Skip navigation
Annenberg School of Communication and Journalism University of Southern California
Top Stories

LACMA Presented With Big Donation

The museum receives biggest donation in its history.

Jerrold Perenchio, former Univision Communications Chairman and CEO, made a $500 million promise to the Los Angeles County Museum of Art today.

The 83 year old said his will includes a donation of at least 47 paintings valued at $500 million. This is the largest donation in LACMA’s 53 year history.

“L.A. is my home, and I wanted to leave [the 47 paintings] to a museum here,” said Perenchio in a press release Thursday.

The donation will only happen once LACMA finishes constructing a 400,000 square foot museum campus. Construction is set to begin in 2023. Perenchio’s collection features work from artists like Picasso, Monet and Degas.

“Gifts of this magnitude are incredibly rare, especially in the fields of Impressionist and Modern art,” said Michael Govan, LACMA CEO and Wallis Annenberg Director, in a statement on LACMA’s website.

The County Board of Supervisors approved $125 million to fund the LACMA campus construction that will display some of Perenchio’s 47 donated pieces.

In a news conference, Perenchio said he went public with his donation because he thought it would help raise more money for the new museum building.

More details about the LACMA announcement to come.

Leave a comment

We've Moved!

By Sam Bergum
01/21/16 | 11:09 a.m. PST

Visit us at!

USC Basketball Knocks Off Rival UCLA 89- 75

By Scott Cook
01/14/16 | 12:05 a.m. PST

USC defeats UCLA with stellar play from their Freshmen. 

Holiday Bowl - USC vs Wisconsin Post-Game Press Conference

Su'a Cravens: "It's the players that need to step up"

Darreus Rogers: "It comes down to the players"

Trojans Fall to Wisconsin in the Holiday Bowl 23-21

We detected that you might be on a mobile device such as an iPad or iPhone. Sorry, at this time the video box is only visible on desktop computers.