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The Detroit Institute of Arts' Capital Campaign Reaches $100 Million With $7 Million Challenge Grant from Kresge Foundation.

Area's Largest Capital Campaign Continues to Build Momentum

DETROIT, July 6 /PRNewswire/ --

The Detroit Institute of Arts (DIA) and The Kresge Foundation announced at a press conference today a challenge grant of $7 million for the DIA's capital campaign, which will fund capital improvements, operating expenses and increase the museum's endowment. The DIA's campaign, "A New Day at Your DIA," was launched on April 21, 1999 with a combined gift of $50 million from Richard A. Manoogian, A. Alfred Taubman and Mrs. Walter B. Ford II. In just over one year, the capital campaign has raised more than $100 million.

"The DIA is delighted by The Kresge Foundation's generosity in helping us reach the $100 million milestone," said DIA director, Graham W.J. Beal. "The money will allow the DIA to implement dynamic strategies that will strengthen the museum and expand its role in the community. The support of The Kresge Foundation is a substantial step in allowing us to achieve our campaign goal as we strive to become even more accessible and responsive to the communities we serve."

There are two distinct phases of the DIA's capital campaign. Phase One will raise $131 million over the next five years to support physical improvements and to sustain operations, while Phase Two will raise an additional $200 million by 2009, which will allow the DIA to become less dependent on public funding. The DIA recently increased its campaign goal to include a building addition to its South Wing.

The Kresge Foundation has a long-standing history with The Detroit Institute of Arts, including a $1.9 million grant in 1981 that helped fund the interior renovation of what is now Kresge Court, and a gift in 1970 that assisted in the establishment of the museum's conservation lab. The new $7 million challenge grant is funded through the foundation's Detroit Initiative, which supports strategic investment in metropolitan Detroit organizations to improve the quality of life in the region.

"This is an historic grant for the foundation. We believe this is a critical time to support The Detroit Institute of Arts," said Bruce A. Kresge, chairman of the Kresge Foundation, while announcing the challenge grant. "With this grant we are endorsing the further development of new collaborations, new exhibition philosophies and strategies to make the DIA a more attractive and utilized resource for the community."

Responding to the announcement, John E. Marshall, III, president of the foundation said, "We challenge others to join us to assist the leadership of the DIA and the City of Detroit to make this an attractive and compelling destination and to support the expansion and renovation of the facility."

"The support of The Kresge Foundation is a testament to their commitment to the community and the DIA is eager to build on the momentum this grant provides the region's largest capital campaign initiative ever," added Beal.

The DIA is located at 5200 Woodward Avenue in Detroit's University Cultural Center. Museum hours are Wednesdays - Fridays 11 a.m. - 4 p.m., open the first Friday of every month until 9 p.m., Saturdays and Sundays 11 a.m. - 5 p.m. Suggested admission is $4 adults, $1 children and free for DIA members. For more information contact the DIA at 313-833-7900 or visit the web site at www.dia.org .

The Kresge Foundation is an independent, private foundation created by the personal gifts of Sebastian S. Kresge. It is not affiliated with any corporation or organization.
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Publication:PR Newswire
Date:Jul 6, 2000
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