The Getty, the world’s richest museum, hunts for wealthy patrons (2024)

Backed by the endowment of the J. Paul Getty Trust, which reached a record high of $6.9bn in 2017, the Getty easily ranks as the richest museum in the world. The related foundation is in the business of giving money away, from programming grants for the Pacific Standard Time: LA/LA festival to conservation funding. Yet the Getty recently joined the fundraising fray and began to solicit annual financial donations from individual patrons.

Maria Hummer-Tuttle and Joanne Kozberg, the respective chairs of the board of trustees and the patrons programme, sent potential donors a letter in December, just in time for tax-deductible gifts in 2017, that said: “We often say that the Getty can do anything, but it cannot do everything.” The letter invited supporters to “join with us in special initiatives that can raise the Getty to new heights”, especially education programmes and exhibitions.

The patrons plan has different levels, ranging from a “friend” ($1,000 a year) who can attend one exhibition opening with a guest, to a “partner” ($25,000 a year), who is invited to all openings and can reserve the private dining room at the Getty Center, up to a “benefactor” ($50,000 a year) who enjoys all of the above plus VIP top-of-hill parking.

The initiative started officially last spring, but December’s letter prompted questions from local museums professionals and experts. At a time when other museums are increasing their admission fees and struggling to raise money, is the Getty cutting into a much-needed source of funding?

“From the viewpoint of a philanthropy adviser, it’s better that donors have more opportunities,” says Scott Stover, the president of the Los Angeles-based firm Global Art Development, which advises cultural foundations. “But if I were working at a major museum here, such as Lacma, I would be pretty angry. There are limited funds, and it continues to be a very competitive environment.”

Lacma is still $200m short of its $650m fundraising target for a planned campus transformation by the architect Peter Zumthor. But a spokeswoman for the museum says it is not worried by the Getty’s fundraising activities. “All museums flourish through the support of their donor base—it can only be a good thing that other institutions grow their patron programmes.”

The president of the Getty Trust, James Cuno, says: “It’s not our intention to compete [with other Los Angeles museums] and it’s not the case that we have. We are not aggressively going after members of the boards at the Hammer or Lacma, for example.”

Beyond raising money, the Getty’s patrons initiative has other goals, Cuno says, such as fostering deeper and more dynamic relationships with the local community. “This makes us more entrepreneurial, more creative and more engaging. When you have your own resources and you don’t need other people, you remain set in your ways.”

Cuno has also expanded the institution’s range of support groups, which before his arrival in 2011 focused on paintings, photographs, the Getty Villa and the Getty Research Institute. New additions, each with annual dues, include the Getty Conservation Institute Council, the Museum Director’s Council, the President’s International Council and a drawings council.

The patrons programme is intended to complement the councils and is “pitched to a level that allows many more people to join”, Cuno says. It also responds to popular demand: “We regularly receive requests to join the Friends of the Getty, and we had to say that we don’t have a Friends of the Getty.”

The collector Mihail Lari, a member of the board of overseers at the Hammer Museum, says he understands the Getty’s thinking. He was so impressed by its Robert Mapplethorpe exhibition in 2016 that he sought to write a cheque for the museum, but there was no clear way to do so.

“Harvard has a $35.6bn endowment, yet many alumni continue to give significant donations, recently over $1bn annually,” Lari says. “So why not the Getty?” He notes, however, the inherent problem of fundraising for a well-endowed institution. “Many [Harvard] alumni only make a token or no contribution because there are so many other institutions that need our support more. That’s going to be the Getty’s challenge.”

The Getty, the world’s richest museum, hunts for wealthy patrons (2024)

FAQs

What is special about the getty museum? ›

Facts at a glance

The Museum at the Getty Villa is home to Greek, Etruscan, and Roman antiquities. Nearly 20 exhibitions are mounted each year at both locations. Collections contain more than 125,000 separate objects. Less than three percent of the art currently on view was personally acquired by J.

Which is the richest museum in the world? ›

The J. Paul Getty Trust is the world's wealthiest art institution, with an estimated endowment of US$7.7 billion in 2020.

Was Getty the richest man in the world? ›

Paul Getty (born December 15, 1892, Minneapolis, Minnesota, U.S.—died June 6, 1976, Sutton Place, Surrey, England) was an American oil billionaire reputed to be the richest man in the world at the time of his death. He owned a controlling interest in the Getty Oil Company and in nearly 200 other concerns.

Who pays for the getty? ›

Backed by the endowment of the J. Paul Getty Trust, which reached a record high of $6.9bn in 2017, the Getty easily ranks as the richest museum in the world. The related foundation is in the business of giving money away, from programming grants for the Pacific Standard Time: LA/LA festival to conservation funding.

What is the most famous piece at the Getty? ›

Among the best–known works are Pontormo's Portrait of a Halberdier, Orazio Gentileschi's Danaë, Rembrandt's An Old Man in Military Costume, Turner's Modern Rome, Manet's Jeanne (Spring), and Van Gogh's Irises.

Who inherited the Getty fortune? ›

Log in . Ivy Getty is the great-granddaughter of American oil tycoon and industrialist Jean Paul Getty. She is also an heiress to the family's vast fortune, once valued at $5.4 billion. In 2020, she married photographer Tobias Engel, but she reportedly filed for divorce in January.

Who owns the getty? ›

The J. Paul Getty Museum, commonly referred to as the Getty, is an art museum in Los Angeles, California housed on two campuses: the Getty Center and Getty Villa. It is operated by the J. Paul Getty Trust, the world's wealthiest art institution.

How much was J. Paul Getty worth when he died? ›

Jean Paul Getty Sr.

At the time of his death, he was worth more than $6 billion (approximately $25 billion in 2023). A book published in 1996 ranked him as the 67th wealthiest American who ever lived (based on his wealth as a percentage of the concurrent gross national product.). Minneapolis, Minnesota, U.S.

How does the getty make money? ›

Paul Getty was one of America's most successful oilmen who was, if anything, an even more successful art collector. Getty acquired a number of oil companies before discovering and mining major oil deposits in Saudi Arabia, a feat which made him for some years the richest living American.

Is the Getty museum worth visiting? ›

The Getty Center is one of the most impressive architectural achievements in the United States – and it also contains some of the finest works of art in the world. The circular concrete-and-steel structure was designed by renowned architect Richard Meier, and it houses an abundance of art from various ages and nations.

Why are the Getty Villa gardens so special? ›

Inspired by ancient Roman models, gardens are integral to the Getty Villa and feature fountains, sculpture, and colorful plants known to have grown in the ancient Mediterranean.

What is the difference between the Getty Center and the Getty museum? ›

The Getty Center, located in Brentwood off the west side of the 405 freeway, showcases European art amid modern architecture and bird's-eye views of Los Angeles. The Getty Villa Museum lies along the coast, north of Santa Monica, and displays ancient Greek and Roman art in a recreated Roman house.

Top Articles
Latest Posts
Article information

Author: Maia Crooks Jr

Last Updated:

Views: 6428

Rating: 4.2 / 5 (63 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Maia Crooks Jr

Birthday: 1997-09-21

Address: 93119 Joseph Street, Peggyfurt, NC 11582

Phone: +2983088926881

Job: Principal Design Liaison

Hobby: Web surfing, Skiing, role-playing games, Sketching, Polo, Sewing, Genealogy

Introduction: My name is Maia Crooks Jr, I am a homely, joyous, shiny, successful, hilarious, thoughtful, joyous person who loves writing and wants to share my knowledge and understanding with you.