The Detroit Institute of Arts announced today that the city’s automakers will contribute $26 million to the museum’s $100 million share of a “grand bargain” fund destined to support municipal pensions. The funds were raised pursuant to a deal struck in early May meant to save the museum’s art collection from possible sale or collateralization; last Thursday, the Detroit City Council unanimously approved Emergency Manager Kevyn Orr’s plan to transfer ownership of city-funded artworks in the DIA collection to an “irrevocable trust” in exchange for the promised $100 million in contributions to pensions over two decades, the Detroit News has reported.
The museum had initially approached the car companies in May with a request for a combined grant of $50 million. Speaking at a news conference today, DIA board chairman Gene Gargaro and Michigan governor Rick Snyder stated that Ford and General Motors have each pledged $10 million and Chrysler $6 million to the DIA’s share of the fund. In addition to the museum’s portion, the overall grand bargain constitutes $195 million in state tax dollars and $366 million contributed by various local and national foundations.
Other major donors — in Michigan and elsewhere — are expected to follow suit. According to the Detroit News, DTE Energy Co. may be considering a contribution of $5 million, and the DIA has reached out to several companies and individuals for donations, including Quicken Loans and the Penske Corporation. The Detroit Free Press reports that Blue Cross Blue Shield of Michigan and the Los Angeles-based Getty Foundation are said to be considering financial support as well.
Join Hyperallergic for an online conversation with cultural organizer and curator La Tanya S. Autry on February 1 at 7pm (EST).
This week, the Tonga eruption as captured from space, Boston gets a big gift of Dutch and Flemish painting, 30 years of New Queer Cinema, an important Marcel Breuer house is demolished, and much more.
At this free online summit, hear from architects Tadao Ando and Lesley Lokko; artist Himali Singh Soin; author Amitav Ghosh; design studio Formafantasma; and more.
Being bowled over by an unknown artist’s first one-person show does not happen often but when it does, it renews your faith that the art world is not just about buzz and hype.
Surrealist images of a Rice Krispies box or Yukon Gold potato explore how data is transformed into the visual language called art.
This immersive video installation utilizes waterscape scenes to speak about concepts such as existence, intimacy, healing, and aquatic ecology.
What is wonderful about the online photography exhibition What Have We Stopped Hiding? is that one is given entrée to the internal monologue of the artists featured in the show.
Self-taught artists were invited to exhibit, and sell, their fuzzy stacks of pancakes and tasseled tapestries.
Curator, educator, and transdisciplinary artist Jova Lynne is coming from MOCAD to lead Temple Contemporary exhibitions and public programs.
Our culture seems obsessed with the artist/model relationship, portrayed in countless movies and narratives as a relationship that is lustful and scandalous.
Creator Art Spiegelman said he was “baffled” by the decision and called the school board’s behavior “Orwellian.”
The winners of this year’s Ocean Art Underwater Photo Contest prove that life is indeed better under the sea.