The Burchfield-Penney Art Center has met a Dec. 31 deadline by raising $8.2 million in private contributions toward its Elmwood Avenue building, now under construction.
The private money had to be in hand or pledged by then as the first step in securing a $700,000 challenge grant from the Kresge Foundation of Troy, Mich. The grant will be awarded once all funding for the project is in place.
To date, the Burchfield-Penney has raised $29.7 million of the new museum's $33 million price tag. Private support for the project was bolstered in recent weeks by a $250,000 award from M&T Bank, combined with grants from two anonymous foundations, as well as contributions from the Baird and Cameron Baird foundations and the Louis P Ciminelli, Joy and Kenneth L. and Katherine G. Koessler family foundations.
Other major support has come from the Charles E. Burchfield, John R. Oishei, Margaret L. Wendt, Mary A.H. Rumsey and Seymour H. Knox foundations.
Foundation giving is critical to the project, and more announcements are expected in the near future, said Paula Joy Reinhold, chairwoman of the capital campaign, and Ted Pietrzak, Burchfield-Penney executive director.