Toyota
donates $1 million toward the Detroit Institute of Arts’ commitment to raise
$100 million as part of a “grand bargain” that will help the city of Detroit
emerge from bankruptcy.
“Detroit
and the surrounding areas are vitally important to the automotive community.
They deserve our support,” said Simon Nagata, president of Toyota Motor
Engineering and Manufacturing, Inc.
“Together we can find solutions to help Detroit become the
healthy and vibrant community that reflects the spirit of its people. This
commitment is a way to demonstrate our gratitude to the people who have built
this industry and support us every day,” he said.
“Toyota
has demonstrated its commitment to Detroit and Michigan by doing its part to
secure the DIA’s future while helping Detroit’s retirees,” said Eugene A.
Gargaro Jr., DIA board chairman. "We are extremely grateful for Toyota’s
generous support and know that it will motivate other donors and help pave the
way for a bright future, both for the City of Detroit and the DIA.”
As
part of the grand bargain, the City of Detroit will transfer any and all claims
of ownership of the DIA’s collection, building and related assets to the
private nonprofit corporation that currently operates the museum, Detroit
Institute of Arts, Inc., which will own the art works.
The
Detroit Institute of Arts is considered one of the top museums in the United
States and is home to more than 60,000 works ranging from the first Van Gogh
painting to enter a U.S. museum, Self-Portrait, 1887, to Diego Rivera’s
world-renowned Detroit Industry murals, which were created in the
museum in the 1930s.
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