The gifts include pieces from the couple's private art collection valued at $20 million; a $5 million cash donation for capital improvements to the building, and $3 million to establish the Chazen Family Distinguished Chair in Art and the Simona and Jerome Chazen Distinguished Chair in Art Education. Key works from the Chazen collection include: Robert Motherwell's Elegy to the Spanish Republic #125 1972," David Hockney's The Sixteenth V.N. Painting (1992), and Roy Lichtenstein's Two Figures (1977).
Jerry Chazen is founder and chairman of Chazen Capital Partners and chairman emeritus and co-founder of Liz Claiborne, Inc. He also is chairman emeritus of the board of the Museum of Arts and Design in New York and is former vice chairman of the board of trustees at the Fashion Institute of Technology. Simona Chazen, who sits on the Chazen Museum's advisory council, is a past board member of the Art Alliance for Contemporary Glass and the Creative Glass Center of America. In 2005, the couple donated $20 million to expand what was then known as the Elvehjem Museum of Art.
“My wife and I are avid collectors and, more, lifelong arts enthusiasts and arts education advocates,” said Jerry Chazen. “We have a shared vision for the Chazen Museum of Art to become a world-class museum — a beacon for art lovers in Madison, across the state of Wisconsin, and in the bigger-picture arts landscape.”