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The Academy of Motion Picture Arts and Sciences on Friday announced a global $500 million fund-raising effort to help diversify its base of support and ensure its financial future in a period of transformation for the film industry and the nonprofit cultural sector. “Both are going through radical business model shifts right now due to changing audience habits and revenue streams,” Bill Kramer, the chief executive of the Academy of Motion Picture Arts and Sciences, said in an email. The academy plans to use about $300 million of the new funds to bring its endowment to $800 million; the remainder will go toward operating expenses and special projects. The academy currently has an annual operating budget of about $170 million, 70 percent of which comes from its Oscars broadcast deal with Disney and ABC, which runs through 2028. About $45 million of the operating expenses are used by the Academy Museum of Motion Pictures.
Persons: Bill Kramer, Organizations: Motion Picture Arts, Sciences, Academy of Motion Picture Arts and Sciences, Disney, ABC, Academy Museum of Motion Pictures Locations: Rome, Italian
The main campus of the bankrupt San Francisco Art Institute, which is home to a beloved Diego Rivera mural, has been sold to a new nonprofit organization led by the philanthropist Laurene Powell Jobs. The nonprofit, made up of local arts leaders and supporters including Powell Jobs, the widow of the Apple co-founder Steve Jobs, bought the campus — which has been plagued by debt — through a limited liability company, for about $30 million. The sale, reported earlier in The San Francisco Chronicle, includes “The Making of a Fresco Showing the Building of a City,” a 1931 mural by Rivera, which has been valued at $50 million and will remain in a viewing room. The former school will house an unaccredited institution that will include a residency program where artists can “develop their work and show their work,” said David Stull, the president of the San Francisco Conservatory of Music, who is a member of the new nonprofit organization’s advisory committee. He described the new center “as a platform for supporting artists and creating a center for the community around art.”
Persons: Diego Rivera, Laurene Powell Jobs, Powell Jobs, Steve Jobs, Rivera, , David Stull Organizations: San Francisco Art Institute, Apple, San Francisco Chronicle, San Francisco Conservatory of Music Locations: City,
In the interim, the museum is being led by three of its deputy directors: Naomi Beckwith, the chief curator; Sarah Austrian, the general counsel and secretary; and Marcy Withington, the chief financial officer and acting chief operating officer. Recently, the Guggenheim temporarily closed its entrance on Fifth Avenue after a protest inside the museum denouncing Israel’s military airstrikes in Gaza. Moreover, the Guggenheim Abu Dhabi — designed by Frank Gehry, who also did the museum’s Bilbao satellite in Spain — has been delayed, in part by protests over the plight of migrant workers on the project, but is now scheduled to open in 2026. Westermann said it was too soon for her to say anything about Guggenheim Abu Dhabi, “except that I have been excited to see the building rising so near to me in a truly remarkable district of institutions of art, natural history, science and culture.”She added that she was well aware of the hurdles involved in running “four very distinctive museums in four distinguished buildings in four very dynamic cities.”“The demands on museum directors today are very complicated,” she said. “The skill set you need for a constellation like the Guggenheim is a challenge and opportunity that seems well mapped onto the kinds of experiences I’ve had.”
Persons: Naomi Beckwith, Sarah Austrian, Marcy Withington, Westermann, Nancy Spector, Abu Dhabi, Frank Gehry, Spain —, I’ve, Organizations: Sackler, Guggenheim, Abu Locations: Gaza, Spain, Abu Dhabi,
During Art Basel Miami next month, St. Fleur said that he intended to visit the art fairs with former N.B.A. players like Deron Williams, Courtney Lee and Amar’e Stoudemire, and that he was arranging a private dinner for some of his athlete clients at a collector’s home on Star Island. There are other signs that the influence of athletes who collect art has been growing in recent years. He served on the board of advisers of the Hammer Museum in Los Angeles and now serves on the board of the Hirshhorn in Washington. “I wanted to think outside the box and give our players #athletes an opportunity to engage with ART done by African American Artists and respond to the cultural richness of these artists, as well as draw their own interpretation of the works.”
