Indiana University Art Museum announced today that it has received a $15 million gift from philanthropists (and IU alumni) Sidney and Lois Eskenazi. The donation — the largest since the institution’s founding in 1941 — will be spent on renovating its I.M. Pei-designed building. The museum has also been renamed after the couple.
Thanks to a match campaign, the university will contribute an additional $20 million to support the project, with planned completion by 2020.
“With this gift we are combining two of our greatest passions: Indiana University and art,” Sidney and Lois Eskenazi said in a statement.
In addition, the couple will be donating 100 works from their personal art collection: works by Joan Miró, Marc Chagall, Alexander Calder, Pablo Picasso, Jean Dubuffet, Salvador Dali, Pierre-Auguste Renoir, Keith Haring, and Paul Jenkins, among others. “We are delighted that our collection, which we have loved building and living with, will find a home at the museum.”
(Photo: Exterior of the Sidney and Lois Eskenazi Museum of Art at Indiana University, building designed by I.M. Pei. Photo by Kevin Montague.)