Toyota commits $1 Million to help the City of Detroit and secure the Future of
the Detroit Institute of Arts
DETROIT, Aug. 6, 2014
DETROIT, Aug. 6, 2014 /PRNewswire/ --The Detroit Institute of Arts (DIA)
announced today that Toyota Motor North America pledged $1 million toward the
DIA's commitment to raise $100 million as part of a "grand bargain" that will
help the City of Detroit emerge from bankruptcy, support city pensioners and
protect the museum's art collection for the public.
"Toyota has demonstrated its commitment to Detroit and Michigan by doing its
part to secure the DIA's future while helping Detroit's retirees," said Eugene
A. Gargaro Jr., DIA board chairman. "We are extremely grateful for Toyota's
generous support and know that it will motivate other donors and help pave the
way for a bright future, both for the City of Detroit and the DIA."
"Detroit and the surrounding areas are vitally important to the automotive
community. They deserve our support," said Simon Nagata, president of Toyota
Motor Engineering and Manufacturing, Inc. "Together we can find solutions to
help Detroit become the healthy and vibrant community that reflects the spirit
of its people. This commitment is a way to demonstrate our gratitude to the
people who have built this industry and support us every day."
The grand bargain will provide Detroit's pensioners more than $800 million
from the DIA, local and national foundations and the State of Michigan over a
20-year period. The funds will be directed to a supporting organization of the
Community Foundation for Southeast Michigan and then disbursed for city
pension payments over the next 20 years. As part of the grand bargain, the
City of Detroit will transfer ownership of the DIA's collection, building and
related assets to the private nonprofit corporation that currently operates
the museum, Detroit Institute of Arts, Inc.
About Detroit Institute of Arts (DIA)
The Detroit Institute of Arts (DIA), one of the premier art museums in the
United States, is home to more than 60,000 works that comprise a multicultural
survey of human creativity from ancient times through the 21st century. From
the first Van Gogh painting to enter a U.S. museum (Self-Portrait, 1887), to
Diego Rivera's world-renowned Detroit Industry murals (1932–33), the DIA's
collection is known for its quality, range and depth. The DIA's mission is to
create opportunities for all visitors to find personal meaning in art.
Programs are made possible with support from residents of Wayne, Oakland and
Toyota (NYSE:TM), the world's top automaker and creator of the Prius, is
committed to building vehicles for the way people live through our Toyota,
Lexus and Scion brands. Over the past 50 years, we've built more than 25
million cars and trucks in North America, where we operate 14 manufacturing
plants (10 in the U.S.) and directly employ more than 40,000 people (more than
32,000 in the U.S.). Our 1,800 North American dealerships (1,500 in the U.S.)
sold more than 2.5 million cars and trucks (more than 2.2 million in the U.S.)
in 2013 – and about 80 percent of all Toyota vehicles sold over the past 20
years are still on the road today. For more information about Toyota, visit
SOURCE Toyota; Detroit Institute of Arts
Contact: DIA - Pamela Marcil, 313-833-7899, email@example.com, or Toyota -
Cynthia Mahalak, 734-788-3214, firstname.lastname@example.org
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