Collection
When she founded the museum, Marcia Tucker decided it should buy works and sell them 10 years later so that its collection would always be new. It was an innovative plan that was never carried out. In 2000, the museum accepted its first corporate donation of artworks. The museum now has a modest collection of about 1,000 works in many media. In 2004, it joined forces with the Museum of Contemporary Art, Chicago and the Hammer Museum in Los Angeles in raising $110,000 from two foundations -- $50,000 from the American Center Foundation and $60,000 from the Peter Norton Family Foundation -- to help pay for commissioning, buying, and exhibiting the work of emerging young artists.
Read more about this topic: New Museum
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