Diverse Museum Donor Base Shows Changing Cleveland Giving
March 28, 2014 | Read Time: 1 minute
The Cleveland Museum of Art’s capital campaign to finance its newly finished expansion and renovation demonstrates how wealth and philanthropy have changed in the city in the last half-century, writes The Plain Dealer in one of a series of articles this week on the state of the institution.
Unlike the two previous big cash infusions in the 101-year-old museum’s past, which involved a single donor or handful of donors, the $262-million raised so far in the current, $320-million drive has involved nearly 1,000 individual contributors as well as foundations, corporations, support groups, and the state and federal governments.
“There’s no one hero; no angel donor made this happen,” Fred Bidwell, the museum’s interim director, said of the expansion campaign. “Dozens of people made this happen.”
A $34-million endowment gift from industrialist Leonard C. Hanna Jr., worth $274-million in 2013 dollars, allowed the museum essentially to live for decades off its investment income. That began changing in the late 1980s, when rising expenses and a move by trustees to restrict access to the endowment necessitated a focus on fundraising, which led to more blockbuster exhibitions, amenities for members and donors, and outreach to previously ignored minority communities.