The Andrew W. Mellon Foundation Pledges $10 Million Grant in Support of the Detroit Institute of Arts - FOX 8 WVUE New Orleans News, Weather, Sports

The Andrew W. Mellon Foundation Pledges $10 Million Grant in Support of the Detroit Institute of Arts

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE The Andrew W. Mellon Foundation

EARL LEWIS, PRESIDENT, THE ANDREW W. MELLON FOUNDATION

NEW YORK, June 11, 2014 /PRNewswire-USNewswire/ -- The Andrew W. Mellon Foundation has pledged a major grant to the Detroit Institute of Arts in support of the "Grand Bargain" that will enable the museum to hold its collections for the public in perpetuity. The Foundation is pleased to join with the J. Paul Getty Trust and other foundations, corporations, the State of Michigan, and individual donors in this innovative endeavor to preserve one of the nation's great cultural treasures.  The Mellon Foundation will make a contribution of up to $10 million to the DIA's share of the Grand Bargain on the condition that the museum raises sufficient matching funds to meet its $100 million fundraising requirement.

Since its founding in 1969, the Foundation has assisted exemplary institutions that safeguard the nation's art and cultural heritage, with a firm commitment to museums as vital institutions of scholarship, education, and community engagement.  As part of that history, the Foundation has long supported the integral importance of the DIA's collections to the museum's mission.  By pledging this unusually large grant to a single institution, the Foundation recognizes the significance of the DIA for the ongoing recovery and renewal of Detroit, and affirms its confidence that the museum will remain critical to the cultural life of the city and the nation.

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow

Fox 8 WVUE-TV
Louisiana Media Company, LLC.
1025 S. Jefferson Davis Parkway
New Orleans, LA 70125

General Number: (504) 486-6161
News Tips: (504) 483-1503
News Room Fax: (504) 483-1543

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVUE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
WVUE's Public Inspection File can now be accessed online. To access the online public inspection file click here: https://stations.fcc.gov/station-profile/wvue-dt.