Jerrold Perenchio

Los Angeles Art Museum Receives Largest Single Donation - 47 Works of Art at $500 Million

At the Los Angeles County Museum of Art (LACMA), L.A.-based philanthropist and business leader A. Jerrold Perenchio announced his agreement to bequest the most significant works of his collection to LACMA's planned new building for its permanent collection. The promised gift will dramatically transform the museum's collection of nineteenth and twentieth-century European art. Consisting of at least forty-seven works including paintings, works on paper, and sculpture, the majority of the collection is focused on the 1870s through the 1930s—an era that gave rise to some of the most radical and inventive moments in the history of art.