Billionaire Ken Griffin donated $40 million to New York’s Museum of Modern Art, one of the largest gifts in the institution’s 85-year history.
The unrestricted gift from the founder of Chicago-based hedge fund Citadel will help provide education and exhibitions of modern and contemporary art, the museum said Tuesday in a statement. In recognition of the gift, MoMA will name its 1964 Philip Johnson-designed East Wing after Griffin.
“It is my hope that visitors, artists and students from around the world will experience all that MoMA has to offer for generations to come,” Griffin, 47, said in the statement.
Griffin, a major collector of modern and contemporary art, gave $10 million to the Museum of Contemporary Art Chicago earlier this year. He serves on the board of trustees of the Whitney Museum of American Art in New York, whose lobby bears his name.
