Bank of America has committed a $10 million donation to Boston’s Museum of Fine Arts, the museum reports. Which we’ll take as a sign that the bank – which received a $45 billion government bailout beginning in fall 2008, and repaid it December 2009 after grumbling about executive compensation limits under the deal – is healthy again. Thank goodness.
In thanks for Bank of America’s donations of some $15 million to the MFA in recent years, the MFA has renamed the plaza in front of its Huntington Avenue entrance the “Bank of America Plaza on the Avenue of the Arts.” (The MFA renamed its Fenway entrance the State Street Fenway Entrance two years ago for State Street Corporation after the business donated $10 million to the MFA.)
The MFA says the promised donation comprises $5 million in gifts of art – including a 1968 painting by Museum School alum Ellsworth Kelly – plus $5 million in funding for exhibitions, programs, operating expenses, capital improvements, as well as special events celebrating the November opening of the MFA’s new Art of the Americas wing and Ruth and Carl J. Shapiro Family Courtyard.
The Kelly 1968 oil painting is “Blue Green Yellow Orange Red” (pictured below). Additional works are expected to be selected for the MFA from the Bank of America Collection as part of the gift.
Pictured above: Museum of Fine Arts Director Malcolm Rogers and Anne Finucane, Global Strategy & Marketing Officer, President Northeast of Bank of America. Photograph © Museum of Fine Arts, Boston. Pictured below: Ellsworth Kelly, “Blue Green Yellow Orange Red,” 1968.