Art News. Vasari Codex

article policy schedule Dec 4, 2025 visibility 18 link 4 artists

perez art museum miami gift 7 million caribbean cultural institute

The Pérez Art Museum Miami (PAMM) has announced two major gifts totaling $7 million for its Caribbean Cultural Institute (CCI). The Mellon Foundation contributed an additional $2 million, while the Green Family Foundation (GFF) donated $5 million, leading to the institute's renaming as the Green Family Foundation Caribbean Cultural Institute. The funds will support operating expenses and the endowment of the CCI, which was originally established in 2019 with a $1 million Mellon grant. The Green Family Foundation, founded by Steven J. Green and Dorothea Green, has deep philanthropic roots in Miami, including ties to Florida International University and local art initiatives. Current CCI fellows include artist M. Florine Démosthène, writer Rianna Jade Parker, and anthropologist Celia Irina González.

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More US artists forced to pay for their own shows as museum and culture budgets shrink

The article reports that U.S. artists like Lucia Hierro are increasingly forced to pay for their own museum exhibitions and public commissions as institutional budgets shrink. Hierro’s ambitious installation centered on a 7.5-foot monobloc chair required $35,000–$40,000 for fabrication alone, far exceeding what the commissioning institution could provide. The project moved forward only after support from her gallerist and a new fund from Miami-based nonprofit Fountainhead Arts, which received 96 applications requesting $1.8 million—14 times its available $125,000 in grants. The article highlights that even artists selected for the Venice Biennale face such funding gaps.