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ISRAEL MUSEUM RECEIVES $12 MILLION GIFT FOR FINE-ARTS WING

By News Desk

A STATEMENT FROM ARTFORUM’S PUBLISHERS

ROBERT IRWIN (1928–2023)

HONG KONG–BASED AMTD BUYS THE ART NEWSPAPER

April 22, 2009 7:46 am

The Israel Museum yesterday announced a $12 million gift from the Edmond J. Safra Philanthropic Foundation for the renovation, reinstallation, and endowment of its newly renamed Edmond and Lily Safra Fine Arts Wing, reports the Building Design Network.

This newest gift bolsters the Israel Museum’s campaign for its $100 million campus-enhancement project, which will upgrade and unify its terraced twenty-acre campus, increase accessibility to the museum’s collection wings, and enhance and expand its exhibition galleries and public spaces. Over $90 million for the project has been committed to date. Designed by James Carpenter Design Associates and Efrat-Kowalsky Architects, the campus project is scheduled for completion in May 2010.

Concurrent with this major capital project, the museum has launched an ambitious endowment campaign in honor of its founder, Teddy Kollek, which will double its current endowment to a total of $150 million. Over $41.5 million of this additional $75 million goal has already been committed. Once completed, this will be the largest endowment for a cultural institution in the State of Israel.

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