Persons: Kevin Love, Cindy Sherman, Cy Twombly, Ernie Barnes, Fleur, Deron Williams, Courtney Lee, Amar’e Stoudemire, Keith Rivers, Kerry James Marshall, Sonia Gomes, Thaddeus Mosley, Elliot Perry, , Organizations: Miami Heat, Art Basel Miami, Star, Art Foundation, Hammer Museum, Hirshhorn, Memphis Grizzlies, American Artists Locations: New York, Manhattan, Los Angeles, Washington
With the help of an outside search firm, the Hammer board will choose a successor that it will then propose to the University of California, Los Angeles, which took over the management of the museum after Hammer’s death. In a period of heightened awareness about the scarcity of Black and Latino museum directors, Marcy Carsey, the Hammer’s chairwoman, said that the search would include a diverse pool of candidates. “The Hammer is Annie and Annie is the Hammer,” she said. “It made me think about how short life is, but also think about what’s best for this institution,” she said. “There is a generational shift happening — it’s a really important moment — and it’s time for the next person to come into this place and take it to the next level.”
Persons: Hammer, Marcy Carsey, Carsey, Annie, , , ” Philbin Organizations: University of California Locations: Los Angeles
“Irving made it possible for us to buy that work of art, pure and simple,” said Glenn D. Lowry, MoMA’s longtime director. Born Dec. 1, 1930, in New York, where his father owned furniture stores, Blum moved to Phoenix when he was 10. Blum met the collectors who came to visit galleries in the area. Blum came back with a painting by Josef Albers — a pioneer of color in abstract art — and he was on his way. Then in 1956 the gallerist David Herbert took Blum to meet Ellsworth Kelly.
Persons: “ Irving, , Glenn D, Lowry, MoMA’s, Warhol, ” Blum, Ellsworth Kelly’s, Frank Stella’s “, Blum, Hans Knoll, Betty Parsons, Sidney Janis, Eleanor Ward, Martha Jackson —, , Sam Kootz, Florence Knoll, Josef Albers —, David Herbert, Ellsworth Kelly Organizations: Museum of Contemporary Art, Air Force Locations: Frank Stella’s “ Ctesiphon, Los Angeles, New York, Phoenix, Tucson, German, Knoll, Midtown Manhattan, Connecticut
For years the Metropolitan Museum of Art housed its directors in a $5 million apartment on Fifth Avenue, where they lived for free and paid no taxes on that benefit. The American Museum of Natural History’s president also lived for decades in a rent-free, tax-free luxury East Side apartment owned by the museum that is just down the block from Central Park. The Los Angeles County Museum of Art long provided its director with a Tudor home valued at more than $6.5 million, and later a more modest mansion valued at $2.4 million. But in recent years, as art organizations contend with financial struggles at a time of heightened sensitivity around issues of income inequality, cultural institutions have begun to revisit — and in some cases roll back — the perks they give top executives.
Organizations: Metropolitan Museum of Art, American Museum, Natural, Los Angeles County Museum of Locations: Central Park, Los
I want to know where the tweed came from. Lanky and elegant at almost 6-foot-4, Titus, who turns 34 on Tuesday, seems born into the wrong century. He views “with romance” the days when bus tokens had holes and he had to call on the land line to reach his friend Philip. The subjects of his paintings swing rackets in tennis whites, slow dance in full skirts, play the horn in fedoras. At the same time Titus is very much a product of his own generation, having grown up as the son of Andres “Dres” Vargas Titus, a member of the seminal rap group Black Sheep (of the 1991 hit, “The Choice Is Yours”), and formed his own successful punk band, Cerebral Ballzy, in 2008.
Persons: tweed, Titus, Philip, Andres “ Dres ” Vargas Titus Locations: California, Beverly
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