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March 6, 2007
BP's big LACMA gift
LATer Mike Boehm has the story on British Petroleum's $25 million strings-attached gift to LACMA. (Several MAN readers astutely noticed something was up when this tent popped up on the LACMA Broad Contemporary construction webcam yesterday.)
The LAT story has all kinds of contextualization of the gift. But the next story for LACMA is: Who gives next? When MoMA built its new building, every board member (save one, I think) gave at least $5 million. In terms of publicly-announced gifts, LACMA isn't anywhere near full board participation in its campaign (which has two stages to go), let alone participation at that level.
Also, so far few businesses have given to LACMA's campaign: As of Feb. 1 the only corporate donors were BP ($26 million, when you count a previous $1 million gift) and Johnson Controls ($500K).
Posted March 6, 2007 1:43 PM
