David Geffen Foundation Donates $25 Million to Academy Museum of Motion Pictures
The Academy of Motion Picture Arts and Sciences is getting to work on building a new museum at the corner of Wilshire and Fairfax, and they now have another $25 million at their disposal, thanks to a massive donation from the David Geffen Foundation.
Variety reports that the organization's gift will result in a theater at the museum being named the David Geffen Theater.
According to Deadline.com, the donation is part of a $300 million capital campaign that's being co-chaired by Annette Bening and Tom Hanks.
The design for the theater sounds like it will handily restore the outside of the building as well, which is located on LACMA's campus:
The design for the Academy Museum fully restores the Wilshire and Fairfax street-front facades of the original 1939 Streamline Moderne building. It also includes a spherical wing at the northern end of the original building that will replace an extension made to the structure in 1946. Designed to represent the marriage of art and technology, the wing will house The David Geffen Theater and will be a spectacular new piece of contemporary architecture that will perfectly complement the historic building.
The Academy's website notes that the building will be designed by architects Renzo Piano and Zoltan Pali.