Released September 11, 2014
GIFT SUPPORTS MUSEUM'S ADVANCEMENT CAMPAIGN AND CREATES LONG-TERM SUSTAINABILITY FOR PEM'S CHANGING EXHIBITIONS PROGRAM
SALEM, MA -- The Peabody Essex Museum (PEM) announces a major donation from The Lynch Foundation to establish an endowment for the museum's changing exhibition program. A pledge of $5 million ensures that PEM will be able to present compelling, meaningful and cutting-edge exhibitions for decades to come. This generous gift supports PEM's landmark Advancement Campaign.
"This enlightened approach to giving is the bedrock of institutional sustainability and enables PEM to continue to create art and cultural experiences that materially impact people's lives by expanding their view of themselves and the wider world," says Dan L. Monroe, The Rose-Marie and Eijk van Otterloo Director and CEO of the museum. "We are deeply grateful to The Lynch Foundation for believing in our mission and supporting the museum's innovative exhibition program that has touched millions of lives globally."
Since 2009, PEM's exhibitions have travelled to 16 museums across the U.S. and abroad and it has co-organized exhibitions with organizations in Great Britain, The Netherlands and China. The museum's curatorial team boasts expertise in diverse arenas of global art and culture and is credited with organizing highly popular, award-winning exhibitions, such as: Joseph Cornell: Navigating the Imagination; Shapeshifting: Transformations in Native American Art; Golden: Dutch and Flemish Masterworks from the Rose-Marie and Eijk van Otterloo Collection; The Emperor's Private Paradise: Treasures from the Forbidden City and Rare Bird of Fashion: The Irreverent Iris Apfel.
"As an active board member for nearly two decades, I've witnessed first-hand the tremendous growth and ambition of this museum," says Carolyn A. Lynch, president and chairman of The Lynch Foundation. "Guided by a bold curatorial vision, PEM's exhibitions are able to make an indelible impact on the creative economy and are vital to the global conversation about art and ideas."
Thanks to the generosity of The Lynch Foundation, PEM is organizing a diverse array of forthcoming exhibitions that will tour nationally and internationally, including: American Epics: Thomas Hart Benton and Hollywood -- the first major exhibition of Thomas Hart Benton (1889-1975) in more than 25 years -- #Strandbeest -- the first North American tour of Theo Jansen's famed kinetic sculptures -- as well as Asia in Amsterdam, organized in partnership with the Rijksmuseum, which explores the impact that Dutch trade in Asia had on the art and culture of the Netherlands in the 17th century.
ABOUT THE LYNCH FOUNDATION
The Lynch Foundation forges partnerships with nonprofit organizations whose innovative, sustainable ideas have the potential to multiply and impact the lives of the greatest number of people. The Foundation takes a deep interest in a potential grantee's mission, goals and needs, and provides guidance and resources that extend beyond financial assistance.
PEM ADVANCEMENT CAMPAIGN
PEM's visionary $650 million Advancement Campaign will ensure that one of the nation's oldest art museums will continue to adapt and thrive in the centuries ahead. The Campaign is distinct for its focus on endowment and long-range planning, as well as its emphasis on fulfilling the museum's mission.
In 2013, The Wall Street Journal called PEM's institutional focus on endowment a "retooling [of] the traditional business model for museums." When the Campaign is complete, the museum expects to finance 58 percent of its annual budget from the endowment, an economic stability that The Journal notes," very few other museums come close to."
ABOUT THE PEABODY ESSEX MUSEUM
The Peabody Essex Museum (PEM) is one of the oldest and fastest growing museums in North America. At its heart is a mission to enrich and transform people's lives by broadening their perspectives, attitudes and knowledge of themselves and the wider world. PEM celebrates outstanding artistic and cultural creativity through exhibitions, programming and special events that emphasize cross-cultural connections, integrate past and present and underscore the vital importance of creative expression. Founded in 1799, the museum's collection is among the finest of its kind boasting superlative works from around the globe and across time -- including American art and architecture, Asian export art, photography, maritime art and history, as well as Native American, Oceanic and African art. PEM's campus affords a varied and unique visitor experience with hands-on creativity zones, interactive opportunities, performance spaces and historic properties, including Yin Yu Tang: A Chinese House, a 200-year-old house that is the only example of Chinese domestic architecture on display in the United States. HOURS: Open Tuesday-Sunday, 10 am-5 pm, and the third Thursday of every month until 9 pm. Closed Mondays, Thanksgiving, Christmas and New Year's Day. ADMISSION: Adults $18; seniors $15; students $10. Additional admission to Yin Yu Tang: $5. Members, youth 16 and under and residents of Salem enjoy free general admission and free admission to Yin Yu Tang. INFO: Call 866-745-1876 or visit pem.org