New Museum of Contemporary Art Receives $7 Million Gift

The New York City-based has announced that Mitzi and Warren Eisenberg and Susan and Leonard Feinstein have pledged a $7 million lead gift to name the museum's new building in downtown Manhattan. Given as a challenge grant, the gift brings the total amount pledged to the campaign to $20 million and raises participation of the museum's board to 100 percent.

"The extraordinary gift from the Eisenbergs and the Feinsteins is a great boost to our campaign," said board president Saul Dennison. "It has brought us much closer to our financial goals and has motivated the entire board to increase their giving to the campaign." Mitzi Eisenberg and Susan Feinstein are both museum trustees.

"My husband, Warren, and I have collected modern and contemporary art since the early 1990s, and our son Marty has also supported the New Museum for several years," said Eisenberg. "The museum's dedication to contemporary art and artists is unparalleled."

"New York City is the cultural capital of the nation, and the new New Museum will provide visitors to the city with an experience that is unmatched by others," said Susan Feinstein. "The new building will be a new landmark for the city."

Designed by the Tokyo-based architectural firm Sejima + Nishizawa/SANAA, the seven-story building will double the size of the museum's existing facilities. When completed, the building, a dramatic stack of rectangular boxes shifted off-axis and clad in silvery metal, will house column-free exhibition space, a media center, an auditorium and bookstore, classrooms, a study center, and a café. Construction will begin later this fall.

"." 02/14/2005.