Imagine Your Gallery Here

Dallas Museum of Art Receives $17 Million Endowment

Dallas Museum of Art trustee and past chairman Marguerite Steed Hoffman

Dallas Museum of Art trustee and past chairman Marguerite Steed Hoffman

The Dallas Museum of Art (DMA) received a major gift from DMA trustee and past chairman Marguerite Steed Hoffman. The gift will expand and enhance the museum’s European Art collection focusing on Renaissance and Baroque eras. The gift is a $17 million endowment.

The gift is split between acquisitions of art and operating support of the acquisitions, exhibitions and programs. The split is 80 percent acquisitions ($13,600,000) and 20 percent operations ($3,400,000). The new gift will more than double the DMA’s acquisition endowment, which is now at $50 million.

Maxwell L. Anderson, The Eugene McDermott Director of the Dallas Museum of Art, said, “Marguerite Hoffman’s incredibly generous gift, in her name and that of her late husband, Robert, creates an extremely exciting opportunity for the DMA to build our collection of European art in unprecedented ways.”

The DMA’s European collection is strong in late 19th- and early 20th-century works. The most significant works in the collection are of French impressionism and post-impressionism, which includes works by Degas, Monet and van Gogh. But the collection is severely lacking in master works from the Renaissance and Baroque periods. The DMA recently missed out on acquiring da Vinci’s Salvator Mundi (c.1499-1542).

“There is no greater pleasure for me than to help the DMA strengthen its already remarkable collection,” Mrs. Hoffman said in announcing the gift. “The Museum deserves the resources to increase the scope of its European holdings, and I am honored to be able to do this for the Museum and the people of Dallas on behalf of Robert and myself.”

Prior to this recent gift, Marguerite and Robert Hoffman were already significant benefactors at the museum. In 2005, the DMA announced a magnanimous gift of modern and contemporary collections from Marguerite and Robert Hoffman, Cindy and Howard Rachofsky, and Deedie and Rusty Rose. The idea for the unprecedented gift came from the Hoffmans.

The DMA’s modern and contemporary collections now include works by Jasper Johns, Robert Rauschenberg, Cy Twombly, Brice Marden, Gerhard Richter and many others.

Mrs. Hoffman’s latest at of generosity will significantly improve another facet of the museum’s collection.

About Dallas Art News

Dallas Art News is art news, reviews, calendars, museums and galleries for Dallas, Fort Worth and around Texas.

Comments are closed.