Fan Pier Cornerstone Institute of Contemporary Art Raises $25 Million

ICA Institute Contemporary Art Boston - Fan Pier Boston MA

ICA effort raises $25m as museum looks to future Article Courtesy of The Boston Globe | By Geoff Edgers The Institute of Contemporary Art, just five years after opening its first permanent home, is flexing its newfound financial muscle. The ICA will announce today that it has raised $25 million toward a $50 million campaign, the bulk of which will dramatically boost its endowment. That is an important step in stabilizing the museum’s future. The ICA opened an attention-getting building on Fan Pier in 2006, and it has since used innovative programming to spearhead a boom in regional attention to contemporary art. But it is working with an endowment of just $9.9 million, a figure dwarfed by the endowments at several other … [Read more...]

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