Billionaire Steven Cohen Gives $50 Million Gift to Museum of Modern Art
- Cohen foundation donation to support New York MoMA expansion
- MoMA creates Steven and Alexandra Cohen center for exhibitions
The ground floor and outdoor sculpture garden at the newly renovated Museum of Modern Art in New York.
Source: NY Daily News Archive via Getty ImagesBillionaire Steven A. Cohen and his wife Alexandra gave $50 million to the Museum of Modern Art in New York for its capital campaign.
The unrestricted gift, made through the Steven and Alexandra Cohen Foundation, will support MoMA’s expansion project that will add 50,000 square feet of gallery space -- a 30 percent increase -- when it’s completed in 2019. Cohen, who joined the museum’s board of trustees in 2016, is the latest billionaire to contribute to the $400 million expansion. David Geffen donated $100 million in 2016.