BofA Announces 2023 Art Conservation Project Grant Selections

Rhea-AI Summary

On April 13, 2023, Bank of America announced the funding of 23 cultural preservation projects globally as part of its Art Conservation Project. This initiative has supported over 237 projects since 2010, preserving historically significant art across 40 countries. The 2023 grant recipients include notable institutions such as the Los Angeles County Museum of Art and the Armenian Museum of America, focusing on diverse cultural artifacts ranging from illuminated manuscripts to iconic sculptures. Brian Siegel, Bank of America's Global Arts, Culture & Heritage Executive, emphasized the importance of cultural sustainability and accessibility in the arts. For more details on the grant recipients, view the 2023 brochure.

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• Funding supports 23 cultural preservation projects, enhancing global cultural heritage.
• Since 2010, more than 237 projects have received funding, indicating a strong commitment to cultural sustainability.

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• None.

Grants to provide funding for 23 cultural preservation projects globally

CHARLOTTE, N.C., April 13, 2023 /PRNewswire/ -- Bank of America announced today that 23 cultural institutions have been named as recipients of the 2023 Bank of America Art Conservation Project. They represent a diverse range of artistic styles, media and cultural traditions across China, Colombia, France, Lebanon, Mexico, Singapore, South Africa, Sweden, the U.K. and the U.S.

Since 2010, Bank of America's Art Conservation Project has supported the preservation of paintings, sculptures, and archeological and architectural pieces of critical importance to cultural heritage and the history of art. More than 237 projects across 40 countries managed by nonprofit cultural institutions received funding to conserve historically or culturally significant works of art that are in danger of deterioration.

This year's grant recipients include:

• Los Angeles County Museum of Art's conservation of Urban Light (2008), a sculpture by American artist Chris Burden that is celebrated as an unofficial symbol of the city. It features 202 historic streetlamps and is one of the museum's most popular installations.
• Armenian Museum of America's restoration of 21 illuminated manuscripts, dating back to the fifth century. Many of the surviving works were damaged during World War I or looted and subsequently scattered internationally.
• Musée d'Art Moderne de Paris' restoration of Rythme (1938), an abstract painting in the Orphism style by French artist Sonia Delaunay.
• National Gallery Singapore's conservation of Chinese artist Chen Wen Hsi's Gibbons (1977), an ink painting portraying lively primates native to Singapore.
• The Hawai'i State Archives' conservation of three royal portraits including William Cogswell's portrait of Queen Lili'uokalani (1892), the last sovereign monarch of Hawai'i.
• Hampton University Museum's preservation of 29 works on paper by prolific African American artist Dr. John T. Biggers.
• The Arab Image Foundation's preservation, digitization and documentation of 98 handmade photo albums by Lebanese photographer Agop Kouyoumjian.

"Art and objects of cultural heritage are extremely vulnerable to the impacts of time.  The conservation of these works allows society at large to continue to be inspired by the rich diversity of the human experience," said Brian Siegel, Global Arts, Culture & Heritage Executive at Bank of America.  "We support this work as part of our efforts to promote cultural sustainability to preserve this shared history for future generations." 

The Art Conservation Project is one demonstration of BofA's commitment to promoting cultural sustainability and making the arts more accessible and inclusive in communities. A wide range of support for both local and global nonprofit organizations helps drive engagement and is part of how BofA drives Responsible Growth.  For a full list of museums receiving grants through the 2023 Bank of America Art Conservation Project, please view the 2023 Art Conservation Project brochure.

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact:
AnnMarie McDonald, Bank of America
Phone: 1.332.234.8635
annmarie.mcdonald@bofa.com

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SOURCE Bank of America Corporation

FAQ

What is the 2023 Art Conservation Project by BAC?

The 2023 Art Conservation Project by Bank of America provides funding for 23 cultural preservation projects globally.

How many projects has BAC funded since 2010?

Since 2010, Bank of America has funded over 237 cultural preservation projects.

Which institutions received grants in 2023 from BAC?

Institutions like the Los Angeles County Museum of Art and the Armenian Museum of America received grants in 2023.

What is the focus of BAC's Art Conservation Project?

The focus is on preserving historically or culturally significant works of art that are at risk of deterioration.

How does BAC promote cultural sustainability?

Bank of America promotes cultural sustainability by funding initiatives like the Art Conservation Project, which preserves diverse cultural heritage.