Mellon Foundation, Getty Trust Pledge $13 Million to 'Grand Bargain'

The Detroit Institute of Arts has announced pledges totaling $13 million from the Andrew W. Mellon Foundation and the J. Paul Getty Trust toward the museum's commitment to raise $100 million toward a "grand bargain" designed to offset pension and healthcare costs for retired city employees and prevent its collection from being sold to meet the city's obligations.

The pledges include $3 million from the Getty Trust and $10 million from the Mellon Foundation, with $5 million of Mellon's pledge contingent on the museum raising matching funds to meet its $100 million commitment. The latest commitments bring to $39 million the amount publicly announced by DIA to date, although board chair Eugene Gargaro, Jr. said earlier this week that it has received roughly $70 million in pledges. Proposed by Chief U.S. District Judge Gerald Rosen, the "grand bargain" would provide city pensioners with more than $800 million from donors, foundations, and the state of Michigan over twenty years.

"While these funds will ultimately support city pensioners, the contributions from the Mellon Foundation and the J. Paul Getty Trust demonstrate their deep commitment to the visual arts as a crucial factor in a healthy society," said DIA director Graham W.J. Beal. "The Mellon Foundation has long supported curatorial and conservation activities at the DIA and we are deeply grateful that the J. Paul Getty Trust chose to join them in helping ensure the future of the museum."

"The Getty is proud to participate with other distinguished supporters in addressing the unique situation that is currently facing the DIA, through no fault of its own," said James Cuno, president and CEO of the J. Paul Getty Trust. "As an organization dedicated to the visual arts, the Getty is offering its support to promote a resolution that leaves intact this great institution."