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January 13, 2016

Missouri Donors Endow Directorship of St. Louis Museum

Missouri donors Barbara and Andy Taylor have given the St. Louis Art Museum $21 million to endow its directorship, the St. Louis Post-Dispatch reports.

The gift from Ms. Taylor, the museum's former board president, and her husband, who is executive chairman of the Enterprise car rental company, will enable the museum to spend more on operations while remaining competitive in its search for leaders. Two-thirds of the museum's $30 million dollar budget is provided by the City of St. Louis and from St. Louis County property taxes.

As hiring for museum directorships across the country has become more competitive, many institutions are looking for donors to cover the cost of leadership positions. The museum's current director, Brent Benjamin, is set to make $640,000 in total compensation this year. The directorship will now be named for Ms. Taylor.