Wednesday, September 27, 2017
Yahoo Co-Founder Gives $25 Million to San Francisco’s Asian Art Museum
In a rare example of high-level cultural philanthropy from Silicon Valley’s entrepreneurial elite, Jerry Yang, a Yahoo co-founder, and his wife, Akiko Yamazaki, have pledged $25 million toward a $90-million transformation project of the Asian Art Museum here. It marks the largest financial gift in the history of the museum, which is owned by the city but privately operated.
“We are in the right place at the right time,” said the museum’s director, Jay Xu, of the gift, which brings the pan-Asian museum up to the $61-million mark for fund-raising. “Both Akiko and Jerry stand out for their support of the arts and culture sector.” . . .