The David Geffen Foundation donated $25 million to the Academy of Motion Picture Arts and Sciences as part of the Academy’s $300 million capital campaign to raise funds for its new Museum of Motion Pictures. In recognition of the gift, the Academy will name the Museum’s premiere-sized theater The David Geffen Theater.
“David’s support of this project is transformative,” Academy Museum campaign chair Bob Iger said. “It takes a large and diverse group of supporters to build a project on the scale of the Academy Museum. David joins an esteemed group of individuals, companies and foundations who are leading the charge.”
The Academy launched the Museum’s capital campaign in 2012 and has already secured more than half of the campaign’s goal in commitments. The campaign is co-chaired by Annette Bening and Tom Hanks.
“I’m pleased to support the Academy Museum of Motion Pictures,” Geffen added. “This is an exciting opportunity to be part of the creation of an iconic architectural space and cultural institution that will combine the best of the old and the new and provide a permanent public home for the Academy’s rich tradition of honoring the shining stars of the cinematic arts.”
Designed by architects Renzo Piano and Zoltan Pali, the Academy Museum will be located next to the Los Angeles County Museum of Art (LACMA) in the historic Wilshire May Company building. Slated to open in early 2017, the Academy Museum will contain nearly 300,000 square feet of state-of-the-art galleries, exhibition spaces, theaters, screening rooms, education centers and special event spaces.
The design for the Academy Museum fully restores the Wilshire and Fairfax street-front facades of the original 1939 Streamline Moderne building. It also includes a spherical wing at the northern end of the original building that will replace an extension made to the structure in 1946. Designed to represent the marriage of art and technology, the wing will house The David Geffen Theater.
The David Geffen Theater will be in operation throughout the year. Programming will include premieres of films, major retrospectives, in-depth symposia and high-profile special events.