The Bruce Museum in Greenwich, Connecticut, has announced a $15 million gift from longtime resident William L. Richter.
The lead gift in a $60 million capital expansion project will support construction of a new wing; the campaign seeks to raise $45 million for construction and $15 million for an endowment. The next phase of construction will begin in the fall with renovation of the rotating gallery spaces, which will be followed in early 2020 by the renovation and reinvention of the museum's permanent science galleries. To be named after Richter, the new wing will house the museum's art exhibition spaces as well as a store, restaurant, auditorium, and flexible education and meeting spaces. When complete, the renovation will more than double the museum's square footage.
The museum holds twenty thousand objects owned by the Town of Greenwich that are held in trust by a privately funded nonprofit organization. Richter is the co-founder of Cerberus Capital Management.
"I was inspired by the museum's bold plans for the future and particularly admire the appearance of the building, as well as its functionality," said Richter. "I'm honored by the thought that my name will be on the new art wing, and I hope that this gift to the Bruce and to the Town of Greenwich will be the catalyst for further progress in making it a reality."