Whitney Museum Receives $131-Million Donation
March 19, 2008 | Read Time: 1 minute
The Whitney Museum of American Art, in New York, will receive $131-million from Leonard A. Lauder, chairman of the Estée Lauder Companies and chairman of the Whitney board since 1994, The New York Times reports. The majority of the money will go toward the museum’s endowment.
With the new money, the museum’s endowment will total $195-million, according to the newspaper.
Adam D. Weinberg, the Whitney’s director, said of the donation: “It will now be the first time our endowment will be large enough so that the Whitney can maintain its commitment to living artists and to adventurous programming.”
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