August 24, 2018

ICA Philadelphia Gifted $1 Million to Endow Curatorial Directorship

PHILADELPHIA, PENNSYLVANIA—The Institute of Contemporary Art in Philadelphia has received a $1 million gift from University of Pennsylvania alumnus Marc J. Leder. The funds will endow the directorship of curatorial affairs, which is currently held by Robert Chaney. Since joining the ICA in 2001, Chaney has managed all touring exhibitions. In addition, the institute announced that Leder, who graduated from the Wharton School at the University of Pennsylvania in 1983, has been appointed to the ICA’s board of overseers.

Commenting on the donation, ICA director Amy Sadao said that Leder’s “generous gift enables the nuts and bolts work necessary to realize exciting new commissions, groundbreaking exhibitions, and the touring of ICA projects.” She added, “Our director of curatorial affairs, Robert Chaney, works to remake the museum each season, and the Leder endowment guarantees that the most experienced and creative team will always lead ICA.”

Leder is cofounder and cochief executive officer of Sun Capital Partners, Inc., a global private equity firm. Since 1995, Sun Capital Partners, Inc., has invested in more than 360 companies worldwide across a broad range of industries. “I have a great passion for the arts in my personal life, and I’m proud this donation will further the mission of this institution and help bring its work to a larger audience,” said Leder. “ICA’s legacy in fostering young artists and promoting a culture that includes masters like Warhol and Twombly is second to none. Furthermore, I am excited about taking an active role on ICA’s board.”

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