The Museum of Modern Art (MoMA) has announced that the Kenneth C. Griffin Charitable Fund, a fund created by Citadel Founder and CEO Kenneth Griffin, has made a gift of $40 million to MoMA. The donation is one of the largest that MoMA has received in its 85-year history.
“We are thrilled by Kenneth Griffin’s generosity, enthusiasm and appreciation for The Museum of Modern Art,” said Director Glenn D. Lowry. “His commitment to our mission and vision is truly extraordinary.”
“It is an honor to support MoMA, one of the most vibrant, exciting and high-impact cultural institutions in the world,” added Griffin. “It is my hope that visitors, artists and students from around the world will experience all that MoMA has to offer for generations to come.”
The unrestricted gift will support MoMA’s mission to provide education and exhibitions of modern and contemporary art to a global audience. In recognition of Griffin’s generosity, MoMA will name its iconic 1964 Philip Johnson-designed building the Kenneth C. Griffin Building.
Griffin is an active philanthropist, supporting a wide range of organizations in the fields of education, medicine and culture. He serves on the board of directors of the Chicago Public Education Fund and the board of trustees for the Art Institute of Chicago, the Museum of Contemporary Art, the Whitney Museum and the University of Chicago. Griffin is active in numerous business and leadership organizations including the Economic Club of Chicago, G100 and the Civic Committee of the Commercial Club of Chicago. He received a bachelor’s degree from Harvard College.