PORTLAND, Maine (AP) - The Portland Museum of Art has received the largest matching gift in the museum’s history.
Longtime American museum benefactors Judy and Leonard Lauder are providing $5 million to support the museum’s endowment. It’s designed to inspire other philanthropists to donate.
The Lauders said they were “overjoyed” to be able to provide the gift. They said they hope it will enhance and promote the financial integrity of “this magnificent Maine institution.”
In honor of the donation, the position of museum director will be named the Judy and Leonard Lauder Director of the Portland Museum of Art.
The donation marks the beginning of a plan to increase the endowment by $15 million. The goal is to grow the endowment to $40 million.
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