Former Univision CEO Promises $500 Million Art Collection to Lacma

Courtesy Atelier Peter Zumthor & Partner

Jerry Perenchio, the former chairman and chief executive of Univision Communications, has promised his $500 million private collection of art to the Los Angeles County Museum of Art (Lacma). The bequest goes into effect after the donor’s death, but there’s a catch: The institution must first construct an ambitious new building, currently slated for completion in 2023.

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