The largest gift in the visual and performing arts center's history will launch a $50 million fundraising campaign with four goals: increase the institution's endowment from its current $60 million to $100 million; develop new artistic and community initiatives under Andrey Boreyko, its music director; rethink the center as a venue for the future; and build the permanent collection of the Baker Museum. According to the Naples Daily News, gifts of art will not be included in the campaign, as they are tracked differently. In recognition of the gift, Artis—Naples will name its 8.5-acre, five-building site the Kimberly K. Querrey and Louis A. Simpson Cultural Campus.
Simpson, chair of SQ Advisors, LLC, an investment advisory firm in Naples, previously served as president and CEO of capital operations at GEICO Corp. Querrey is the president of SQ Advisors. The couple previously made gifts totaling $115 million to Northwestern University, Simpson’s alma mater, in support of biomedical research programs at its Feinberg School of Medicine and to endow the Louis A. Simpson and Kimberly K. Querrey Institute for BioNanotechnology in Medicine.
"The ultimate value of endowment is financial stability for generations," said Simpson. "This foundation will be there for Artis—Naples today and in perpetuity."