The Museum of Fine Arts, Boston has announced a $10 million gift from Bank of America, including art valued at $5 million.

The cash component of the gift will be used to support museum exhibitions, programs, operating expenses, and capital improvements, in addition to special events in conjunction with the opening in November of the museum's Art of the Americas wing and Ruth and Carl J. Shapiro Family Courtyard. The donated art includes Ellsworth Kelly's Blue Green Yellow Orange Red (1968), as well as other works from the Bank of America Collection, one of the oldest and largest corporate holdings of art in the world.

With its latest gift, BofA becomes the museum's largest corporate supporter. In recognition of the gift and the bank's longtime support, the plaza in front of the museum's Huntington Avenue entrance has been renamed the Bank of America Plaza on the Avenue of the Arts.

"Bank of America has been a preeminent supporter of arts and culture for many years — around the globe as well as here in Boston," said MFA director Malcolm Rogers. "This gift of funds, in addition to this iconic painting by Ellsworth Kelly, affirms the company's position as a civic leader and its strong commitment to both the museum and the cultural life of the city of Boston."