On the heels of a combined $26-million donation from the big three U.S. automakers to help the troubled Detroit Institute of Arts, two charitable organizations said Wednesday they are pledging a total of $13 million toward the museum.
The Andrew W. Mellon Foundation is pledging $10 million, and the
Under terms of the grand bargain, the city of Detroit will transfer ownership of the DIA's art collection to the nonprofit organization that operates the museum.
Museum leaders around the country have voiced concern in recent months over the fate of DIA's collection after some Detroit leaders suggested that artwork be sold to help alleviate the city's financial burdens. The city declared bankruptcy in 2013.
Last month, the city's creditors put in motion an effort to appraise the museum's collection, about 66,000 pieces of art.
James Cuno, president and chief executive of
On Monday, automakers Ford,