J. Paul Getty Trust
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| Founders | J. Paul Getty |
|---|---|
| Founded | 1982 |
| Headquarters | Los Angeles, California, United States |
| Focus | Aims to further knowledge and nurture critical seeing through the growth and presentation of its collections and by advancing the understanding and preservation of the world's artistic heritage. |
| Method | Grants, Research |
| Endowment | $4.2 billion USD |
| Website | www.getty.edu |
The J. Paul Getty Trust is the world's wealthiest art institution with an estimated endowment in April 2009 of $4.2 billion.[1] Based in Los Angeles, California, it operates the J. Paul Getty Museum, which has two locations, the Getty Center in Los Angeles and the Getty Villa in Malibu, California. Its other programs are the Getty Foundation, the Getty Research Institute, and the Getty Conservation Institute.
[edit] History
The J. Paul Getty Museum Trust was established by oilman J. Paul Getty in 1953. Getty died in 1976 and left the bulk of his estate, including nearly $660 million worth of stock in Getty Oil, to the J. Paul Getty Museum Trust. Legal conflicts over the will took years to resolve, but in 1982 the trust finally received Getty's full bequest. The trust began to add a number of new programs in 1982, and in February 1983, it petitioned the court to change its name to the J. Paul Getty Trust. [2]
On December 4, 2006, the trust announced the hiring of art historian James N. Wood as the trust's new president and CEO, replacing Barry Munitz, who was forced to step down earlier in the year.[3][4]
[edit] References
- ^ Edward Wyatt, "Getty Fees and Budget Reassessed," The New York TImes, April 30, 2009, p. C1.
- ^ Miller, Russell, House of Getty (London: BBC Audiobooks America, 1987); ARTnews, April 1984.
- ^ The Big Payoff, Time.
- ^ Wood to Take Over J. Paul Getty Trust, The Washington Post.
[edit] External links
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