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Gifts Roundup
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Art Institute of Chicago Lands $25 Million Gift From Bucksbaum Family

Kay Bucksbaum is a longtime supporter of the museum and previously gave a gift to name the Carolyn S. and Matthew Bucksbaum Gallery.

By  Maria Di Mento
February 20, 2024
The Art Institute of Chicago.
Raymond Boyd, Getty Images
The Art Institute of Chicago, which received a $25 million gift from Kay Bucksbaum and her family.

A roundup of notable gifts compiled by the Chronicle:

Art Institute of Chicago

Carolyn (Kay) Bucksbaum together with her son, John, and his wife, Jacolyn, gave $25 million to establish the Photography Center, which will house the Department of Photography and Media and its collection.

Kay Bucksbaum is an art collector and a member of the museum’s Photography and Media Curatorial Committee. She also serves on the museum’s Board of Trustees. Her late husband, Matthew Bucksbaum, co-founded General Growth Properties, a commercial real-estate company that developed and operated shopping malls throughout the country until filing for bankruptcy in 2009. It was acquired by Brookfield Properties in 2018.

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A roundup of notable gifts compiled by the Chronicle:

Art Institute of Chicago

Carolyn (Kay) Bucksbaum together with her son, John, and his wife, Jacolyn, gave $25 million to establish the Photography Center, which will house the Department of Photography and Media and its collection.

Kay Bucksbaum is an art collector and a member of the museum’s Photography and Media Curatorial Committee. She also serves on the museum’s Board of Trustees. Her late husband, Matthew Bucksbaum, co-founded General Growth Properties, a commercial real-estate company that developed and operated shopping malls throughout the country until filing for bankruptcy in 2009. It was acquired by Brookfield Properties in 2018.

Boston College School of Theology and Ministry

Charles and Gloria Clough gave $25 million to support the school, which will be renamed the Gloria L. and Charles I. Clough School of Theology and Ministry. The couple are Boston College alumni.

Charles Clough is chairman and chief investment officer of Clough Capital Partners, a Boston investment firm he founded in 1999, and an ordained permanent deacon in the Archdiocese of Boston. He earned a bachelor’s degree in history from the college in 1964 and has served on its Board of Trustees since 1994.

Gloria Clough is a psychiatric clinical nurse specialist who earned a master’s degree in divinity from the theology school in 1990, and a master of science degree from the nursing school in 1996. She established the chaplaincy program at Emerson Hospital in Concord, Mass., and she served as the hospital’s first Catholic chaplain.

Colorado College

William Clement left more than $18 million to his alma mater and placed no restrictions on how the money should be used. College officials said in a news release that they plan to direct $16 million to the college’s endowment to support financial aid. The remaining $2 million will be used to match gifts from other donors.

Clement graduated from the college in 1942 and served during World War II as a physicist on the Manhattan Project at the Radiation Laboratory of the University of California at Berkeley. After the war, he earned a master’s degree in physics and a Ph.D. in philosophy from UC Berkeley. He worked in technical and administrative roles in the electronics industry before becoming a private investor. He died in 2022.

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University Hospitals

Kazuko Maine left $6.5 million to support emergency medical care across the health system, and to expand the newly named Arthur D. and Kazuko Maine Trauma Unit at UH Ahuja Medical Center. The bequest also supports two endowed positions in emergency medicine and an endowed chair for orthopedic trauma.

Maine was an Ohio philanthropist who died in 2020. Her husband, Arthur Maine, who died in 1991, was a vice president of human resources at Sherwin-Williams Company, a paint manufacturer in Cleveland, and senior vice president of personnel at Revco Drug Stores, a Twinsburg, Ohio, chain of drugstores that closed in 1997.

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

We welcome your thoughts and questions about this article. Please email the editors or submit a letter for publication.
PhilanthropistsMajor-Gift Fundraising
Maria Di Mento
Maria directs the annual Philanthropy 50, a comprehensive report on America’s most generous donors. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics.
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