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The next gift on display at the Brooklyn Museum in New York is a $50 million endowment that could boost the Museum’s annual budget by another $4 million.
With the gift, Mayor Bill de Blasio has provided an additional $1 million a year for the general fund to expand programming.
“And when New Yorkers visit the Brooklyn Museum, they get a first-class view of our city, an enormous dose of community activism and a sense of hope,” de Blasio said in a statement.
This is the second time in the past five years the City of New York has gifted the Brooklyn Museum with proceeds from the sale of spaces at public housing sites across the city.
The items used for the exhibit will be auctioned in November to help pay for the endowment.
The Brooklyn Museum’s exhibit will focus on American musical styles from the 19th and 20th centuries, including jazz, blues, rock and pop.
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