Edward and Betty Marcus Foundation Awards $9 Million to Austin Art Museum

The has announced a $9 million grant from the Dallas-based to fund a sculpture park.

Roughly $5 million of the grant will be used to commission and acquire sculptures and site-specific permanent installations to be shown outdoors at the twelve-acre Laguna Gloria estate, one of the museum's two venues. Another $2 million will be used to create an endowment for the maintenance and conservation of the works, while the remaining $2 million will fund a series of commissions, exhibitions, and public engagements at the site, which will be named the Betty and Edward Marcus Sculpture Park in recognition of the gift.

Founded by Betty Marcus in 1984, the Marcus Foundation has long supported the visual arts across the state of Texas, with a focus on visual arts education. Its most recent grant was determined by a selective competition designed to award the foundation's $9 million corpus to "the Texas institution that proposes the most innovative, visionary visual arts initiative for the future."

"Betty and Edward Marcus will always be remembered as the trailblazers for contemporary art in Dallas," said Louis Grachos, the Ernest and Sarah Butler executive director of the museum. "Even though they went far beyond the visual arts in their philanthropy, they especially embraced the immediate creativity of living artists and the vibrancy that contemporary art can instill in a community. We are tremendously grateful to the Edward and Betty Marcus Foundation for recognizing the extraordinary potential of our new mission at the Contemporary Austin and for moving us ahead by a giant step."

"." Contemporary Austin Press Release 09/10/2013.