million for student scholarships.

Ms. Person served as chancellor at Kokomo from 1999 to 2008 and led the Flint campus of the University of Michigan from 2008 to 2014.

She earmarked a portion of the gift to cover administrative costs of the scholarships.

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

Send an email to Maria Di Mento.