CAMPAIGN FOR THE NEW INSTITUTE OF CONTEMPORARY ART EXCEEDS GOAL
Museum Has Raised $75 Million
BOSTON, Mass.--The Institute of Contemporary Art/Boston announced today the successful completion of a capital campaign to build Boston’s first new art museum in 100 years. With an original goal of $50 million, the museum, which opened to international acclaim in December 2006, reported it surpassed the goal, raising $75 million. The ICA celebrated the completion of the campaign and thanked its donors at the ICA’s Sapphire Necklace Gala, held on May 9 at the waterfront museum.
“The completion of this campaign represents a sea change in how Boston supports contemporary art,” says Jill Medvedow, Director. “The vision of a forum for new art and ideas galvanized the community—from leading philanthropists to teens participating in ICA programs, from major corporations to family foundations. It is not only a triumph for Boston’s culture but a symbol of its civic health.”
“We are immensely grateful for the extraordinary generosity of our donors,” adds Paul Buttenwieser, Chairman of the ICA's Board of Trustees.
“Building on this momentum, we have much more to do in order to sustain and expand our programs and assure the ICA's vital role in Boston's cultural life. The support of our donors ensures that this important work continues."
More than 700 people gave to the Campaign for the New ICA, launched in April 2000. With $66 million raised by December 2006, the museum opened its stunning new building on the Boston waterfront, a 65,000-square-foot, multidisciplinary institution that has become one of the city’s most recognized architectural landmarks. The building, designed by Diller Scofidio + Renfro, was the 2007 recipient of the Harleston Parker Medal, presented periodically to the “most beautiful building” in the greater Boston area by the Boston Society of Architects and the City of Boston.
In addition, the campaign allowed the museum to increase its endowment from $1.5 million to $10 million; funded a significant expansion of the exhibition program, presenting 12 shows in its first year; helped launch an ambitious new performing arts program; and enabled the museum to increase access to contemporary art and artists for people of all ages through family and teen programming and community outreach initiatives.
In its first full year on the waterfront, the museum’s attendance reached more than 300,000 visitors (including paid admission, opening events, and theater and education programs) well exceeding the projected attendance of 225,000. More than 10,000 people visited the museum through the group tour program. Membership surpassed 11,000 households in the first year (compared to 1,347 in the year before moving to the new building).
The second year is proving to be equally strong, with solo museum exhibitions of sculptors Anish Kapoor—the first of the Turner Prize-winning artist in the U.S. in 15 years—and Tara Donovan, and numerous acquisitions to the ICA’s new permanent collection.
An influential forum for multi-disciplinary arts, the ICA has been at the leading edge of art in Boston for 70 years. Like its iconic building on Boston’s waterfront, the ICA offers new ways of engaging with the world around us. Its exhibitions and programs provide access to contemporary art, artists, and the creative process, inviting audiences of all ages and backgrounds to participate in the excitement of new art and ideas. Located at 100 Northern Avenue in Boston, the ICA is open Tuesday and Wednesday, 10 am – 5 pm; Thursday and Friday, 10 am – 9 pm; and Saturday and Sunday, 10 am – 5 pm. Admission is $12 adults, $10 seniors and students, and free for members and children 17 and under. Free admission on Target Free Thursday Nights, 5-9 pm. For more information, call 617-478-3100 or visit our Web site at www.icaboston.org.