The Norton Museum of Art in West Palm Beach, located at 1451 South Olive Avenue, is currently closed for renovations. The renowned museum which has been moving toward its $100 million capital goal, made a big leap with a $16 million donation from philanthropist, seasonal Palm Beach resident and self-made hedge fund billionaire Ken Griffin.
It comes as no surprise to the art world that Mr. Griffin enjoys collecting art. However, when Griffin spent $500 million in February 2016 to buy two paintings by Willem de Kooning and Jackson Pollock he not only made waves in the art market, it was a tsunami! Because of the donation, the museum will honor Mr. Griffin's name on the new 59,000-square-foot wing, designed by Pritzker Prize-winning architect Lord Norman Foster. It is expected to open in February 2019.
The campaign is for the new Norton expansion currently in progress. It will provide an additional 12,000 square feet of gallery space. An additional 210 seat auditorium, a dining pavilion and more area for the sculpture gardens. The Norton Museum of Art was founded in 1941. It has grown and evolved to become one of Florida's major cultural institutions. The Museum is internationally known for its distinguished permanent collection featuring masterpieces of 19th century and 20th century. Works within the collection include work Gauguin, Miró, Monet, Picasso, Hopper, O'Keeffe, Pollock and Sheeler to name a few.
The gift from the Kenneth C. Griffin Charitable Fund is the most substantial cash donation to the Norton Museum in its 77-year history. Mr. Griffin also pledged an additional $4 million This donation brings the total funds raised on behalf of the museum to $107 million.