The Denver Art Museum announced today that it has exceeded the Andrew W. Mellon Foundation challenge to raise $1.5 million in support of conservation. The Mellon Foundation awarded the Museum $1.75 million in December 2005. Of that amount, $1.5 million was contingent upon the Museum raising an additional $1.5 million over the next two years for a total endowment of $3 million. The Museum completed the challenge campaign in December by raising $1,536,764 and received the final distribution of $566,486 from the Mellon Foundation in February 2007.
Overall, the endowment campaign received 19 gifts from 13 donors with a total of $213,450 in outright gifts. The campaign began and ended with gifts from an honorary trustee and great friend of the Museum, Robert L. Silber, who served as President of the Denver Art Museum 's Board of Trustees from 1963 to 1971. During the eight years of his dedicated leadership, the Development Fund was established and the first museum building, designed by Italian architect Gio Ponti, became a reality. The endowment campaign was formally launched in January 2006 when the Museum received its first gift in the amount of $89,500 from the estate of Mr. Silber. With the closing and final distribution of the Silber estate in December 2006, the DAM received a second gift of $570,000, which concluded the campaign in half the time.
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