Friday, March 18, 2016
Mellon Grant Aims to Raise $75 Million for National Gallery
The National Gallery of Art announced a $30 million challenge grant from the Andrew W. Mellon Foundation Thursday that could bring the Smithsonian museum two and a half times the pledged amount, reports The Washington Post.
Made to mark the Washington institution's 75th anniversary, the grant includes an initial $15 million that must be matched by $45 million from other sources over the next five years. If the match is met, the foundation will kick in another $15 million, bringing the total take to $75 million. . .