http://www.sportscarmarket.com/news/290 ... foundationPetersen Automotive Museum Foundation Receives Gift of $100,000,000 From Margie Petersen and the Margie and Robert E. Petersen Foundation
Steven E. Young, Chairman of the Petersen Automotive Museum Foundation's Board of Directors, announced today that the Museum Foundation has received a gift of approximately $100 million from Margie Petersen and the Margie & Robert E. Petersen Foundation.
This donation is comprised of a substantial unrestricted financial gift, a matching challenge, the 300,000-square-foot building that the Museum has occupied since it opened in 1994, and an important collection of cars assembled by the late Robert E. Petersen during his lifetime.
This donation ensures that the Museum will continue to grow in importance as one of Los Angeles' premier museums, and the largest and most acclaimed automobile museum in the United States.
"I am thrilled to make this gift, which continues what Mr. Petersen and I began two decades ago, to build the most important automotive museum in the nation," said Margie Petersen. "My intent in doing this is to provide the Museum with the necessary resources to continue to enhance its collections, curatorial expertise and exhibitions so that generations to come will be able to forever know the history of the automobile and its role in the evolution of our nation's transportation system.
"I am fulfilling a vision that Mr. Petersen and I shared and planned to do someday. I am so happy that this day has come and that I can launch the Museum into a new era of growth and expansion. While I expect the resources of the Museum to be available to the world, this gift is especially designed to the benefit of the Los Angeles community where we made our lives together."
I need to make it a point to visit this next time I'm in LA. Can't believe I haven't seen the museum yet.