Philanthropy

Madridnews

Collector Francesca Thyssen-Bornemisza invests in Madrid after leaving Vienna

Austrian patron donates work to Reina Sofia and commissions new piece by Ragnar Kjartansson to be shown at Museo Nacional Thyssen-Bornemisza

What will cultural philanthropy look like in the 21st century? A new forum aims to find out

A survey of 500 art world professionals conducted by the Arts Funders Forum could help museums stay relevant to new patrons

Michael Rakowitz wants to pause his video work at MoMA PS1 as a protest against museum's ties to 'toxic philanthropy'

"It's censorship", the artist says of curators' denials to suspend work that is part of show on the artistic legacy of the Gulf War

Jayne Wrightsman leaves over 375 works of art and $80m to the Met

From European paintings to the decorative arts, the patron and her oil tycoon husband, who both served as trustees for decades, gave the New York museum more than 1,275 works in all

Pew Center for Arts and Heritage announces over $8.4m in grants

Fellowships and project stipends go to 12 artists and 27 cultural projects in the Philadelphia area

Seven arrested at protest during MoMA’s public opening

Demonstrators blocked the museum’s entrance and sat in the street as they demanded the removal of Steven Tananbaum — a financier whose company owns $2.5bn in Puerto Rican debt — from its board of trustees

Yoruba prince donates more than 1,000 works of art to establish university museum in Nigeria

Yemisi Shyllon hopes other Nigerian collectors will follow his example and help found teaching museums that promote art education

New York's Morgan Library receives ‘transformational’ trove of manuscripts and bindings

Bequest comes from New York collector Jayne Wrightsman, who amassed an 18th-century library to complement her celebrated French furnishings

World Cities Culture Forum and Bloomberg Philanthropies announce the second Leadership Exchange Programme

International leaders are invited to apply to the initiative which aims to advance cultural projects and explore the ways art can improve the quality of life for urban residents

A victory for righteousness or just a performance of it?

We need to acknowledge the complexity of our time and not hide in simple political polarities, says the director of the Art Gallery of Ontario

It's official: French tycoons finalise €300m donations for fire-ravaged Notre Dame

Foundation secures funds from Bernard Arnault and François Pinault towards the reconstruction of the cathedral

Louvre to train refugees as tour guides with funds from Saudi foundation

Supported by undisclosed donation from Alwaleed Philanthropies, French museum’s newly renovated Islamic galleries reopened in full this week

Lawnews

Sacklers in talks over multibillion-dollar settlement of opioid crisis lawsuits

Proposed settlement calls for family's company Purdue Pharma to file for bankruptcy and become a public trust distributing profits

Collectors are now collecting museums, not the other way around

Seats on boards offered by major museums are increasingly being used to serve the narrow agendas of the ultra-rich

Philanthropy, but at what price? US museums wake up to public's ethical concerns

Daniel Weiss, Adam Weinberg and other museum leaders speak out following the fallout from the resignation of the Whitney’s vice chairman and the ongoing Sackler affair

Musée du Louvre removes all mention of Sackler name from its galleries following protests

Activist group Pain says Paris museum has taped over or taken down plaques dedicated to the eponymous family whose pharmaceutical company is accused of fuelling the US opioid crisis

Frieder Burda—leading German collector of Modern masters including Picasso and Pollock—dies aged 83

Museum Frieder Burda in Baden-Baden is home to the philanthropist's collection of around 1,000 works

UniCredit to sell off one of world's largest corporate art collections

The Italian bank, which just announced €1.4bn profit in first quarter of 2019, will offload some of the 60,000 works of art in order to fund social initiatives

Philanthropist Henry Wollman Bloch has died aged 96

Bloch was an avid collector who made important contributions to the Nelson-Atkins Museum

Director of Pinault Collection proposes controversial 90% tax breaks for Notre Dame donors

But Pinault family says it is not seeking tax relief for its €100m donation towards the reconstruction effort

Software billionaire plans to turn decaying Potsdam restaurant into museum for East German art

Hasso Plattner also plans to put his Impressionist works on permanent display in his Barberini Museum

Fragile inheritance: US museums bridge skills gap in conservation of Chinese paintings

Philanthropic funding assures new training for the next generation of masters to emerge

Sackler Trust charity in UK suspends all new gifts

The move is a “face-saving” measure says US photographer and activist Nan Goldin

Terra Foundation’s transformational leader Elizabeth Glassman to step down

During her two-decade tenure, the Terra closed its Chicago museum and turned its attention to grant-making and collaborations

Collectinginterview

Collector's Eye: an interview with Wallis Annenberg

The Los Angeles-based philanthropist tells us what she's bought and why

Couple donates $40m for MoMA's renovation and expansion

The museum will name a film centre after Debra and Leon Black

Major coup for Paris’s Institut du Monde Arabe as it receives one of its biggest ever donations of works

Gallerist Claude Lemand and his wife France also set up a fund to support the museum

Sackler family—major cultural patrons—amassed $31.2m in offshore HSBC bank accounts, investigation finds

Mortimer Sackler opened a handful of accounts in Switzerland one month before federal prosecutors filed a lawsuit against Purdue Pharma in 2005