The $10 million will be dispersed in the form of grants ranging from $25,000 to $250,000, and the trust says it is working with the California Community Federation to distribute the money to smaller art institutions in the Los Angeles area.
The donation was just one of a string of timely philanthropic announcements as the art world struggles to find its feet during the unprecedented pandemic. Also on Thursday, the Helen Frankenthaler Foundation committed $5 million to artists and organizations across three years. Some $1.25 million of the total donation will immediately go to artists and institutions in the New York area, while the rest will be doled out over the three-year span.