Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 10:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern Art, among the largest gifts in the institution’s 85-year history.

Griffin’s unrestricted gift will help provide education and exhibitions of modern and contemporary art, according to a statement by the museum. In recognition of Griffin’s generosity, the Museum of Modern Art will name its famous East Wing, designed in 1964 by Philip Johnson, after him. 

It is the first time the wing has been named after a patron. 

“We are thrilled by Kenneth Griffin’s generosity, enthusiasm, and appreciation for The Museum of Modern Art,” said MoMA director Glenn Lowry in the statement. “His commitment to our mission and vision is truly extraordinary.”

“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,” added Griffin. 

The billionaire hedge fund founder is a well-known collector of modern and contemporary art, and a frequent supporter of institutions. He gave $10 million to the Museum of Contemporary Art Chicago earlier this year and serves on the boards of the Art Institute of Chicago and the Whitney Museum of American Art in New York.

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