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Kenneth Griffin gives MoMA $40m—one of the New York museum's largest ever donations

The hedge-fund manager has also funded the Museum of Contemporary Art Chicago and the Whitney Museum

Gareth Harris
26 December 2015
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The Museum of Modern Art in New York (MoMA) has benefitted from the largesse of the hedge fund billionaire Kenneth Griffin, who has donated $40m to the institution. The gift was made through Griffin’s charity, the Kenneth C. Griffin Charitable Fund; Griffin, founder of the company Citadel, is worth $7bn according to Forbes. 

“The unrestricted gift will support MoMA’s mission to provide education and exhibitions of modern and contemporary art to a global audience,” says a museum statement. The museum’s east wing, designed by Philip Johnson in 1964, will be named after Griffin. 

According to the Chicago Tribune, Griffin also gave $10m to the Museum of Contemporary Art Chicago earlier this year. The fourth-floor galleries of the MCA have subsequently been renamed the Griffin Galleries of Contemporary Art. 

Chicago-based Griffin is, meanwhile, a trustee of the Whitney Museum of American Art in New York; the 6,200 sq. ft lobby of the new museum building, which opened earlier this year in downtown Manhattan, is named after the entrepreneur.

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