The museum’s director Anton Belov calls the move a priority for the institution
The Garage Museum of Contemporary Art. Source: Artforum
Moscow’s Garage Museum of Contemporary Art has launched an endowment fund to ensure its financial stability and is seeking donations, The fund will allow the non-commercial organisation to accumulate capital, invest it and spend earnings on financing its exhibitions, grant programmes and other initiatives, according to Artforum.
“The establishing of Garage Endowment Fund is an important stage in the museum’s transition from private art institution to public museum,” Belov said. “It provides financial security for the future and strengthens the ambitious, longterm plans which Garage has for the development of culture in Russia.”
The Garage Museum was founded by Dasha Zhukova and Roman Abramovich in 2008. The museum had changed several of locations before moving to its permanent home in Gorky Park in 2015. The pavilion was designed by Rem Koolhaas’s OMA studio.
More information about the art institution can be found here.
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