David Geffen Foundation Awards $25 Million for Construction of Academy Museum of Motion Pictures

David Geffen Foundation Awards $25 Million for Construction of Academy Museum of Motion Pictures

The Academy of Motion Picture Arts and Sciences has announced a $25 million grant from the David Geffen Foundation in support of the Academy Museum of Motion Pictures.

Awarded as part of a capital campaign launched in 2012, the gift will support construction of the nearly 300,000-square-foot museum, which will feature state-of-the-art galleries, exhibition spaces, theaters, screening rooms, education centers, and special event spaces. Scheduled to open in 2017, the museum will be located next to the Los Angeles County Museum of Art in the historic Wilshire May Company building.

In recognition of the gift — the largest to the campaign to date — the museum's premiere-sized theater will be named the David Geffen Theater. Since its launch, the campaign has secured more than half its $300 million goal.

"I'm pleased to support the Academy Museum of Motion Pictures," said Geffen. "This is an exciting opportunity to be part of the creation of an iconic architectural space and cultural institution that will combine the best of the old and the new and provide a permanent public home for the academy's rich tradition of honoring the shining stars of the cinematic arts."

"The Academy Announces Naming of the David Geffen Theater." Academy of Motion Picture Arts and Sciences Press Release 04/08/2013.