News

Thompson Family Donates $65 Million to Arts Organization

This article is from our older website archives. Some content may not be formatted or attributed properly. Please Contact Us if you feel it needs to be corrected. Thank you.

The Thompson Family Foundation, which was founded by Thor Industries co-founder and former CEO Wade Thompson, gave $65 million to Park Avenue Armory in New York to help the organization expand its work in the visual and performing arts, as well as the scale and reach of its arts education for underserved public school students.

Thompson, who died in 2009, began the foundaiton in 1980s.

The gift brings the total amount donated by the family to the Armory to nearly $129 million, including seminal support beginning more than two decades ago to save the once-neglected building and revitalize it as a nonprofit arts organization.

“With this new gift, the Foundation has generously started an endowment fund, which will allow the Armory to expand our work with artists in realizing their greatest visions, serve ever-broader audiences, and launch new arts and arts education initiatives,” said Park Avenue Armory President and Executive Producer Rebecca Robertson.

In recognition, the spaces within the Armory building dedicated to the institution’s arts programming will be named the Thompson Arts Center at Park Avenue Armory, according to the release. At the family’s request, the Thompson Arts Center name will last for a period of 50 years.

Related Articles

Back to top button