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.

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...