David Geffen

David Geffen Pledges Historic $150 Million to LACMA’s New Building

Philanthropist and media executive David Geffen has promised $150 million to the Los Angeles County Museum of Art, the largest single cash gift from an individual in the museum’s history. The money will go towards the museum’s “Building LACMA” campaign, which is centered on a new building, designed by Peter Zumthor, that will be named after Geffen in honor of his donation.

“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. We must ensure that the public, everyone, has access to these venerable institutions.”

“David Geffen is one of Los Angeles’s, and our nation’s, most generous philanthropists,” said Michael Govan, the Wallis Annenberg Director and CEO of the museum. “This gift, for which we are incredibly grateful, ensures that our new building becomes a reality. Pledges of this magnitude are incredibly rare, and David’s commitment demonstrates his belief in the power of art museums to reach a broad and diverse public and create significant civic benefit. ”