BEVERLY HILLS, CA – The Academy of Motion Picture Arts and Sciences announced today that it has received a $25 million commitment from The David Geffen Foundation for the Academy Museum of Motion Pictures. The gift was made as part of the Academy Museum’s $300 million capital campaign and is the largest commitment received to date. In recognition of this gift, the Academy will name the Museum’s premiere-sized theater The David Geffen Theater.
“David’s support of this project is transformative,” said Academy Museum Campaign Chair Bob Iger. “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,” added David Geffen. “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.” (more…)