Barnes Foundation passes $200 million mark for new home
The Barnes Foundation announced it has surpassed the $200 million fundraising target for construction of its new facility in Philadelphia.
The foundation, which has struggled financially in its longtime location in Merion, Pa., also reported that it has seen rapid growth in museum membership — from 400 members two years ago to more than 10,000 now.
The announcement means that about $40 million in new donations have been booked over the last year or so. Officials provided no details about the sources of the funds, although they said all donors were private.
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%0D%0A%20%20The%20foundation,%20which%20has%20struggled%20financially%20in%20its%20longtime%20location%20in%20Merion,%20Pa.,%20also%20reported%20that%20it%20has%20seen%20rapid%20growth%20in%20museum%20membership%20—%20from%20400%20members%20two%20years%20ago%20to%20more%20than%2010,000%20now.%0D%0A<%2Fp>%0D%0A
%0D%0A%20%20The%20announcement%20means%20that%20about%20$40%20million%20in%20new%20donations%20have%20been%20booked%20over%20the%20last%20year%20or%20so.%20Officials%20provided%20no%20details%20about%20the%20sources%20of%20the%20funds,%20although%20they%20said%20all%20donors%20were%20private.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Fbarnes-foundation-passes-200-million-mark-new-home%2F" target="_blank" class="email" data-post-id="18737" type="icon_link"> Email Email
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