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Wednesday, 23 December 2015 11:03

Billionaire Ken Griffin Has Donated $40 Million to MoMA

The Museum of Modern Art. The Museum of Modern Art. Wikimedia Commons

Billionaire Ken Griffin donated $40 million to New York’s Museum of Modern Art, one of the largest gifts in the institution’s 85-year history.

The unrestricted gift from the founder of Chicago-based hedge fund Citadel will help provide education and exhibitions of modern and contemporary art, the museum said Tuesday in a statement. In recognition of the gift, MoMA will name its 1964 Philip Johnson-designed East Wing after Griffin.

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