David Geffen Pledges $150 Million to Los Angeles County Museum of Art

David Geffen Pledges $150 Million to Los Angeles County Museum of Art

The Los Angeles County Museum of Art has announced a $150 million commitment from entertainment executive David Geffen toward construction of a new building.

The largest cash gift from an individual in LACMA's history will fund a project to replace four of the museum's seven buildings with new galleries designed to showcase its collection in innovative ways. To be named the David Geffen Galleries, the new building was designed by modernist Peter Zumthor and is slated to open in 2023.

With Geffen's pledge, LACMA has now raised a total of $450 million toward its $650 million goal for the project. Other contributions to date include $50 million from LACMA board co-chair Elaine Wynn, $25 million from businessman A. Jerrold Perenchio, $25 million from trustee Eric Smidt and his wife, Susan, and a significant commitment from the Los Angeles County Board of Supervisors.

"I am excited to see the positive effects this new building will have on Los Angeles's art and architectural communities," said Geffen. "This innovative addition to the LACMA campus will ensure ongoing and expanded access to their permanent collection. LACMA will be able to touch millions of lives and create an even healthier and more vibrant community for everyone. At a time when federal funding for the arts is threatened, it's important that we foster public-private partnerships, like this one, to support arts and cultural institutions….Together, we can and must make sure every person has access to the arts."

(Rendering: Atelier Peter Zumthor)

"David Geffen Pledges Historic $150 Million to the Building LACMA Campaign." Los Angeles County Museum of Art Press Release 10/04/2017. Jessica Gelt. "David Geffen Pledges $150 Million for New LACMA Building." Los Angeles Times 10/04/2017.