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Art Institute of Chicago Gifted $70 Million

The Art Institute of Chicago announced today that it has received two major donations, totaling $70 million. Janet and Craig Duchossois gave the museum an unrestricted $50 million gift, and Robert and Diane v.S. Levy promised the institute $20 million in support of its acquisitions and operations.

“In our history, these are among the single greatest gifts,” president and director James Rondeau told the Chicago Tribune. “These are two donor families who are making a commitment to the museum but recognizing that our sustainability is deeply connected to serving our audience in Chicago.”

Rondeau added that “new resources allow for new ambitions.” While there are no immediate plans for the monies, the director suggested that the donations will reshape the long-term future of the museum.

Commenting on their reason for giving, Janet Duchossois said: “Craig and I chose to make this unrestricted gift to demonstrate our confidence and support of James Rondeau and the board. We are proud to be partners in their strategy and approach for the museum both today and in the future.”

Janet Duchossois serves as a voting trustee of the institute, chair of the museum’s sustaining fellows, and cochair of the committee on libraries. She is also a member of the committees on modern and contemporary art and prints and drawings. Craig Duchossois is CEO of the Duchossois Group, a private, family-owned company with holdings in the consumer products, technology, and service sectors.

Robert Levy is in his second term as chair of the institute’s board of trustees. He is a retired partner, chairman, and chief investment officer for US equities at Harris Associates LP. Diane v.S. Levy is currently a member of the institute’s committees on textiles, European decorative arts, and ancient and Byzantine arts.