Israeli Billionaire Ofer Makes Gift to Expand Tate Modern

Israeli shipping billionaire Eyal Ofer has donated 10 million pounds ($15.2 million) to the Tate Modern of London, helping to fund the biggest expansion in the museum’s 13-year history.

The gift from the Eyal Ofer Family Foundation continues the family’s history of supporting U.K. institutions started by his father, Sammy Ofer, and will help bankroll a new building that will increase the museum’s size by 60 percent. The new structure will house contemporary visual works, such as photography and performance art.